Markets

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...

Contracts for differences (CFDs) provider, CMC Markets, has announced the acquisition of more stakes in StikeX Technologies, a blockchain company. According to CMC Markets, its stake has increased from 33% to 51%, making it the major shareholder in the company....

Just a few months after Argentex nearly collapsed, its ex-Chief Executive Officer, Harry Adams, has returned to the foreign exchange (FX) space with a new company called Tenora. Based in London, Tenora aims to transform how businesses handle currency risk...

David Woliner has taken on a new role at Rapyd, a global payments company that provides fintech services to businesses. He now works as Senior Payments Legal Counsel. In a LinkedIn post, Woliner said he is excited to begin this...

Notesco UK Limited, the firm behind the brokerage brand IronFX in the United Kingdom, reported a notable increase in revenue for the period ending 31 December last year. The company’s revenue reached $1.44 million, more than double the $702,000 recorded...

DogeOS, a platform designed to improve how developers and users interact with Dogecoin, has announced the completion of a $6.9 million a funding round. The company revealed that the investment was led by Polychain Capital, a well-known digital asset investment...