Markets

Bank of Ireland has announced the appointment of De Niese to fill the new position of Chief Digital and Architecture Officer. This spot aims for the next stage of the company’s digital strategy for colleagues and customers. De Niese will...

The US has enforced sanctions on many businesses and individuals for illegally bringing in technology to the Central Bank of Iran (CBI). The CBI has been identified by the United States for the part it plays in delivering financial backing...

ANZ Bank’s software engineers have reported a significant increase in code quality and productivity while utilizing the GitHub Copilot AI tool. About 100 engineers at ANZ Bank last year agreed to test the tool for six weeks, preparation in two...

Citizens of the United States of America lost more than $10 billion to imposters in 2023. The Federal Trade Commission revealed that almost half of the scammers used investment schemes as a means of fraud. This is according to the...

Visa has announced a strategic partnership with Conferma Pay. This alliance seeks to allow financial institutions to incorporate business cards into workers’ digital wallets. Visa stated that digital cards that are connectable to third-party wallets like Google Pay and Apple...

Moneyhub was selected as a vendor on Crown Commercial Service’s (CCS) Open Banking Dynamic Purchasing System (DPS) framework thanks to its A2A payment offerings. Crown Commercial Service backs the public sector to reach the utmost commercial value when obtaining regular...

BaFin, the Federal Financial Supervisory Authority in Germany, has begun to investigate the illegal activities of an individual operating with the website fx-flat.com. This website fraudulently offers financial services and banking transactions without proper approval. The action posed a serious...

Commercial Bank International has announced its collaboration with Fuze, a provider of digital asset infrastructure. The two firms aim to develop and explore digital assets products within the United Arab Emirates. The collaboration signifies a major step forward in developing...

The Securities and Exchange Commission has placed charges against 16 broker-dealers and advisers with top players, Oppenheimer and Guggenheim, among the 16 firms. These companies were charged for failing to uphold electronic communications. They will pay over $81 million for...

A FinTech firm assisting parents to invest in their children’s future has revealed its aim to shut down. This comes two years after receiving funding of £2.1 million in seed capital from major Venture capitalists. Previously called Hapi Plan, Nosso...

Kinnevik, a Swedish Venture Capitalist has written off all its Monese investment. This was because of uncertainty about its future involvement in the sector. The Stockholm-based VC led a funding round of $60m in Monese in 2018. It has a...

Crypto firm Fordefi is debuting a wallet-as-a-service platform after securing $10 million in a seed-extension fundraising round. Electric Capital spearheaded the funding round with contributions from Alchemy and Paxos, bringing the company’s total seed funding to $28 million The New...

Ripple has decided to purchase Standard Custody and Trust Firm, a Corporate-level compliant platform for Crypto assets This decision highlights Ripple's dedication to Adherence to legal mandates and allows the firm to extend beyond its main payments system into several...

Rod Ashley, the Chief Executive Officer Of Alba Bank, has decided to step down from his position after six years of service. Mr Ashley revealed that he enjoyed his time at Alba. He has decided that it’s the right time...

NatWest Bank is now the first bank in the UK to become a dealer in the Crown Commercial Service's (CCS) Dynamic Purchasing System (DPS) for Open Banking. Every United Kingdom public sector entity like public administrations, charities, schools, NHS, local...