Markets

Lloyds Banking Group has responded to the mounting pressure on banks to create rules around their use of artificial intelligence tools by picking Magdalena Lis as its head of 'responsible' AI. This comes after the bank hired Dr. Rohit Dhawan,...

There was a 44% jump in job openings in the UK fintech industry in 2024, helped by venture capital money and AI, according to a study by Morgan McKinley. Fintech vacancies reached 12,519 last year, up from 8,672 in 2023,...

The Bank of New York Mellon Corporation (BNY), a company that provides financial services, shared news about hiring Carolyn Weinberg as its Chief Solutions Innovation Officer. The company said she would start working on February 3 and join the BNY...

TeamSec, the world’s first AI-powered securitization platform, wants to change the structured finance industry. It offers securitization-as-a-service, making the process easier and more transparent for financial institutions and investors. Deniz Ventures, the venture capital fund of DenizBank, and Rasmal Ventures,...

The US Securities and Exchange Commission (SEC) has agreed to the 19B-4 request for Bitwise’s Bitcoin-Ethereum exchange-traded fund (ETF). This choice brings NYSE Arca closer to letting people buy and sell shares of the fund. In its message, the SEC...

Bitfarms Ltd., a Bitcoin mining company listed on Wall Street, has hired two consulting firms, Appleby Strategy Group (ASG) and World Wide Technology (WWT). These firms will look at how possible it is to add high-performance computing (HPC) and artificial...

XTB finished 2024 well, showing good financial and business results. The online trading company also got many new clients, adding almost 500,000 in one year, an increase of 59.8%. This big increase helped push revenue up by 15.8%, and net...

Swan, a French startup, has raised €42 million in funding to help its business grow. This is the second part of the Series B funding that started in September, two years ago. The funds will be used to expand Swan’s...

Euroclear has shared exciting news. It is teaming up with Microsoft for a new partnership that will last for seven years. The goal is to ensure Euroclear services are improved and better. The two companies plan to use Microsoft’s smart...

Santander UK's Board Chair person has publicly announced that he would be resigning from the bank. Report revealed that William Vereker will be stepping down this year 2025, immediately after an in-depth appointment process and proper handover have been finalized....

UBS carried out a large data change to help build two special AI assistants, named UBS Red. Built with Azure OpenAI Service and Azure AI Search, these AI tools help client advisors when talking to customers. UBS Red works in...

It has been a year since Bitcoin ETF finally emerged in the US, and only a short time later, Ethereum ETF also emerged on US stock exchanges. Now, companies that managed to push the previous two crypto funds are entering...

The Cyprus Securities and Exchange Commission (CySEC) has shared a new plan to help the Cyprus Stock Exchange (CSE). The goal is to bring back investor interest and help businesses grow. CySEC wants the stock exchange to play an important...

Formance, a company that provides open-source financial tools, has received $21 million in a Series A funding round. The company plans to use this money to grow its Ledger and other solutions that help developers create financial systems and products....

Delta Capita, a company that works with financial technology and services, has signed a long-term deal with HSBC. The firm said the new agreement will help HSBC handle global OTC derivatives. The goal is to improve HSBC’s services and give...