Markets

Papara, a neobank based in Turkey, has announced the acquisition of its Spanish rival known as Rebellion. The acquisition will see Papara gain the status of a fintech unicorn, and it is the first-ever acquisition by the company. Papara acquires...

DBS has been testing and leveraging the potential of emerging technologies to generate an efficient and safe payment landscape. The goal of this project is to transform the future of the payment industry. DBS launches an E-CNY merchant collection solution...

Natwest has called for a “step change” in the regulatory framework around open banking. The institution has said that the open banking industry is shifting towards the next stage of its life, and there should be more incentives in the...

Revolut, a financial app based in the UK, has launched its services in New Zealand. The move will allow customers in New Zealand to use the app to exchange foreign currencies, make peer-to-peer payments, split bills, and support the ability...

City Credit Capital (UK) Limited (CCCUK), a brokerage platform dealing in forex and contracts for difference (CFD) offering, has become insolvent. The UK financial market regulator, the Financial Conduct Authority (FCA) revealed that the broker was now into bankruptcy administration....

Binance, the world’s largest cryptocurrency exchange by trading volume, recently announced a suspension of a number of cryptocurrencies. Some of the affected tokens include Harvest Finance (FARM), Polkastarter (POLS), Alchemy Pay (ACH), and others. All the suspended tokens — which...

According to recent reports, the Reserve Bank of India (RBI) has recently entered a dialogue with other central banks from at least 18 different countries. The central bank is exploring its openness toward the possibility of cross-border payments using a...

BBVA has set up a financial crime prevention division, becoming the first bank in Spain to launch such an offering. The bank said that the goal behind creating the unit was to develop a comprehensive solution model that addresses the...

CaixaBank has unveiled FXWallets. FXWallets is a service that allows a trader to create virtual accounts in an easy and seamless manner. This service supports account opening in a fast and intuitive manner. A user does not have to part...

Orange, the largest telecoms operator across France, has announced that it has entered strategic talks with the BNB Paribas bank. The goal of these discussions is to bring online retail banking clients to Orange Bank under BNB Paribas. BNB Paribas...

The US Treasury Secretary, Janet Yellen, is set to hold discussions with China about the need for the two countries to manage their relationship and work jointly to address global challenges. Yellen is set to tour China between July 6...

Electric vehicle manufacturer, Tesla, has announced that it delivered a record number of vehicles during the second quarter. The figure provided by the EV maker topped market estimates amid price cuts and federal credits by the US government. Tesla surpasses...

United Malt Group, which is a firm based in Australia, has said that it has secured an agreement deal for AUD 1.5 billion, equivalent to $999 million. The takeover deal has been offered by Malteries Soufflet, which is a division...

Singapore’s financial market regulator, the Monetary Authority of Singapore (MAS), recently proposed new measures that will affect the Digital Payment Token (DPT) service providers. According to the new rules, DPT service providers could end up obligated to safely keep customers’...

The UK is about to integrate its Consumer Duty by the end of the month, which requires the local CFD brokers to meet the necessary requirements in order to continue operating. However, after the country’s financial watchdog, the FCA questioned...