Markets

Santander Corporate & Investment Banking has secured a stake in the world’s largest trade finance network, Komgo. The investment is aimed at accelerating the digital transformation of trade and working capital products at Santander. Santander invests in Komgo Santander has...

Deutsche Bank is slated to complete the merger of its IT platforms with Postbank customers this weekend. The planned integration might see some customers at the bank being unable to access some of the bank's services. Deutsche Bank to complete...

Canadian-based Bitcoin mining company, HIVE Blockchain Technologies Limited, has reported an around 50% decline in revenues for the 2023 financial year that ended on March 31. The revenues reported by the company during the period reached $106.3M, marking a massive...

Saxo Bank has announced the sale of its stake in Saxo Fintech, a regulatory technology company. The stake has been sold to the company's largest shareholder, Geely Holding Group. Saxo Bank sells stake in Saxo Fintech Geely Holding Group is...

Invest Inc, a fintech and advertisement technology company, has unveiled a new Machine Learning investment research platform. This platform will allow investors to access AI-powered technology that will help them make investment decisions. Invest unveils a new AI tool Invest...

Revolut, a neobank based in London, is increased the suite of products and services that it supports. The neobank has announced the release of a robo-advisor that will be integrated into its super app. The app will be available to...

Mizuho Financial Group has said that it will provide access to the Azure OpenAI service by Microsoft for all the employees of the banks based in Japan. Mizuho has become among the first representatives of the Japanese financial sector to...

The Prosus investment company has said that it will be selling PayU. The tender for the purchase has been given to Bank of America. Fintech companies are now competing for the tender process amid plans to close the acquisition deal....

The European Commission has released its legislative plans around a digital euro. The commission has said it plans to see the digital euro used to make free digital payments across Europe. European Commission Releases a digital euro bill The legislative...

Capitolis is taping the optimization solution that is offered by the British clearing house known as LCH. This solution will allow banks to optimize the risk management process across the FX industry. The main focus of the offerings will be...

Online brokerage platform Robinhood Markets has announced plans to lay off around 150 full-time employees. The number is equal to 7% of the company’s total workforce. The recent development marks the third round of layoffs by the company in over...

Sendwave, a fintech company that specializes in global remittance services, has said that it will allow existing users to access an FDIC-backed checking account. This account will be accessed using a new service that is known as Sendwave Pay. Sendwave...

The shareholders of Nissan have re-elected the chief executive and other nominees of the board at an annual meeting that happened this week. The shareholders’ decision comes amid reports of an internal conflict among senior management and claims of corporate...

Hut 8, a Bitcoin mining company based in Canada, has obtained a $50M credit facility from Coinbase Credit. The latter is the subsidiary of the Coinbase cryptocurrency exchange based in the United States. Hut 8 gets a $50M credit facility...

Retail investors are increasingly becoming concerned about the economic climate. Retail investors are currently worried about the slowdown across the domestic economies. The concerns come amid fears of inflation and the effect of geopolitical conflicts. eToro says retail investors are...