Markets

GCEX, a company that provides digital asset and foreign exchange services, has introduced a new tool called XplorAllocate. The company said this tool helps investors and fund managers handle trade allocations automatically. According to report, XplorAllocate lets users place trades...

Global fintech investment dropped to $95.6 billion across 4,639 deals last year, reaching its lowest level since 2017, according to KPMG’s latest Pulse of Fintech report. KPMG said investors faced tough economic times and problems in different parts of the...

IBM and Alinma Bank announced that the Saudi Arabian financial institution has adopted IBM’s hybrid cloud and artificial intelligence technologies. This step aims to improve Alinma Bank’s IT systems and introduce a new Application Programming Interface (API) platform, supporting Saudi...

UK financial regulators have announced they will support the Competition and Markets Authority (CMA) in its broader investigation into Apple and Google’s dominance in the digital wallet market. Last month, the CMA began checking if Apple and Google have too...

eToro, the trading and investing platform, announced that its EU subsidiary, eToro (Europe) Ltd, has been granted a permit by the Cyprus Securities Exchange Commission (CySEC). This permit is subject to the required notifications to all EU member states. Once...

Pulse, a new startup from San Francisco, has exciting news to share. It has raised $3.9 million in new investment to boost its growth. The company said the funds came from leaders like Nat Friedman and Daniel Gross. Other supporters...

Trevi, a newly launched e-payment and loyalty app, is bringing exciting changes to Egypt’s digital finance world. The company said it aims to provide smooth, safe, and rewarding ways to pay for everyday purchases. With more individuals using digital payments,...

Spotware, a top technology company and the team behind the cTrader platform, shared news about its new work with Hoorah. Hoorah is a trading group that helps people trade in a fun and easy way. The company said this step...

The Australian Transaction Reports and Analysis Centre (AUSTRAC) said that it had taken action against 13 remittance and digital currency exchange firms. The regulator is also looking into more than 50 other firms in the same industry. It explained that...

Standard Chartered has teamed up with Animoca Brands and HKT to roll out a new stablecoin backed by the Hong Kong dollar. The company has worked with stablecoin issuers around the world, giving the joint venture access to its banking...

Lloyds Bank has joined hands with fintech platform Doshi to help young people learn about money in a fun way. The bank has started a new six-month pilot to teach financial skills to people aged 18 to 24. The goal...

Federal Reserve Financial Services (FRFS) has shared a new date for the shift to the ISO 20022 message format for the Fedwire Funds Service. The bank said the change was first set to happen on 10 March, but it has...

The European Securities and Markets Authority (ESMA) has shared its Final Report on how to handle conflicts of interest for crypto-asset service providers. In the report, ESMA said that problems do not come from an overlap of interests alone. Instead,...

Standard Chartered Bank (Hong Kong) Limited (SCBHK), Animoca Brands, and HKT have joined hands to start a new project. It plans to apply for a license from the Hong Kong Monetary Authority (HKMA) to launch a stablecoin backed by the...

BBVA has launched an improved version of its virtual assistant, Blue. This assistant, available in the bank’s app, now offers better help for customers. It can understand natural language more easily and provide information about finances. It can also complete...