Markets
UK FCA decides not to take action against Odey Asset Management regarding allegations of sexual misconduct
The UK’s financial watchdog, the Financial Conduct Authority (FCA), recently decided that it will not take action against Odey Asset Management (OAM) regarding allegations of sexual misconduct. OAM investigation concluded, but the Odey probe remains active OAM is the fund...
SIX Swiss Exchange launches ETF QOD Europe to improve trading experience
SIX Swiss Exchange, a firm that has spent more than two decades in the ETF industry, recently launched ETF QOD Europe. The firm said that the new product will provide a more comprehensive trading experience. According to reports, the new...
Fiat Republic raises $7 million in a seed funding extension round
A BaaS startup known as Fiat Republic recently concluded a seed funding extension round after raising a total of $7 million. The company, whose goal is to simplify the process of connecting crypto platforms with bank transfer networks, now intends...
IOSCO sets out nine policy recommendations addressing issues tied to DeFi
The International Organization of Securities Commissions (IOSCO), the international securities regulator, recently issued nine policy recommendations specifically designed to address issues tied to the DeFi sector. The recommendations primarily target the integrity of the market, as well as investor protection...
Bunq rolls out its own generative AI chatbot to answer any money-related questions
Bunq, a Dutch fintech and neobank, recently rolled out its own generative AI chatbot. According to the company, the new GenAI platform was launched in order to provide current and future customers with answers to any questions related to money...
Nth Exception launches Nucleus — an ML data fabric meant to ease ISO 20022 adoption
Nth Exception, a fintech firm based in the UK, recently announced the launch of Nucleus — its machine learning (ML) data fabric meant to ease the adoption of ISO 20022 for financial institutions. How can Nucleus help? Nucleus is led...
Elon Musk’s X now holds a payment processing license in 13 US states
Elon Musk’s X, the social media platform formerly known as Twitter, has received approval to provide payments services from 13 US states so far. However, the platform is pursuing licenses from other states, as well, and is likely to receive...
Thousands of Bank of Ireland UK customers likely affected due to inaccurate data
In a recent report, the Information Commissioner’s Office (ICO) found that the Bank of Ireland UK shared flawed customer data with various credit reference agencies and other entities. The inaccurate information may have affected 3,284 customers, causing irreparable damage. https://twitter.com/ICOnews/status/1735615893189579031...
FCA’s second debanking review reveals NatWest’s possible rule violations
The UK’s Financial Conduct Authority recently concluded its second debanking review of NatWest, one of the major banks operating in the country. According to the review, there are signs that NatWest has potentially violated the FCA regulation. The second review...
US SEC rejects Coinbase’s petition for crypto-specific regulations
The US Securities and Exchange Commission (SEC) has officially denied Coinbase’s petition for crypto regulations. The regulator has long claimed that the crypto industry is well-regulated with the securities regulations, which fits the SEC’s claims that cryptocurrencies are securities. However,...
TMX Group Limited to acquire a 78% stake in VettaFi Holdings for $1.15 billion
TMX Group Limited recently announced its intention to acquire the remaining 78% stake in VettaFi Holdings LLC. The owner of the Toronto Stock Exchange said that it will acquire the remaining stake for $1.15 billion (CAD $1.4 billion). https://twitter.com/NateGeraci/status/1735166415819395312 TMX...
AXA Investment Managers Complete First Live Market Transaction Using Stablecoins
AXA Investment Managers (AXA IM) has announced the completion of the first market transaction using stablecoins. The transaction in question involved CoinVertible (EURCV) stablecoins issued by Societe Generale. These stablecoins were issued as part of a new joint experimentation by...
PwC Signs Deal As A Strategic Implementation Platform For Starling Bank’s SaaS Engine
PwC has announced a strategic alliance with Engine by Starling. The latter is a software-as-a-service subsidiary of Starling Bank. Engine will make modern banking technology accessible to banks around the world. This Engine platform powering Starling Bank is modular, API-based,...
UK MPs Urge the Bank of England to Address Data Privacy and Financial Stability Risks of Digital Pound
Legislatures across the UK are urging the Bank of England to address the concerns around data privacy and financial stability before launching a digital pound. The Treasury Committee believes that prevalent risks around a retail CBDC need to be addressed...
Standard Chartered Launches BNPL Option for Consumers across APAC
Banking giant Standard Chartered has secured a regional partnership with VISA to make installment payment options readily available to credit cardholders in the APAC region. This partnership is made possible by the VISA Instalment Solution. The Visa Instalment Solution will...
