Markets

Troubled banking vendor Temenos has continued to struggle as it tries to bounce back from its turmoil. The company’s shares suffered a massive 33% drop last week following controversies related to the Hindenburg Research. The research alleged that there have...

Garanti BBVA, a Turkish financial services firm, has announced its plan to launch its Bonus Platinum Biometric Card. This card will enable customers to settle financial obligations securely by seamlessly scanning their fingerprints. The card will be accessible to customers...

Singapore’s financial regulator has warned financial institutions against cybersecurity risks linked with quantum computing. Quantum computers function on the ethics of quantum mechanics. They are faster in solving multiple mathematical problems than traditional computers. However, these computers pose a major...

The European Central Bank (ECB) is warning financial institutions to improve their management of outscoring risk, particularly on the processing of personal information. As part of 2024 managerial priorities, the ECB highlights the necessity of institutions in addressing vulnerabilities. These...

The Texas Blockchain Council (TBC) and Riot Platforms, a publicly listed mining firm, have initiated legal actions against the United States Department of Energy (DOE) and other federal bodies. This approach aims to obstruct these entities from unlawful data collection...

Nvidia has released its fiscal performances for the fourth quarter of 2023, revealing an income of $22.1 billion, indicating a 22% increase from Q3 and a 265% surge from last year. The total year income was $60.9 billion, which grew...

Nubank, a financial institution in Brazil, has revealed a remarkable turnaround in its business. The bank came back from a net loss in 2022 to a huge $1 billion net profit in 2023. Its revenues have increased to over $8...

Bhairav Trivedi, the Chief Executive Officer of CAB, has decided to step down within a year after the company’s catastrophic debut on the LSE. Trivedi will resign from his position in March after the release of CAB's yearly results. Neeraj...

Proprietary Trading Company Funded Engineer recently announced that it has begun to distribute trading accounts in advance, according to the platform’s post on Twitter. The firm disclosed that it has already released a lot of trading accounts today and intends...

Money transfer company Wise is appealing to the governmental bodies to provide solutions to weak legislation. This situation has led banks to hide the cost of FX transfer fees charged to medium and small enterprises. Wise expressed dissatisfaction about UK...

Napier AI is a provider of AI-driven financial crime and regulation technology compliance software. The company has announced that it has secured a £45 million financing from Crestline Investors, Inc., a Credit-driven Institutional investment manager based in the US. Napier...

The European Central Bank (ECB) has issued a warning to banks. The ECB stated that banks must improve their management of outsourcing risk, with a high concentration on the use of personal data. ECB Advices Financial Entities To Address Vulnerabilities...

The Monetary Authority of Singapore on Monday warned against quantum computing cyber threats. The financial authority has advised banks to be strong enough to battle the cybersecurity risks caused by quantum computing. Cryptographically relevant quantum computers will begin to pose...

SEI, a financial technology company, is financing Tifin with $10 million. Tifin is a firm overseeing a host of AI-driven technology companies in the wealth and asset management industry. The two companies are forming a strategic alliance to leverage SEI's...

Capital One, a top bank in the US, has acquired Discover Financial Services for $35 billion. It aims to establish the largest US credit card firm by loan volume, thereby increasing the capability of the combined entity to challenge Wall...