Markets

30 January 2025

FCA Issues First Fine Under UK MiFIR For Reporting Failures

The Financial Conduct Authority (FCA) has fined Infinox Capital Limited for failing to report thousands of transactions. The fine is the first one under the UK Markets in Financial Instruments Regulation (MiFIR). The British regulator, according to the update, charged...

29 January 2025

S&P 500 Index Sees A Recovery After The Monday Crash

The start of this week has brought a massive price crash in the stock market, following the release and overnight success of Chinese AI startup, DeepSeek. However, by Wednesday, the recovery has already started, and the S&P 500 Index (US...

29 January 2025

NCA Unveils A Crime-As-A-Service Operation, Charges The Thee Ringleaders

The National Crime Agency (NCA) recently investigated a criminal platform called www.OTP.Agency (one-time passcode). The platform was run by three men — Callum Picari (23) from Hornchurch, Aza Siddeeque (19) from Milton Keynes, Buckinghamshire, and Vijayasidhurshan Vijayanathan (21) from Aylesbury,...

23 January 2025

Vyne To End UK Operations After Acquisition By Tarabut

London-based payments company Vyne has announced that it will stop all its operations in the United Kingdom on April 22. The news comes just months after the firm was taken over by Middle Eastern financial technology company Tarabut. The decision...

23 January 2025

Visa And X Join Forces To Enhance Digital Payments

Social media application X has announced that it has made a deal with Visa before launching a digital wallet and payment service later this year. In a post on the site, X Chief Executive Officer Linda Yaccarino noted that Visa...

23 January 2025

Sustainable Money App Zero Launches For Users

Sustainable money application Zero has gone live for users. It is now letting people invest on Crowd Cube as it begins giving out its debit card, app, and personal current account for nature-loving users. Richard Theo, the Co-founder of Zero,...

23 January 2025

TravelPerk Raises $200 Million and Acquires Yokoy

TravelPerk, a top business travel platform, said it raised $200 million in new funding. The company also shared that it has acquired Yokoy, a leader in AI-powered expense, invoice, and card payment management in Europe. This deal is part of...

22 January 2025

NatWest Funds AI Startup Focused on Financial Protection

NatWest Group has taken a small stake in Serene, a new AI platform focused on helping with financial struggles. Using real-time customer insights powered by AI and behavioral science, the platform spots early signs of money problems and calculates risks...