Markets

JPMorgan Chase has launched a Generative AI chatbot for employees, comparing it to having a research analyst available at your desk. Named LLM Suite, the chatbot is designed to assist with writing, generating ideas, and summarizing documents, according to the...

Crypto exchange Bybit has stated that it will soon launch its MetaTrader 5 (MT5) platform to enhance trading efficiency. According to the exchange, the platform will be available for Contracts for Differences (CFDs), forex, and cryptocurrency trading. Bybit says the...

The US federal court has issued a major penalty for Abner Alejandro Tinoco and his company, Kikit & Mess Investments LLC. According to reports, the firm and its owner must pay over $31 million in penalties for running fraudulent forex...

The European Central Bank (ECB) recently conducted its first thematic stress test on cyber resilience. The goal was to determine whether individual banks are ready to handle cyber attacks, and how would they respond to them. However, after concluding the...

Aveni, a Scottish AI fintech recently held a Series A funding round which managed to raise £11 million. The company attracted a lot of attention, especially after the round was joined by Nationwide and Lloyds Banking Group. While the two...

ThetaRay, an AI-powered financial crime detection firm, recently acquired a screening company called Screena. The acquisition is expected to boost ThetaRay’s own financial crime-detection technology. What is Screena? Screena is a firm that spent a lot of time collaborating with...

The Bank of England has developed a roadmap meant to bring innovation to matters involving money and payments. However, it now asks for the private sector to share its thoughts and provide input. Innovations in the payments sector The bank...

Popular trading app Robinhood recently introduced joint investing accounts. The new type of account will allow users to manage investments together with their partners while consolidating their shared assets. Robinhood introduces joint investment accouts The new product is part of...

The Swiss regulator, the Financial Market Supervisory Authority (FINMA) released new guidance on stablecoin issuance earlier today, July 26. The document has added details regarding default guarantees and associated risks, and it highlights increased risks regarding money laundering. Furthermore, FINMA...

The US Securities and Exchange Commission (SEC) recently filed a lawsuit against Babu Ramaraj for running a major investment fraud that ended up defrauding over 70 investors. https://x.com/SECGov/status/1816552204859330905 According to the US securities regulator, Ramaraj stole approximately $31 million from...

Four major UK banks, including Lloyds, AIB, TSB, and HSBC, have been rebuked by the country’s competition watchdog, the Competition and Markets Authority (CMA). What did the banks do? According to the CMA, the four mentioned banks failed to meet...

HSBC bank announced that its Australian division has made a big decision concerning cryptocurrency services. The bank revealed that customers in the region can no longer perform financial transactions using cryptocurrencies. This is shocking news for HSBC Bank’s customers who...

One of the leading bitcoin (BTC) miners, Marathon Digital (MARA), has acquired bitcoin worth  $100 million from the open market and stated it will resume its strategy to retain every mined bitcoin in its account. In a statement, the miner...

NCM Investment is a trading firm founded in 2009. The company’s headquarters is in Kuwait and it focuses on offering financial services like CFDs, precious metals, commodities, and FX. The Financial Conduct Authority (FCA) has approved the brokerage firm to...

A report by UK Finance revealed that the total number of payments made in the UK surged by 5% last year while over 30% of Brits now use the tap-to-pay feature on their phones. The report revealed that the total...