Markets

Mizuho Financial Group has said that it will provide access to the Azure OpenAI service by Microsoft for all the employees of the banks based in Japan. Mizuho has become among the first representatives of the Japanese financial sector to...

The Prosus investment company has said that it will be selling PayU. The tender for the purchase has been given to Bank of America. Fintech companies are now competing for the tender process amid plans to close the acquisition deal....

The European Commission has released its legislative plans around a digital euro. The commission has said it plans to see the digital euro used to make free digital payments across Europe. European Commission Releases a digital euro bill The legislative...

Capitolis is taping the optimization solution that is offered by the British clearing house known as LCH. This solution will allow banks to optimize the risk management process across the FX industry. The main focus of the offerings will be...

Online brokerage platform Robinhood Markets has announced plans to lay off around 150 full-time employees. The number is equal to 7% of the company’s total workforce. The recent development marks the third round of layoffs by the company in over...

Sendwave, a fintech company that specializes in global remittance services, has said that it will allow existing users to access an FDIC-backed checking account. This account will be accessed using a new service that is known as Sendwave Pay. Sendwave...

The shareholders of Nissan have re-elected the chief executive and other nominees of the board at an annual meeting that happened this week. The shareholders’ decision comes amid reports of an internal conflict among senior management and claims of corporate...

Hut 8, a Bitcoin mining company based in Canada, has obtained a $50M credit facility from Coinbase Credit. The latter is the subsidiary of the Coinbase cryptocurrency exchange based in the United States. Hut 8 gets a $50M credit facility...

Retail investors are increasingly becoming concerned about the economic climate. Retail investors are currently worried about the slowdown across the domestic economies. The concerns come amid fears of inflation and the effect of geopolitical conflicts. eToro says retail investors are...

Google Cloud has unveiled another AI-powered product. After Google previously released MusicLM — a music-generating AI service, it now created an AI-powered tool for combating money laundering. The new AML service will supposedly be able to help with detection of...

Trade Nation has joined the list of brokerage companies that are expanding their presence in the market by securing sports sponsorship deals. The FX and CFDs broker has secured a new partnership deal with an English football club known as...

Multi-asset brokerage company, CFI Financial Group, has announced a partnership deal with AK Financial. The partnership will enable the company to expand across the Middle East and North Africa (MENA) region. CFI Financial partners with AK Financial The partnership between...

The Robinhood exchange has announced a plan to acquire X1 Inc. The latter is a fintech company that provides access to credit cards for $95M in cash. This acquisition deal is slated to close during the third quarter. Robinhood to...

Italy just became the newest country to enter the CBDC race by launching its own central bank digital currency pilot program. The program was actually launched by the Bank of Italy, and its goal is to assess the viability of...

Earlier today, June 26th, a pan-European stock exchange Euronext announced that it will sell its stake in LCH SA. The exchange holds an 11.1% stake in the major clearing house, and it decided to sell it all to LCH Group...