Markets

HSBC UK has introduced a new saving feature on its banking application. The financial service company launched the Savings Goals service to assist customers in identifying, managing, and planning their saving goals. Customers who use the application can select from a...

UBS is striving for a quick and seamless IT incorporation with recently purchased Credit Suisse, transferring only 10% of its former competitor's 3000 applications. The company acquired Credit Suisse, its fellow Swiss financial institution, in an urgent rescue in 2023. It anticipates...

Money-moving fintech TabaPay has withdrawn from a deal to purchase the assets of bankrupt Banking-as-a-Service platform Synapse. A spokesperson from TabaPay has informed the press that the company has sent a “termination notice of the deal to buy the assets due...

Fintech Farm, a financial technology company headquartered in London, has just concluded its latest funding round. The company has raised a staggering $32 million in funding. The investment consists of an initial Series B round conducted by Nordstar, a London-based...

Western Union reopened its money transfer operations to Cuba on Thursday. Its services were paused in January after the Cuban government disclosed a “cybersecurity incident” impacting its banking mechanisms. Its operation has been halted since January 28, a couple of...

Gary Gensler, the Securities and Exchange Commission Chairman, has stated that the cryptocurrency industry has failed to provide investors with adequate disclosure. He stated that the traditional financial space offers more disclosure to investors than the cryptocurrency sector. Gensler's remarks...

Wells Fargo has introduced its most recent product for business operators, the Signify Business Cash World Elite Mastercard. It is designed to cater to the needs of the cash rewards corporate credit card industry. This innovative card seeks to offer...

The US Payment Systems Regulator is looking into expanding its scam reimbursement rules to cover transactions made through the high-value payments network of Chaps. In June 2023, the payment systems regulator released its policy mandating payment companies to compensate victims...

Google Wallet has been launched in India, but the current Google Pay app will continue to serve as the primary platform for all payment-related activities in the country. The Wallet app will allow users to access gift cards, public transport...

A variety of leading financial services companies in the US - such as Visa, JP Morgan, and Citi - are participating in a Regulated Settlement Network (RSN) proof-of-concept. The purpose of this initiative is to investigate multi-asset settlement utilizing shared...

Lloyds Banking Group has announced a strategic collaboration with Red Hat. The purpose of this alliance is to create a program aimed at driving the utilization of open-source software throughout its engineering units. Lloyds instituted an Open Source Programme Office...

In October last year, Saxo Bank had a boost in client engagement leading to $375.5 billion. Nearly one-third of this amount came from the forex (FX) market, which saw lower volumes compared to the last three months of 2023. Saxo...

Tide announced it would provide business accounts in Germany, signaling the start of the firm's expansion into Europe. This action is carried out in partnership with payments platform Adyen, which is leading its banking-as-a-service solution to help small and medium-sized...

The Chief of the Financial Conduct Authority (FCA) has been called to parliament to provide reasons why progress on the watchdog’s ‘naming and shaming’ project hasn’t been suspended. To act as a deterrent, the UK's financial regulatory body recently suggested...

BlueSnap, a payment processing company, has agreed to pay $10 million in settlement to the Federal Trade Commission. The company was charged after it was caught processing payments for fraudulent and deceptive companies. The charges have thrown BlueSnap into the...