Markets

The Financial Markets Authority (FMA) recently issued its 2023 annual report that shows the number of potential financial scams, as well as the activities of unlicensed businesses, has seen a significant decline in New Zealand. The company compared the number...

Klarna, one of the leading buy now, pay later companies, has decided to team up with Adyen as its global acquisition bank. The new partner will be responsible for collecting card-based payments from customers, as well as their banks of...

Indian buy now, pay later (BNPL) company called ZestMoney recently announced that it is shutting down. The company was looking for a buyer for some time, and after failing to find one, its only remaining solution was to permanently close...

A unit of the credit union fintech partner Trellance, called Ongoing Operations, recently suffered a ransomware attack that had far-reaching consequences. According to recent reports, the attack has caused dozens of US credit unions to suffer outages. What happened? Ongoing...

Denmark has started withdrawing older banknotes from circulation due to the lack of their usage among its citizens. The country noticed that very few people still recognize them as valid, and even those who do are feeling less and less...

As digital banking continues to grow in the UK, major banks are giving up on running physical branches. Lloyds Banking Group, one of the leading banks in the country, already announced further shutdowns in 2024, currently planning to close 45...

Rich Data Co (RDC) recently held a funding round that managed to raise $28 million. The round was led by Westpac and nCino. The round also had other participants, including existing investors, such as Australian funds management firm BMYG and...

Italian competition authority, the Autorità Garante Della Concorrenza e del Mercato (AGCM), recently ordered Intesa Sanpaolo to halt customer migrations to its new app-only unit. The Italian lender recently launched an app-only, cloud-based Isybank, which went live this summer. The...

Mastercard is the latest major company in the world of payments to jump on the generative AI opportunity by rolling out an AI-powered assistant tool aimed at the retail sector. According to the company, its generative AI retail assistant can...

UK’s smart money app Plum managed to secure a €10 million minority equity investment from Eurobank, a leading bank from Greece. The investment comes as part of a strategic partnership in the region. What makes Plum stand out? Plum has...

The retiring head of the Monetary Authority of Singapore (MAS), Ravi Menon, recently spoke about cryptocurrencies, revealing his skepticism and grim predictions. According to the MAS’ head, private cryptocurrencies will not exist for much longer. He claims that these digital...

Card giant Mastercard recently joined a $65 million Paysend funding round with a strategic investment in support of the UK-headquartered international money transfer firm. Mastercard is also partnered with the company, as the two recently made a deal to establish...

A recent report by the Wall Street Journal says that Apple has sent a proposal to its financial partner, a leading bank, Goldman Sachs. According to the proposal, the tech giant seeks to end the credit card and savings account...

Legendary football player Christiano Ronaldo has recently been hit with a class action lawsuit of over $1 billion due to his promotion of an NFT collection with Binance, the world’s largest crypto exchange that recently got slapped with a multi-billion...

The UK’s Financial Conduct Authority has decided to improve trust in the sustainable investment market, and to do it, it made a move to clamp down on greenwashing. The UK regulator put sustainability disclosure requirements in place, as well as...