Markets

The Financial Conduct Authority (FCA), UK’s financial regulator, recently published the final report regarding the wholesale data market. The regulator noted that it found room for improvement during its investigation of the market conditions. However, ultimately, the FCA decided to...

Payments giant Mastercard recently revealed a new partnership with a digital payments technology company Loop in order to offer advanced new services in Saudi Arabia. According to the company, the partnership will provide consumers and businesses with expanded access to...

The Center for Finance, Innovation, and Technology (CFIT) recently published a report involving open finance and the potential benefits that it could bring. According to the Center’s CEO, Ezechi Britton, open finance could boost the UK GDP by around ₤30.5...

Japan has been one of the most forward-thinking and progressive nations when it comes to its willingness to accept the crypto industry. For years now, its government has been taking a positive approach to emerging crypto concepts, trying to regulate...

Finnish financial technology firm Enfuce Financial Services recently managed to secure an Electronic Money Institution (EMI) license in the UK. The license was granted by the Financial Conduct Authority (FCA), the country’s financial regulator. With the regulatory approval from the...

One of the leading crypto exchanges, Kraken, just unveiled a new brand dedicated to offering crypto solutions tailored specifically for institutional clients. The new Kraken Institutional will include hedge funds, high-net-worth individuals, and asset managers. Kraken Institutional aims to satisfy...

Pav Gill, the whistleblower who helped unveil money laundering and fraud surrounding the German payment processor Wirecard, now launched a new platform called Confide. The platform is meant for corporate employees and shareholders, allowing them to anonymously reveal corporate missteps...

Barclays, one of the leading UK banks, recently published its annual contactless trends reports for 2023. The report’s New Consumer Spend data revealed that 2023 was a record-breaking year for “touch and pay,” and also the year with the fastest...

Eight months after launching operations in the UK, the New York-based investing platform Public.com finally decided to give up on trying to win over the UK retail trading market. Despite its initial optimism, the platform had decided that competition in...

Google recently decided that Google Pay, its long-running payment app, will stop operating in the United States as of June 4. Instead, users will have to switch to Google Wallet, its other payment app that allows users to connect their...

The European Union Council recently adopted new rules involving instant payments that rely on the euro. The move will empower the local fintech firms, and challenge the dominance of US payments giants Visa and Mastercard, thus ensuring the creation of...

One of the leading UK banks, Lloyds, recently became the first bank in the country to enter into a partnership with WaveBL electronic trade documentation platform. Because of the deal, Lloyds’ clients will now be able to transfer blockchain-based Bills...

Berenberg, an old-guard German bank headquartered in Hamburg, recently outlined its expansion plans, not only for its native Germany but also for the UK. The 433-year-old bank’s recent financial results published earlier today revealed that one of its goals also...

Finnish neobank known as Salso Bank recently managed to officially expand into Sweden and commence operations in the country. The bank is offering interest rates of as much as 5% for a year’s deposit, beating all local competition. Despite the...

A long-awaited Finance Magnates Africa Summit (FMAS:24) has recently been rescheduled and is now to take place between May 20 and 22. While being the most anticipated event in Africa in 2024, it had to be rescheduled due to national...