Markets

The Nordic countries, including Finland, Sweden, Norway, Denmark, and Estonia, have shared new plans to create backup systems for card payments. The countries said users can pay with their cards even if the internet stops working. According to reports, many...

Google has announced a new layer of browser protection, integrating its on-device large language model, Gemini Nano, into the latest Chrome 137 release. The company described this addition as a step to strengthen its Enhanced Protection mode under Chrome’s Safe...

Coinbase has shared its plan to acquire Deribit, a leading crypto options exchange, for $2.9 billion. The agreement includes $700 million in cash and 11 million shares of Coinbase’s Class A common stock. The company currently eyes Deribit’s $30 billion...

The International Swaps and Derivatives Association (ISDA) announced that TD Securities successfully integrated ISDA Create into its global suite of client trading and regulatory agreements. This change is part of a bigger industry shift from paper-based processes to digital platforms, aiming to...

London-based online trading giant, IG Group, has introduced a new offer giving UK clients up to 8.5 per cent AER variable interest on uninvested cash. The firm revealed that the offer applies only to new customers opening accounts through its...

Klarna is pulling back from its earlier focus on artificial intelligence after a year of cutting customer service roles. The financial tech company had used AI to reduce its workforce significantly, but it now says real human support is still...

The Financial Conduct Authority (FCA) has given David Geale two major leadership roles. He will now guide digital finance and payments for the FCA, while also becoming the head of the Payment Systems Regulator (PSR). This comes as the government...

Alexander Mashinsky, the former leader of Celsius Network, received a 12-year prison sentence after he entered a guilty plea to two counts of fraud. The decision, delivered by U.S. District Judge John G. Koeltl at the Southern District courthouse in...

Revolut is working with Lightspark to allow faster Bitcoin payments using the Lightning Network. The company said this partnership will help users in the United Kingdom and selected European countries transfer Bitcoin more quickly and with lower fees. Traditional Bitcoin...

The Financial Conduct Authority (FCA) has disclosed the outcome of its most recent review of smaller asset management and alternative investment firms. This review formed part of a supervisory strategy introduced to detect business models that may expose consumers to...

Spain’s leveraged trading market has fallen sharply over the past year, according to a new report by Investment Trends. The number of active FX and CFD traders declined by 10%, reaching just 35,000 by February. This continues a trend that...

XM, a well-known trading platform, is celebrating 15 years of success this year. This milestone marks a special year for the company as it rolls out new promotions, events, and updates for both new and existing clients. To make this...

Corpay has announced plans to invest in AvidXchange Holdings, Inc., teaming up with investment partner TPG in a move that would make the company private. The $10.00-per-share cash deal places AvidXchange’s value at roughly $2.2 billion. As part of the...

BGC Group has reported strong results for the first quarter of the year. In the first three months, the company earned $664.2 million, a 14.8% increase from the same time last year. The company said this happened because more people...

Finom, a banking provider based in the Netherlands, has announced that it has received #105 million in growth funding from Customer Value Fund at General Catalyst. According to the firm, the additional funding will support its customer acquisition strategy across...