Markets

One of the leading UK banks, Lloyds, recently became the first bank in the country to enter into a partnership with WaveBL electronic trade documentation platform. Because of the deal, Lloyds’ clients will now be able to transfer blockchain-based Bills...

Berenberg, an old-guard German bank headquartered in Hamburg, recently outlined its expansion plans, not only for its native Germany but also for the UK. The 433-year-old bank’s recent financial results published earlier today revealed that one of its goals also...

Finnish neobank known as Salso Bank recently managed to officially expand into Sweden and commence operations in the country. The bank is offering interest rates of as much as 5% for a year’s deposit, beating all local competition. Despite the...

A long-awaited Finance Magnates Africa Summit (FMAS:24) has recently been rescheduled and is now to take place between May 20 and 22. While being the most anticipated event in Africa in 2024, it had to be rescheduled due to national...

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...