Markets

Crypto firm Fordefi is debuting a wallet-as-a-service platform after securing $10 million in a seed-extension fundraising round. Electric Capital spearheaded the funding round with contributions from Alchemy and Paxos, bringing the company’s total seed funding to $28 million The New...

Ripple has decided to purchase Standard Custody and Trust Firm, a Corporate-level compliant platform for Crypto assets This decision highlights Ripple's dedication to Adherence to legal mandates and allows the firm to extend beyond its main payments system into several...

Rod Ashley, the Chief Executive Officer Of Alba Bank, has decided to step down from his position after six years of service. Mr Ashley revealed that he enjoyed his time at Alba. He has decided that it’s the right time...

NatWest Bank is now the first bank in the UK to become a dealer in the Crown Commercial Service's (CCS) Dynamic Purchasing System (DPS) for Open Banking. Every United Kingdom public sector entity like public administrations, charities, schools, NHS, local...

The Biden Administration has revealed that over 200 entities including Apple, Amazon, Mastercard, OpenAI, Nvidia, Visa, and JP Morgan have agreed to attend the latest US Consortium. Gina Raimondo, US Commerce Secretary, stated that the recent consortium is expected to...

Barclays has announced the acquisition of Tesco Bank’s savings, loans, and credit cards operations. The £600 million agreement has an initial deal lasting 10 years. The deal sees about 2,800 Tesco Bank workers operating on banking products will be transferred...

Nasdaq Private Market (NPM) has secured $62.6 million in a funding round with backing from some renowned banks. This funding round was steered by Nasdaq. Current investors like Goldman Sachs, Citi, and Allen & Company all played a major part...

World’s largest bank JPMorgan Chase has been declared a top bank in artificial intelligence (AI) research. This was According to a recent report by Evident, a benchmarking platform. The report shows that the firm has increased the percentage of AI...

Santander has reportedly filed a complaint with Britain’s advertising regulator against a Nationwide advertisement campaign. The firm claims that the advertisement denigrates and dishonors the high-level street banking division. In the latest report, the company sent a message to the...

The Hong Kong and Shanghai Banking Corporation Limited (HSBC) has announced a strategic partnership with Google Cloud. This collaboration is aimed at providing venture debt financing options to climate technology businesses. Both parties are looking to support the climate firm...

The Chief Executive Officer of Ripple, Brad Garlinghouse, has reported that the XRP wallet of Chris Larsen, Ripple’s Co-founder, has been hacked. The hackers, which are yet to be discovered, have stolen 213 million XRP tokens worth $112 million. The...

Deutsche Bank has announced that it will reduce its workforce by 3,500 workers as part of a bigger plan to enhance operational efficiency. The German-based bank saw a significant 14% decline in net income amounting to €4.9 billion. It started...

Valentine’s Day is approaching, which means that many will be looking for opportunities, special deals, and other advantages related to the upcoming day of romance. Unfortunately, according to CFTC, there has also been a spike in romance scams, especially the...

In a recent report, the Bank of International Settlements (BIS) warned that the metaverse could place new demands on payment services. It also pointed out that these demands may be better met by central bank digital currencies (CBDCs)and retail faster...

Banking giant Goldman Sachs was recently fined by the Financial Industry Regulatory Authority (FINRA) for failing to adequately monitor trading activity in certain securities over a prolonged period of time. The regulator has issued a $512,500 fine after finding that...