Markets

The Centre for Finance, Innovation and Technology (CFIT) has revealed the founding members for the “Open Finance Coalition.” These founding members will work together to demonstrate the power that lies with financial data to boost the efficiency of SMEs and...

Tech giant Apple has announced that businesses in the UK can start accepting in-person contactless payments via Tap to Pay on iPhone devices. This feature will be available to millions of merchants, including small businesses and large retailers. Apple launches...

Swift, BBVA, Iberpay, and other global banks have successfully closed the first pilot program to process payments between different currency areas. The goal behind partnering for the pilot project is to improve the international payments that involve currency exchanges. Swift...

Ripple Labs and its executives recorded a major win on Thursday against the US Securities and Exchange Commission. A US Judge delivered a historic ruling in favor of Ripple and the entire crypto industry. The judgment triggered a significant gain...

The Reserve Bank of Australia (RBA) has appointed Michele Bullock as the ninth governor. Bullock is a long-serving official at the RBA, having started work at the bank as an analyst in 1985. She will be the first female leader...

The demand for crypto assets in Hong Kong is definitely something that can no longer be ignored. While the authorities assumed that legalizing crypto would encourage the locals to start dealing with digital currencies, the response following crypto legalization has...

The United Kingdom has created a new bill for online safety, which proposed measures that would prevent children from coming to harm on the internet. The bill did not pass as of yet, but experts agree that lawmakers are likely...

With the race to become the dominant force in the world of AI drawing in all of the largest tech firms around the world, Meta has developed plans to outperform competitors, according to sources familiar with the company. The insiders...

The NAGA Group AG posted positive results during the first six months of 2023. The revenue posted by the company during the period came in at EUR 19.5 million. On the other hand, the number of active traders on the...

The Spanish Securities Market Commission (CNMV) anticipates that the additional restrictions it will make on marketing, distribution, and the sale of contracts for difference (CFD) instruments will come into effect on July 20, 2023. The restrictions have received the support...

Payoneer, a fintech company based in Israel, is participating in a new round of layoffs. The payments company has a market capitalization of around $1.7 billion, and it has now announced a plan to lay off 200 employees that comprise...

NatWest Group recently announced that it intends to bring the shutters down on 36 more branches. With the new development, the company will have shut down 143 branches in total in 2023 alone. Not only that, but the company also...

Cornerstone FS, a forex and payments company based in the UK, recently announced its estimated total revenue for the first half of 2023. According to the company, the estimated figure sits at around £3.6 million. While it represents a major...

Cryptocurrency trading is much simpler today than it used to be even a few years ago. It is constantly getting better and simpler in order to make it available to more users, including those who are not tech-savvy. However, simplifying...

Citi has announced the release of a new platform known as CitiDirect Commercial Banking. The launch of this platform is part of a strategic investment plan by Citi. The banking institution plans to use the platform to meet the emerging...