Markets

The European Central Bank (ECB) has issued a warning to banks. The ECB stated that banks must improve their management of outsourcing risk, with a high concentration on the use of personal data. ECB Advices Financial Entities To Address Vulnerabilities...

The Monetary Authority of Singapore on Monday warned against quantum computing cyber threats. The financial authority has advised banks to be strong enough to battle the cybersecurity risks caused by quantum computing. Cryptographically relevant quantum computers will begin to pose...

SEI, a financial technology company, is financing Tifin with $10 million. Tifin is a firm overseeing a host of AI-driven technology companies in the wealth and asset management industry. The two companies are forming a strategic alliance to leverage SEI's...

Capital One, a top bank in the US, has acquired Discover Financial Services for $35 billion. It aims to establish the largest US credit card firm by loan volume, thereby increasing the capability of the combined entity to challenge Wall...

Stocks in struggling core banking company Temenos remained unsteady as the firm announced full-year results exceeding guidance but predicted slower development in this year's net earnings. Last week, shares in Temenos dropped by 33% following Hindenburg Research's shorting of the...

Xalts, a fintech company backed by Citi and Accel ventures, has purchased Contour Network. The firm acquired this network from a group of international banks, to establish a 'Plaid for Trade' supply chain system. In 2017, a group of eight...

Garanti BBVA, a prominent bank in Turkey, has launched a Mastercard contactless credit card. This innovative card comes with an in-built fingerprint scanner. In other to pay with the bonus Platinum Biometric credit Card, customers can touch a contactless terminal...

Continuous Linked Settlement (CLS), a provider of aggregation services and settlement for the forex industry in New York, has announced a 9.2% year-on-year rise in the volume of its daily traded forex as of January 2024. The report revealed an...

UK Fintech Firm Revenir AI has launched a white-label app to quicken VAT claims. Travelers in the UK will automatically start reclaiming VAT on purchases made overseas through their smartphones. Every year, customers in the UK are unable to reclaim...

PIXEL was launched on Monday morning, but the new token has reached $1.2 billion worth of trading volume, according to CoinMarketCap’s recent data. A few days into its launch, it has now become one of the 10th most traded crypto...

The European Central Bank (ECB) stated that banks are heading in the wrong direction when they worry about the effect of capital outflow from a future digital currency. The ECB stressed that the banks should be more worried about the...

easyMarkets was awarded the Best Forex platform at the 2023 TradingView Broker Awards, adding its 51st esteemed honor to its collection of awards. The firm announced this good news while also celebrating its 23rd year in the industry. easyMarkets Aims...

Major stock exchange-listed FX broker, XTB, has revealed its plan to enter a more competitive market. It aims to provide Individual Savings accounts to users in the UK. This pronouncement was made by the company’s Chief Executive Officer, during a...

Exness had released its metrics for January 2024. The company handled $3.87 trillion in trading volume, indicating an upsurge of 7% from the prior month.  It witnessed an increase in demand last month after two successive months of slowdown. The...

BaFin, the German financial supervisory authority, has initiated an investigation into the illegal actions of an individual operating using the website fx-flat.com. With this website, the individual falsely offers financial services and banking transactions without proper permission from the regulated...