Markets

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...

Canapi Ventures, a venture-capital firm focused on startups, has raised $750 million in its second fund. Canapi is a fintech venture capital firm that enjoys the backing of nearly 70 financial institutions and strategic investors in the United States. The...

HSBC has made a move that will be a game-changer in protecting client data by piloting the use of quantum key encryption. The bank’s goal is to try to use the new technology to protect client FX trading data from...

Leading French lender Societe Generale recently launched its brand new stablecoin, and it has already reached its first major crypto exchange — BitStamp. The stablecoin, based on the euro, will allow investors in the cryptoasset ecosystem, as well as those...

A major brokerage service, Exness, recently reported its trading volume for November 2023, showing that it slipped by 19% compared to the previous month. While in October, the broker managed to reach a trading volume of $4.8 trillion, it appears...

The Commonwealth Bank of Australia recently entered into a collaboration with Vodafone for a new pilot project. The project will see the two share SMS scam intelligence in near real-time, according to the partners. Thanks to the new partnership, the...

Icon Solutions, a UK-based payments technology outfit, recently managed to secure an equity investment from Citi Bank, the US-headquartered banking giant. While the exact terms of the investments were not released to the public, it is known that the investment...

Korean tech giant Samsung recently revealed that it is joining Mastercard’s new Wallet Express program. By teaming up with Mastercard, Samsung hopes to make it easier for card issuers and banks in the UK to offer access to its own...

The London Stock Exchange (LSE) suffered two outages yesterday, December 5, causing significant disruptions in trading. Hundreds of small company shares became unavailable for trade during the two incidents, as the exchange had to temporarily halt trading on the FTSE...

Metro Bank plans to trim around 800 jobs by the end of March. The financial institution also plans to review its 24/7 branch model to trim costs amid a multimillion-pound deal announced in November. According to the troubled lender, it...

Intesa Sanpaolo has created and rolled out a wearable payment solution in the form of a ring, which will allow customers to make payments at checkouts simply by tapping it. The Italian bank created the ring in collaboration with Mastercard,...

CaixaBank has formed a multi-disciplinary task force of over 100 experts in various sectors, who will now work together on creating and deploying generative artificial intelligence (AI). The bank intends to use its upcoming AI solution in specific areas of...

Banco Santander, a provider of retail and commercial banking, wealth management, as well as related financial solutions, has recently migrated its corporate and investment banking business. The bank revealed that its corporate bank has moved on to a new cloud-native...

Circle, the company behind the USD Coin (USDC), was recently hit with allegations that said that the company may be involved with Palestinian terrorist groups. Circle responded to the allegations, strongly denying that it facilitated funding for terrorists. Circle no...

Finastra recently published its annual State of the Nation Survey, which revealed the biggest interests of the financial services sector. According to the global survey, the majority of investments are going into innovative, emerging technologies, including primarily artificial intelligence (AI),...