Markets

A Swedish court of appeal has ruled that Klarna, a Swedish payments group, has been fined 7.5 million crowns ($733,324) for violating the EU's General Data Protection Regulation (GDPR). The court stated that Klarna had failed to provide sufficient information...

Mastercard has rolled out an open banking-driven subscription management tool that banks can integrate into their applications. According to a survey conducted by Mastercard, 73% of individuals cited that they would love to use a tool that would assist them...

The Hong Kong Monetary Authority (HKMA) recently started a new wholesale central bank digital currency (wCBDC) project. The goal is to render support to the development of the tokenization market in the region. The launch of ‘Ensamble’ According to HKMA,...

The leading trading and investment app Robinhood recently announced a new partnership with a sports agency firm KLUTCH Sports Group. The team-up will allow Robinhood to move into the sports and entertainment sectors, with KLUTCH Sports Group’s Property Sales division...

NatWest, one of the UK’s leading banks, has announced that it will ditch its Buy Not Pay Later (BNPL) service. The bank, featuring over 18 million users, said that it will start the closure of BNPL accounts starting on May...

Recently, the Bank of England faced criticism from an independent review that commented on “nervousness” when it comes to adopting new technology. In response, the BofE announced that it is building a cloud-based data and analytics platform, A new cloud...

In a new court filing, Chief Operating Officer (COO) of Binance.US, Christopher Blodgett, shared the difficulties that the exchange had gone through since the US Securities and Exchange Commission (SEC) filed its lawsuit against Binance last June. According to Blodgett’s...

Online brokerage firm Robinhood launched a 24-hour trading platform known as Robinhood 24 Hour Market last year, in 2023. The idea was to allow traders and investors to trade stocks and ETFs around the clock, and make use of new...

The Australian Securities and Investments Commission (ASIC) recently fined ASX Limited, which operates the Australian Securities Exchange. The company failed to provide adequate pre-trade transparency on its trading platform, and after a thorough investigation, ASIC found that ASX had breached...

Capstack Technologies recently managed to secure a strategic investment from Citi Ventures. The size of the investment was not disclosed, but the move shows that Citi has developed great interest in the company’s innovative approach. Capstack brought transparency and efficiency...

NICE Actimize, a company that helps others assess the risks they face, stay compliant with regulations, and stay ahead of financial crime, recently launched a new cloud-based solution called ARCHIVE-X. This is a product designed for financial services companies, offering...

Blue Ocean Technologies and GTN recently announced a new partnership. The two firms teamed up to introduce longer trading hours for US stocks, specifically in the Middle East and Asia Pacific (APAC) markets. As a result of the partnership, US...

Revolut users can now make direct crypto purchases using their existing Revolut accounts thanks to the company’s new integration with MetaMask, a leading self-custodial crypto wallet. The partnership essentially represents a new fiat-to-crypto on-ramp for MetaMask wallets, allowing users to...

JP Morgan recently decided to distance itself from card and payment giants Visa and Mastercard by joining the French payments network called Cartes Bancaires (CB). The move will enable its merchant clients to process card payments without depending on Visa...

Deutsche Borse Group recently went live with a new platform that will allow its institutional clients to engage in the spot trading of crypto assets. The platform is known as Deutsche Borse Digital Exchange (DBDX), and it brings a secure,...