Markets

A crypto token founder is suing the Crypto.com cryptocurrency exchange after falling victim to a scam. The CEO of Glow Token, Bryan Lawrence, claims that the major exchange is responsible for a breach of contract while also acknowledging that Crypto.com...

Helio Lending, a crypto lender based in Australia, has received a non-conviction good behavior bond for one year. The sentencing comes after the Melbourne-based lender falsely claims to have a local credit license. Australian lender sentenced over false claims of...

North Korean hackers have stolen over $200 million worth of cryptocurrencies in 2023 alone. This hacking activity accounts for 20% of all the crypto assets stolen this year alone. North Korean hackers are known to target various projects in the...

Investments across the Canadian fintech industry witnessed a significant decline during the first half of 2023, according to a report by KPMG. The reduced funding seen in this space affected valuations, which also dropped to levels that had previously not...

Innovate Finance has issued a response to the Call for Proposals by the HM Treasury. The HM Treasury had proposed how to determine fintech success concerning the new secondary goals of financial market regulators. In its response, Innovate Finance advocated...

The minister for finance in Ireland, Michael McGrath, has ordered an investigation into the robust nature of its banking technology infrastructure. The minister has called for this probe after a technical glitch on the mobile banking app for the Bank...

Central banks globally have been working on launching central bank digital currencies (CBDCs) to keep up with the wave of digital transformation. Leading payments companies such as Mastercard are also launching tools that will aid in CBDC adoption. However, a...

The shares of Adyen, a European payments giant that competes against Stripe, witnessed a massive plunge on Thursday, dropping by over 30%. The poor performance in shares happened after the company posted weak revenue numbers, as it also defended the...

Fineos, an insurance software company based in Ireland, has raised $40 million to strengthen its balance sheet and offer general working capital. According to the company's founder, Micheal Kelly, the new equity will enhance its financial position while demonstrating the...

Mastercard has launched a central bank digital currency partner programme that includes firms operating across the sector. Some firms that are now part of this partner programme include Ripple and Consensys. Mastercard launches a CBDC partner programme Mastercard has been...

ANZ is planning to set up a major tech hub in Brisbane. The company’s regional expansion aligns with the plan to acquire Suncorp Bank. As part of the plan, the company plans to hire 700 employees with expertise in cloud,...

Visa is facing a fresh investigation by the US Department of Justice (DoJ). The agency is accusing the payments company of charging retailers additional fees over not using the proprietary tokenization technology the payments firm offers. DoJ starts probe against...

Zolve, a neobank targeting immigrants to the United States, has announced a partnership deal with Gigs. The partnership seeks to support the creation of its branded mobile phone plan service. Zolve offers a wide range of services to immigrants in...

Basware, through its wholly-owned subsidiary known as Genesis Bidco Limited, has announced its intention to make an offer to purchase the entire share capital of Glantus Holdings PLC. The company is a leader in AP automation and invoice processing. Basware...

UK neobank, Monzo, is planning to venture into the pensions market. The neobank will be venturing into this area by hiring a product manager in charge of the retirement proposition at the bank. Monzo plots to expand into the pensions...