Markets

A digital lender Afin Bank recently secured the regulatory green light that will allow it to start offering savings products and mortgages to African diaspora living and working in the UK. Afin Bank Secures The Necessary License To Start Servicing...

Artificial Intelligence (AI) is faster and more accurate than humans, which is nothing new. In fact, this is why it has been introduced to areas where high-speed and equally high accuracy are essential, such as investing. However, now the results...

The European Central Bank recently started implementing a cross-currency settlement service on the Eurosystem’s Target Instant Payment Settlement (TIPS) service. Connecting Cross-Currency Settlement Service To Tips According to reports, the service will allow any payment originating in one Tips currency...

The Australian financial regulator, the Australian Securities and Investments Commission (ASIC) recently saw its Commissioner Kate O’Rourke confirm that the agency will likely issue a standalone guide regarding low-cost credit contracts which include Buy Now, Pay Later (BNPL).  ASIC Wants...

Morgan Stanley recently introduced a new generative AI-powered assistant called AskResearchGPT. It intends to offer it to staff members, who will be able to use it in surfacing and distilling insights from its massive research library. What Can AskResearchGPT Do?...

Six months after arresting Binance’s executive Tigran Gambaryan and holding him in custody, the Nigerian government finally released him and dropped all money laundering charges. Binance Executive Was Released Due To Declining Health The decision to release the exchange’s official...

Tokenization of money has been a big topic in financial circles for years, and for a long time, central banks have been focused on the positives, as the process truly does bring numerous benefits. However, the Bank for International Settlements...

A recent ruling has decided that consumers in the US will have the right to instruct their banks to transfer their financial data to other institutions in accordance with the banking rules created by the Consumer Financial Protection Bureau. What...

The Association for Finance Professionals (AFP), taking place in Nashville, Tennessee, saw quite intriguing debates on the Convention’s second day when the topic of Faster Payments emerged. However, some have argued that the US maybe doesn’t need Faster Payments. The...

Payments giant Mastercard recently unveiled a new set of tools created to simplify the way people share their financial data with various third parties.  What Can Connect Plus Offer? Mastercard’s new solution is known as Connect Plus, and it is...

The People’s Bank of China (PBoC) is interested in continuing to promote the healthy development of cross-border payments in the principles of openness, cooperation, and mutual benefit. This is what the bank’s deputy governor, Lu Lei, said during the recent...

CaixaBank became the first European bank to offer buy now, pay later (BNPL) services, but only for users who choose to pay with Apple Pay when checking out. CaixaBank Announces BNPL For iOS Users The bank said that users with...

Vantage Global Prime LLP, a well-known retail FX and CFD broker, recently published a financial report for the year ending on June 30, 2024. The firm’s results show a significant drop in profits compared to the year before. Vantage UK...

easyMarkets, a leading online trading company, and Roberto Carlos, a Real Madrid football legend have shared that the xBar Cup will return at the Dubai Expo 2024. This year's event will highlight top football freestylers who have a huge fanbase...

DBS has launched DBS Token Services, a new set of banking tools that use tokenization and smart contracts. These tools will help big companies handle transactions more easily and improve their work. According to the update, DBS Token Services enables...