Markets

The global fintech leader Revolut announced earlier today, November 24, that it managed to complete a fundraising process, establishing $75 billion valuation. The company concluded a share sale with the transaction led by Coatue, Greenoaks, Dragoneer, and Fidelity Management &...

The UK Department for Science, Innovation, and Technology announced billions of pounds in investments for AI innovation last week. In its press release, the Department said that AI will power national renewal as the government announces billions of additional investments...

The Options Clearing Corporation (OCC) recently announced that it has rolled out Amazon Web Services Generative AI technology to streamline development workflows. The OCC, which is the largest equity derivatives clearing organization in the world, said that the implementation of...

Interactive Brokers has announced the launch of the Karta Visa Card, giving users an alternative way to spend directly from their brokerage accounts. The move is aimed at expanding the broker’s presence in personal finance. The new card will integrate...

SIX Group says it will be integrating a shared trading platform across all its exchanges, including Aquis, Bolsas y Mercados Españoles, and SIX Swiss Exchange. This comes a year after SIX completed the acquisition of London-based Aquis Exchange. The deal...

Polish fintech firm XTB is planning to stop its operations in Brazil less than a year after it was gained a license to offer its services in the country. XTB stated that these measures have complicated the market for foreign-based...

Trump-linked Truth Social will make history as the first social media platform to offer prediction market trading. The development comes following a partnership with Crypto.com’s regulated exchange, CDNA. The deal will enable users to trade contracts on sports outcomes, commodity...

D Prime, the retail and institutional brokerage arm of Doo Group, seems to be leaving its office in Limassol after laying off some of its workers. An employee disclosed that the company had alerted its workers that it would be...

Saxo UK is collaborating with BlondeMoney to support investors in preparation for next month’s Chancellor’s Autumn Budget. The partnership, according to Saxo, will offer guidance as the market responds to potential fiscal changes. BlondeMoney, founded in 2016 by Richard Brownlees...

Mt. Gox, one of the pioneers of crypto exchanges, has shifted the repayment of its creditors to a one-year period. The inoperative Bitcoin exchange announced that the new date for its repayment is October 31, next year. A recent report...

Coinbase and Citi have partnered to simplify fiat-crypto payments for institutional clients, aiming to make fund transfers more efficient and expand access to Coinbase’s payment infrastructure. Although details about the deal are still sketchy, the two companies plan to provide...

HSBC Holdings will set aside $1.1 billion from its third-quarter revenue after a Luxembourg court ruling related to a lawsuit stemming from Bernard Madoff's Ponzi scheme. This adds to the bank’s growing list of costly legal provisions. The charge follows...

Papal has integrated Mastercard’s agentic payments platform to enable AI agents to complete transactions on behalf of their customers. Mastercard says the collaboration will allow tens of millions of merchants and hundreds of millions of consumers globally to enable agents...

Robinhood Markets has launched futures trading in the UK, adding over 40 CME Group contracts to its platform. According to the California-based fintech giant, the move is intended to expand its operations beyond its home market. Robinhood noted that the...

Jeel has revealed a partnership with Mambu, a cloud-native core banking platform, to enhance the fintech and banking-as-a-service networks in Saudi Arabia. Jeel is Riyal Bank's technology and innovation subsidiary. The partnership, powered by the recently launched Jeel Sanbox, will...