Markets

Brian Quintenz announced yesterday that he has been chosen to become the next Chair of the Commodity Futures Trading Commission (CFTC). US President Donald Trump has nominated him for the position, Quintenz said in a post on X. This means...

ATFX Connect’s Managing Director in MENA, Hormoz Faryar, joined Finance Magnates’ Andrea Badiola Mateos at the iFX Expo Dubai. He talked about the company’s plans for growth, its place in the market, and how it uses technology to help clients....

Apple Pay started working with Citi Flex Pay, letting Citi credit card users in the United States pay over time for their Apple Pay buys. The company stated that customers could now buy something costing more than $75 and choose...

Robinhood (Nasdaq: HOOD) saw its share price rise by 15.3 percent after regular trading hours. The trading company had reported revenue of $1.01 billion, which was much higher than the expected $849.06 million. It also earned $1.01 per share, much...

Commerzbank, one of Germany’s largest banks, said on Thursday that it will cut down 3,900 jobs within the next three years. The bank will remove many jobs in Germany but will add workers in other countries. In the end, there...

CommBank has started using a new too called Fraud Indicator to help stop identity theft. This tool was created by Quantium Telstra together with CommBank. According to the update, it looks for unusual mobile phone activity and shares this information...

Cryptocurrency exchange Gemini had picked Malta as its European base. It shared that it had received early approval for an Investment Firm licence from the Malta Financial Services Authority (MFSA). The exchange explained that once it got full approval, it...

Tabby, a well-known buy-now, pay-later company is preparing for a future stock market listing. According to recent reports, the firm has hired three big banks—HSBC, JPMorgan, and Morgan Stanley—to help with the process. However, these plans are still in the...

Lloyds Banking Group, one of the UK’s largest banks, shared plans to lower its worker numbers by about 500 and shut two large offices. It explained that these changes were part of a £4 billion plan to update how it...

Muinmos, a regulatory technology company from Denmark, has promoted Michael Thirer to Chief Legal Officer, adding him to its management team, according to reports. Thirer joined Muinmos four years ago as Commercial Director. In late 2022, he took on the...

The Reserve Bank of India (RBI) has decided to introduce a new online address for Indian banks. This special web address will end with ‘.bank.in’. RBI said this will help protect users from online fraud, improve banking security, and help...

Foreign exchange trading platform 360T has included Quantitative Brokers' (QB) FX algorithms in its forex trading system. These tools help top investors trade currencies more efficiently. Both companies are part of the Deutsche Börse Group. 360T and QB worked together...

iPiD, a payment identity network, teamed up with Microsoft to develop an AI-powered tool for name matching in Verification of Payee (VoP). Name checking has always been key in payments to stop mistakes and fraud. Banks must be sure they...

Shawbrook Bank announced that it now takes less time to handle buy-to-let mortgage offers after changing its old computer programs. The bank used a low-code platform from Pegasystems to do this. Shawbrook explained that the time for a customer to...

Saxo Australia, the Australian branch of Saxo Bank, changed ownership as DMA, a company from Johannesburg, bought most of its shares. On Monday, it was announced that DMA would take 80.1 percent of the business, while Saxo Bank from Denmark...