Markets

Visa has announced a strategic partnership with the Federal Reserve’s FedNow instant payments network to develop a real-time, multicurrency settlement layer for banks and fintechs. The collaboration is designed to enable instant, cross-border payments in multiple currencies, providing businesses and...

South Korea has launched a nationwide pilot program for blockchain-based property rental contracts, signaling a major shift in how the country’s real estate market manages leases and tenancy agreements. The pilot is designed to digitize rental contracts, enforce automated terms,...

Cryptocurrency exchange Coinbase and Visa Solution, Tink, have collaborated to enable crypto transactions through Pay by Bank in Germany. Pay by Bank is an open banking-powered payment platform that gives users the ease of transferring money. The app offers convenience...

UK Digital bank Monzo has appointed Diana Layfield as its new Chief Executive Officer. As a former Google and Standard Chartered executive, Layfield is coming into his new role with a lot of experience in the finance sector. According to...

Major cryptocurrency exchange Bybit has announced that it will stop onboarding new Japanese users from October 31. The decision will affect both Japanese nationals and residents. The crypto exchange noted that the decision comes as part of its proactive measures...

The Cyprus Securities and Exchange Commission (CySEC) has temporarily suspended public access to its certification records after discovering that fraudsters exploited registered professionals' personal details to deceive investors. CySEC stated that the decision was intended to preserve market integrity and...

Payments technology firm Fiserv recorded its biggest one-day decline on Wednesday when its shares fell by 43%. The company reported a weaker quarterly result, lowering its growth output for the second quarter in a row. Some analysts have criticized the...

A new prop trading firm, Optimal Traders, has appointed Alaa Kriedy as Chief Executive Officer to lead its Middle East and North Africa operations. The firm seeks to accelerate its regional expansion. Kriedy Brings Over Two Decades of Financial Experience...

Morgan Stanley has agreed to acquire EwuityZen, a private shares platform. Morgan Stanley says the acquisition will improve its private market ecosystem, which provides a full-service offering to private firms and their shareholders. Morgan Stanley wants to improve its services...

Western Union has announced its plans to launch its stablecoin on Solana. Western Union says the stablecoin, called the U.S. Dollar Payment Token (USDPT), will be designed to bridge the gap between the digital asset and fiat worlds. The new...

OpenAI and Amazon Web Services have announced a new partnership aimed at building specialized financial-grade AI models tailored for banks, trading platforms and fintechs. Unlike most commercial AI tools that are trained for general productivity, the new models are being...

Mastercard has announced what could become one of the most transformative regulatory technology pilots in the global payments industry. The company is testing a privacy-focused KYC network built on zero-knowledge proofs, a cryptographic system that allows institutions to verify customer...

A new announcement published earlier today, November 25, by SIX, says that bank customers in Switzerland will be able to bundle their accounts from various banks into a single banking or fintech app moving forward. This was made possible thanks...

A former head nickel trader at Trafigura, a global commodities trading company that connects producers and consumers of metals, minerals, oil, gas, and power, denied allegations of fraud, as reported by Reuters. The report claims that the trader was accused...

SitusAMC, a leading provider of investment advisory, outsourcing talent, and technology solutions to the commercial and residential real estate finance industries, recently confirmed that it had suffered a security breach.  The firm published a report on November 22, stating that...