Markets

New research conducted by Forex Suggest looked into the blockchain industry leaders, trying to find how many men and women lead the sector by running the top crypto and blockchain firms. The results of the study show that the blockchain...

The Financial Conduct Authority (FCA) started assessing the products and services of nine different UK companies. The goal is to deduce whether the firms are offering fair values and ensure consumer savings deals of top quality. The move comes nearly...

X, the social media platform formerly known as Twitter, has secured several money transmitter licenses. The licenses have been obtained across seven states in the United States. X plans to use these offerings to boost its presence in the payments...

The United Kingdom has seen a significant increase in the number of open payments over the course of the last month. New data shows that 11.4 million open banking payments were made in July 2023 alone, which is 9% more...

UK-based LHV Bank has come up with a plan to enter the local personal savings market. The plan revolves around a partnership with an online savings platform called Raisin UK. The move will allow the bank to expand its services,...

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...