Markets

SC Ventures, the innovation arm of Standard Chartered, has joined hands with Yabx Technologies, a company connected to Tech Mahindra, to launch a new lending platform called Furaha. Together, they have invested $10 million in this project. According to the...

IG Group has shared its financial results for the six months between June and November 2024, as it rolled out a new decentralized system. The firm is now earning more revenue from over-the-counter (OTC) trades in the Middle East and...

The Bank of London Group has been warned by UK’s tax office two days after its boss, Anthony Watson, stepped down as the firm’s Chief Executive Officer. His Majesty’s Revenue & Customs (HMRC) asked for the bank to be shut...

The UK’s Financial Conduct Authority (FCA) shared concerns about brokers in wholesale firms and warned these companies to follow strict rules to protect the fairness of markets. The FCA sent a letter to company leaders, sharing its worries about issues...

Card payment giant Visa has partnered with Moniepoint to assist small businesses in Africa. The aim of the partnership is to bring more businesses into the digital world, support businesses across the globe and increase access to financial services. However,...

PayPal has agreed to pay $2 million to settle charges in New York State after cybersecurity problems at the company caused customers' social security numbers to get exposed. The New York State Department of Financial Services (NYDFS) found that PayPal...

OKX, a leading global blockchain tech company, has received a Markets in Crypto-Assets Regulation (MiCA) pre-approval. This license lets people in the region use OKX's safe and approved crypto exchange services. These include spot trading, OTC trading, and bot trading...

Payment company Fiserv said Michael P. Lyons will be the next Chief Executive Officer, replacing Frank Bisignano. Bisignano was chosen by President Donald Trump to lead the Social Security Administration last month. Lyons, who is now the president of PNC...

The Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) have announced new steps to improve Open Banking in the UK. They said these changes will help people and businesses with their payments. One of the key ideas is...

eToro has partnered with Stocktwits to improve how regular traders can access the financial markets. This partnership links Stocktwits’ community with eToro’s trading platform, giving investors new tools to use worldwide. Stocktwits’ boss, Howard Lindzon, said he is happy to...

Coinbase has asked the Second Circuit Court of Appeals to decide if trades on its platform follow federal rules about securities. The request is meant to clear up confusion for the huge crypto industry, banks, and other users. According to...

Algo trading firm XTX Markets is committing €1 billion to construct a huge data center in Finland to help its expanding use of machine learning. XTX Markets handles over $250 billion in trades each day, using machine learning to review...

Ramp, a platform for automating business finance, revealed a new product called Ramp Treasury. According to the company, Ramp Treasury helps businesses earn more money on their idle funds without losing easy access to them. Ramp now has a new...

Fintech investment in Europe rose by 10% last year, reaching $8.7 billion, according to data from Dealroom.co. The rise in funding came after $7.9 billion was raised two years ago. Investments from companies such as Monzo, WorldRemit, Sequra, and Alan...

One Global Market (OGM), a UK-based contracts for differences (CFDs) broker, reported that its revenue for the year ending 30 September 2024 was £531,342. This was a 34.1% drop from the previous year’s earnings of £791,791. The information was shared...