Markets

The UK users of the Hongkong and Shanghai Banking Corporation (HSBC) recently found themselves unable to access online and mobile banking services. https://twitter.com/HSBC_UK/status/1727971038628020557 Online and mobile banking out on Black Friday The timing of the incident was also unfortunate, as...

Instinet has released BlockCross in Japan to handle the execution of large blocks across fragmented markets. This offering comes with distinct features and liquidity to enable efficient and anonymous large trade executions with minimal impact on the market. Instinet is...

Rimes has announced the integration of the Matrix investment management platform at Boston Partners. The integration will improve upon the data management operations by Boston Partners. Boston Partners will offer comprehensive enterprise reporting, business intelligence, and data retention through this...

Bitvavo, a cryptocurrency exchange platform based in the Netherlands, is expanding its operations into France. The development comes after the exchange received approval from Autorité des Marchés Financiers (AMF), France's regulatory authority. The development marks another milestone in Bitvavo's expansion...

Wallet of Satoshi, a popular brand that provides Bitcoin Lightning wallets, has decided to withdraw its service from the US. The firm has voluntarily withdrawn its app from both the Google Play Store and Apple App Store, and it intends...

The UK Financial Conduct Authority (FCA) is seeking to address the growing integration of big tech companies within the financial service sector. Technology giants have expanded their presence into areas dominated by the financial sector such as consumer credit, deposits...

Commerzbank has released a project leveraging artificial intelligence (AI). The bank will use an AI Banking Avatar to create a mobile-first approach. This avatar will offer virtual assistance services by interacting with customers in a natural language. The virtual assistant...

Zipmex Thailand, one of the leading crypto exchanges in the country, recently suspended all new deposits and trading on the platform. According to the company, it needs to adhere to the regulations of the country’s securities regulator, the Securities and...

GTN, a leading global fintech shaping investments and trading for all investors, has partnered with Hugosave. The latter is the leading wealthcare companion in Europe. This partnership seeks to enable Hugosave to provide fractionalized investment portfolios. The partnership between GTN...

Australian banks have committed to more efforts to address scams using technology. These institutions will set systems to ensure customers do not transfer money to fraudulent accounts. These banks had initially resisted plans by the Australian Competition and Consumer Commission...

Bittrex Global is halting operations, according to an announcement on November 20. The cryptocurrency exchange has said that operations on this platform will cease on December 4 Customers are urged to withdraw funds from the platform by December 4, with...

The ApeX Protocol, a decentralized and non-custodial derivatives protocol by Davion Labs, has posted significant growth and development across the decentralized finance (DeFi) sector. ApeX is currently celebrating its first anniversary, having announced multiple rewards and a glimpse into the...

Binance has appointed Richard Teng to take over as the new CEO after the resignation of Changpeng “CZ” Zhao. Teng’s appointment comes as the exchange finalizes a settlement deal with the US government. Teng’s promotion is also part of a...

The US securities regulator, the Securities and Exchange Commission (SEC) continued its crypto exchange crackdown with a lawsuit against another major platform, Kraken. The regulator accused the platform of operating as an unregistered securities exchange, dealer, broker, and clearing agency....

According to a recent study conducted by FintechOS, as much as 73% of executives from the financial services sector believe that they will eventually be replaced by generative AI. Is AI a friend or foe? The study, titled “Generative Artificial...