Markets

The level of funding across the fintech industry in Ireland has dropped again over the last 12 months. The decline is attributed to economic and geopolitical issues that continue to affect the operations of fintechs globally. Irish fintech funding slows...

The US Securities and Exchange Commission (SEC) has filed charges against Titan Global Capital Management USA LLC. The SEC accuses the fintech advisory firm of using misleading hypothetical performance metrics. SEC charges fintech investment adviser for misleading investors The charges...

XTrend, contracts for difference (CFD) brokerage platform regulated in Cyprus, plans to expand to the Southeast Asian market. The online trading service provider said it had acquired a deal as a Regional Sponsor for the Argentine national football team in...

The National Agency of Perspective Projects (NAPP) in Uzbekistan has authorized the launch of two private banks. The two banks, Kapital Bank and Ravnaq Bank, will issue crypto cards backed by the payments giant firm Mastercard. Uzbekistan greenlights Mastercard-backed crypto...

Oman's Ministry of Transport, Communications, and Information Technology (MTCIT) has launched a new data hosting and crypto mining center. This center is situated within the Salalah Free Zone. Oman launches a crypto mining center The Salalah Free Zone mining center...

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...