Markets

ByteDance, a Chinese company that owns the popular video platform TikTok, recently signed a binding agreement to form a joint venture that might help it avoid the US ban, as reported by Reuters. The report says that ByteDance’s new agreement...

A recent announcement by Google has revealed that the tech giant is extending its push into India’s financial services market. The plan is to launch a UPI-powered, digital, co-branded credit card called Flex in the country. Google Pay Rolls Out...

Belgium bank-owned itsme recently announced the acquisition of Dutch identification service iDIN. In a statement published on December 17, the Belgian identification app said that this will allow it to reinforce its position as the European reference for digital identity....

Barclays, a major British multinational universal bank offering consumer and corporate banking, wealth management, and investment banking services, recently announced its collaboration with ExpectAI. Barclays and ExpectAI To Help SMEs Grow Using Artificial Intelligence In a statement published yesterday, December...

Deutsche Bank announced yesterday, December 17, the launch of its app, Wero, on the international market. According to the announcement, Wero will provide simpler and more sovereign digital payments in Europe, and it will be available to the clients of...

Imprint, a financial platform transforming the way brands engage, reward, and retain customers, announced yesterday, December 17, that it has concluded a Series D funding round with $150 million raised. The company has reached the valuation of $1.2 billion, and...

Europe’s second-largest neobank, bunq, announced recently that it has released a new, upgraded version of its GenAI assistant and AI support agent, Finn. In a statement published December 16, bunq said that the launch of the new version of its...

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, announced yesterday that it is teaming up with Digital Asset Holdings and Canton Network. The announcement explained that the goal of the...

The US Federal Reserve Board announced yesterday, December 17, that it is withdrawing the 2023 policy statement, and is instead issuing a new policy statement regarding the treatment of certain Board-supervised banks that facilitates responsible innovation. Why Is 2023 Policy...

Binance is exploring new strategies to boost its foothold in the US, and one of them is a scenario where Changpeng Zhao’s (CZ) majority stake in the exchange could be reduced, according to a recent report by Bloomberg. The report...

US President Donald Trump ordered a blockade of all sanctioned oil tankers entering and leaving Venezuela, as reported by Reuters earlier today, December 17. Trump’s order came yesterday, December 16, and it represents Washington’s latest move to increase pressure on...

Equiti, a global fintech group offering digital platforms for online trading of various financial assets, announced yesterday, December 16, that it has partnered with Uber as the UAE’s first brand to activate in-journey advertising. Using Uber’s newly launched Journey Ads,...

Global payments giant PayPal recently announced that it has submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation to establish PayPal Bank. The announcement, published this Monday, says that this is a proposed Utah-chartered...

Global payments giant Visa announced yesterday, December 16, that it is launching USDC settlements in the United States. According to the company’s statement, this is a major milestone for the stablecoin settlement pilot program and strategy to modernize its settlement...

New reports claim that Amazon is in talks to invest in ChatGPT-maker OpenAI in a potential deal that could push the value of the artificial intelligence company at more than $500 billion. The claim comes from an unnamed source familiar...