Markets

Canada recently managed to negotiate a deal with Visa and Mastercard that will be quite beneficial for the country’s smaller businesses. According to the terms, small businesses will get to enjoy lower credit card interchange fees starting next Autumn. Details...

Brad Smith, the president of Microsoft, recently entered talks with Wang Wentao, China’s Minister of Commerce, regarding potential AI opportunities. The move comes amid the European Parliament’s efforts to create regulations that would govern artificial intelligence. Microsoft is exploring AI...

The UK’s Financial Conduct Authority (FCA) recently released its consumer investment data review for a period between April 2022 and March 2023. The report shows that the financial watchdog had to issue as many as 1,716 warnings against unauthorized companies...

Tether, the company behind the world’s largest stablecoin, USDT, recently announced a new voluntary wallet-freezing policy. The policy comes as part of the company’s efforts to align its service with the United States’ sanctions policies. Tether decided to take proactive...

Motive Partners, a private equity firm based in New York, recently acquired a controlling stake in Splitit Payments — an Australian-listed Buy Now, Pay Later (BNPL) company. An important partnership for Splitit Payments Splitit Payments offers a white-label, fully embedded...

Last month, in November 2023, the publicly listed fintech firm XTB officially reached and then surpassed the 200,000 clients milestone. In doing so, the company became the third-largest brokerage on the Polish stock exchange. XTB is now the third-largest Polish...

SumUp, a London-based fintech, recently concluded a very successful funding round that ended up raising a total of €285 million. The company intends to use the funds to expand its global footprint, as well as increase the number of available...

Koho Financial, a leading fintech company based in Canada, has announced securing an additional $86 million in a Series D extension at a valuation of $800 million. This funding round comes amid a significant decline in fresh funding for fintechs....

Fujitsu, a digital transformation firm, is partnering with Palantir Technologies to foster business transformation across Japan. The two firms will also ally to address some critical issues in society. Fujitsu will benefit from this deal by leveraging Palantir's artificial intelligence...

Abu Dhabi Commercial Bank (ADCB) has unveiled a partnership deal with Mastercard for the first Mastercard Carbon Calculator. This calculator is an innovative tool supporting businesses' sustainability goals by sharing data on the estimated carbon footprint of corporate expenditure. ADCB...

$9 trillion asset manager BlackRock will launch new generative AI tools for clients and employees. These tools include a chatbot powered by AI to answer customer queries. It will also have AI-powered co-pilots to create drafts to improve employee productivity....

The Office of the Comptroller of the Currency (OCC) recently issued guidance for the banks in the United States, warning them about offering buy now, pay later (BNPL) loans. According to the OCC, the banks must ensure that the loans...

A venture capital (VC) company known as Canapi Ventures recently raised $750 for its second fintech fund. Canapi’s Fund II was even more successful than the first one The firm was founded by Gene Ludwig, the former Comptroller of the...

Canadian fintech Koho recently concluded a Series D funding round with great success. The company, valued at C$800 million, managed to raise C$86 million during the round’s extension. https://twitter.com/GetKoho/status/1732772049347834142 The round saw the participation of a number of well-known entities,...

A recent announcement revealed that Think Financial Grou Holdings Limited, also known as ThinkMarkets, and FG Acquisition Corp. have decided to terminate their business agreement. The two have reached the decision jointly, deciding that it is best for the business...