Markets

Nasdaq has appointed Sarah Youngwood as the new chief financial officer (CFO). Before his appointment, Youngwood served as an executive at Swiss banking giant UBS Group AG. Youngwood will assume her new role at the exchange operator on December 1....

Fintech startups operating in Africa have raised over $2.7 billion worth of venture capital funding. These companies raised the amount in the last two years. The data is remarkable, given that the fintech space has seen a drop in funding...

FNA, a network analytics and simulation company, has secured a $100,000 award from the SupTech Launchpad competition by the University of Cambridge. The award will go towards creating a working prototype of a monitoring tool for financial markets. FNA gets...

PandaDoc has announced the acquisition of Denario. The acquisition will allow small businesses to have an easy way of handling their proposal-to-cash workflow. The offering will also improve the capabilities of the two companies. PandaDoc acquire Denario The acquisition deal...

The Bank of America has announced the release of Global Digital Disbursements. This offering will be available to the bank's customers in Canada. It is open to commercial clients with deposit accounts at the bank's branch in Canada. Bank of...

Safaricom, the largest telecommunication provider in Kenya, has launched its M-Pesa mobile money service in Ethiopia. The mobile money service will now be available to customers in Ethiopia, allowing them to transfer funds between each other easily. Safaricom's M-Pesa goes...

Grayscale, the world’s largest digital asset manager, secured a major win against the US Securities and Exchange Commission (SEC). The crypto asset manager sued the SEC for failing to approve its application to convert the Grayscale Bitcoin Trust (GBTC) into...

Belgium’s financial regulator, the Financial Services and Markets Authority (FSMA), warned against three more companies seemingly operating as boiler rooms inside the country. The three firms, IWL Consulting, May Capital Group, and South Pass Partners, offer investment services to Belgian...

Binance, the world’s largest crypto exchange by volume, continues to run into regulatory problems in European countries. Most recently, the exchange decided to migrate its Belgian users to its Polish subsidiary rather than quit the country. The move comes after...

BMO Commercial Bank revealed recently that it is working on a new mobile wallet for virtual cards. The bank teamed up with two other companies — Mastercard and Extend — and their product will grant their clients the power to...

Citi, a global banking giant, has made a strategic investment in Rextie. With this investment, Rextie has emerged as the first FX fintech in Latin America to secure an investment from a leading global bank. Citi invests in Rextie The...

CMC Markets recently published a trading update. The update revealed that the company anticipates a lower net operating income between £250 million and £280 million for the 2024 financial year. CMC Markets downgrades FY24 outlook The update is notably lower...

The US Treasury Department and the Internal Revenue Service (IRS) have released new guidelines for crypto brokerage platforms, including trading platforms, wallet providers, and payment processors. The Treasury Department said the proposed guidelines mandate brokers to report crypto sales and...

Fintech firm LemFi has secured $33 million in a Series A funding round. Left Lane Capital led the funding round. The other investors participating in the funding round include Global Founders Capital, Olive Tree, Y-Combinator, and Zrosk. LemFi raises $33...

Customer data belonging to three bankrupt crypto firms has been exposed after a SIM swapping attack. The three affected firms include digital asset lenders Block Fi and Genesis and bankrupt crypto exchange FTX. SIM Swapping exploit exposes BlockFi, FTX, and...