Markets

Mollie, a fast-growing European Payment Service Provider (PSP), announced earlier today, December 11, that it will acquire GoCardless with the goal of creating Europe’s most complete payment platform. The company’s announcement revealed today that it has signed an agreement to...

Trust Wallet, a self-custody wallet owned by Binance’s co-founder Changpeng Zhao, announced yesterday, December 11, that it has added Revolut to allow users to purchase crypto using the popular payments app. With Revolut, users can get instant funding and buy...

Big Tech has once again reaffirmed its interest and high expectations of AI after investing more than $50 billion in AI in India. According to a report by the BBC, it all happened in just one day, and it marked...

The Financial Conduct Authority (FCA), the UK’s financial watchdog, announced earlier today, December 12, that it has fined Nationwide £44 million for failings in financial crime controls. According to the regulator, Nationwide has been relying on inadequate anti-financial crime systems...

Message board platform Reddit has filed a lawsuit in Australia’s highest court, seeking to overturn the country’s recent social media ban for children, as reported by Reuters earlier today, December 12. According to the report, the platform has called Australia’s...

The US commodities regulator, the Commodity Futures Trading Commission (CFTC), issued a significant round of No-Action Letters yesterday, December 11. The letters were issued to four major operators in the derivatives and prediction market space - Polymarket, Gemini, PredictIt, and...

Elon Musk’s artificial intelligence company, xAI, announced yesterday, December 11, that it is entering into a transformative partnership with the government of El Salvador. xAI said that it is a groundbreaking partnership that will see the launch of the world’s...

The leading financial services company, Enova International, announced yesterday, December 11, that it has signed a definitive agreement to acquire Grasshopper Bancorp, Inc., as well as its wholly owned subsidiary, Grasshopper Bank N.A. The announcement shared that the deal is...

The Open Banking Limited, UK’s key delivery body that develops and governs the standards for open banking in the country, recently published an update to its report regarding financial crime in the open banking sector. The update, published on December...

NatWest Group, a major UK-based banking and financial services company, announced yesterday, December 10, that it has joined other finance firms to launch the UK Retail Investment Campaign. NatWest Becomes The 19th Member Of The Investment Campaign The bank has...

A new announcement published by Citi yesterday, December 9, unveiled that Nasdaq selected Citi Investor Services to provide Account Operator Services, marking a major strategic step in modernizing and streamlining its post-trade operations. The announcement says that this will enable...

South Africa’s online trading firm Afrimarkets was recently stripped of its license, according to a statement published yesterday, December 9, by the Financial Sector Conduct Authority (FSCA). The regulator’s press release says that it has decided to withdraw Afrimarkets Capital’s...

A new report published by Barclays yesterday, December 9, revealed that card spending has seen its greatest drop since 2021 in November of this year. The UK-centered bank’s research suggests that non-essential spending has fallen for the first time since...

The Financial Conduct Authority (FCA), the UK’s financial regulator, said in a statement earlier today, December 10, that it has set up ambitious new growth measures for 2026. This includes UK-issued stablecoins, which will provide faster and more convenient payments...

The UK’s financial regulator, the Financial Conduct Authority (FCA), announced earlier today, December 10, the launch of a new tool called Firm Checker. The tool’s purpose is to help fight financial crime and reduce or completely eliminate financial scams. According...