OpenPayd Joins B2C2 To Streamline Global Fiat Settlements
B2C2, a major company in digital trading, announced that it is adding OpenPayd’s financial tools to its network for instant settlements. This move, the company stated, will improve how quickly payments are handled globally. According to the update, B2C2 is...
Viverno Receives Ban From Offering Trading Services As Its CySEC License Is Forfeited
The Cyprus Securities and Exchange Commission has taken away the license of Viverno Markets Limited, a company that was once named BDSwiss Holding Limited. The regulator said Viverno held a special license in Cyprus and gave brokers support with liquidity...
CySEC Imposes €30,000 Fine On Plum For Financial Violations
The Cyprus Securities and Exchange Commission (CySEC) has slammed a €30,000 fine on Plum, a smart money app, for breaking several rules related to "prudential requirements." According to CySEC, the fine followed an inspection that found Plum Money CY Limited,...
Western Union Acquires Singapore’s Mobile Wallet Dash From Singtel
Singapore’s telecom giant Singtel has reached an agreement to sell its mobile wallet, Dash, to Western Union, a United States financial services company. The sale is part of Singtel’s business strategy to simplify its operations. The deal is still pending...
FCA Unveils Key Findings On Workplace Culture And Misconduct
The FCA shared important findings from its survey about workplace culture and non-financial misconduct. This survey looked at how companies find and manage bad behavior at work. In February 2024, the FCA sent a questionnaire to 1,028 firms that provide...
PrimaryBid And BUX Team Up To Bring Retail IPOs To Belgium And Netherlands
BUX, which is part of ABN AMRO Bank N.V., reported that it is the first partner in Europe to use PrimaryBid’s new capital markets platform. This platform will let retail investors in Belgium and the Netherlands take part in IPOs...
Bitcoin Moves Closer To Legality As Pennsylvania House Passes Crypto Bill
The US State of Pennsylvania recently became one of the states to pass a new law aimed at making things clearer for people in the world of cryptocurrency, according to reports. This bill came out as the federal government still...
SEC Takes Action Against J.P. Morgan Securities And Investment Management
The Securities and Exchange Commission (SEC) announced that it charged J.P. Morgan Securities LLC (JPMS) and J.P. Morgan Investment Management Inc. (JPMIM), two parts of JPMorgan Chase & Co., in five enforcement cases. These charges include failures to disclose information...
Interactive Brokers Group Reports Strong Growth In October Metrics
Interactive Brokers Group shared its financial numbers for October, showing growth in important areas compared to the previous month and same period last year. The firm reported Daily Average Revenue Trades (DARTs) of 2.82 million, which is a 46% increase...
Match-Trader Unveils Innovative Trading Tournaments And Social Enhancements
Match-Trader has launched prop trading tournaments and introduced new features on its platform. These updates include automatic payment conversions. According to the company’s statement, the platform now has tools to improve the trading experience. This includes new API endpoints for...
Tehanu Makes History With Groundbreaking ‘Interspecies Money’ Transfer
An African-based tech startup, Tehanu, has completed its first “interspecies money” transfer. This lets people send money through digital wallets to help protect mountain gorillas in Rwanda. This is the first transfer of its kind. Tehanu’s platform helps workers earn...
Dukascopy Debuts Money Market Products Targeting Stable Returns
Dukascopy Bank is introducing new money market investment products just in time for its 20th anniversary. These products are called Interest USD, Interest EUR, and Interest GBP, and they provide annual interest rates of 5.70%, 4.03%, and 5.45%. The rates...
New Rules Disrupt Norway’s Progress Toward Becoming The First Cashless Economy
Norway has been progressing toward becoming the world’s first cashless economy, but these efforts hit a major roadblock with the country’s Parliament passing new rules. Norway’s Stores Must Not Discriminate Against Cash Users The new rules now oblige shops in...
CFPB Facing Lawsuits Over New Banking Rules As Financial Institutions Argue It Overstepped Its Authority
The Consumer Financial Protection Bureau (CFPB) recently introduced new open banking rules that would allow consumers the right to instruct their banks to transfer their financial data to other institutions at no extra charge. Now, the banks are pushing back...
The FCA Is Cracking Down On Finfluencers Who May Be Offering Products Illegally
The UK financial regulator, the Financial Conduct Authority (FCA) started another crackdown on the so-called “finfluencers” — social media personalities who are offering financial products on popular social networks. Right now, the regulator is interviewing around 20 influencers under caution...