Markets

HSBC UK has launched its very first standalone ‘Cash Pod’ in Nailsea, North Somerset. It will offer enhanced access to cash. This milestone introduction is the first of ten Cash Pods likely to be launched by the bank this year....

BNY Mellon, America's oldest bank, has announced its collaboration with Microsoft to develop capital markets and provide a wider network for financial services. By utilizing Microsoft Azure cloud and the broad Bank of New York (BNY) Mellon financial data and...

Tata Consultancy Services (TCS) is now the leading brand to take over the management of the Faster Payments Service in the UK. Pay.UK is handling the process as a section of the New Payments Architecture in the UK. It will...

Fat Zebra, a provider of payments infrastructure located in Sydney has acquired Adatree, an open banking technology platform that created headlines as a trailblazer in the industry. With this move, Fat Zebra has strengthened its position in the smart payments...

TradeStation Crypto recently agreed to pay $3 million in order to settle the charges with the US Securities and Exchange Commission (SEC) for not registering a crypto lending product. The firm’s product allowed investors to earn interest on their deposits,...

Interactive Brokers Group, Inc. has unveiled its monthly performance metrics for January in the Electronic Brokerage division. This report showcases the firm's incredible growth and stable financial indicators. The Firm Witnessed A Substantial Increase In Daily Average Revenue Trades The...

The latest update from the BME Exchange and Six Swiss Exchange shows that the Spanish and Swiss markets have increased trade value as of January 2024. The major trade indicators display a year-on-year increase in trade value. This highlights the...

Carlos Hank Gonzalez, the chairman of Grupo Financiero Banorte (GFNorte), has introduced Bineo. This initiative is Mexico’s first fully digital bank. Bineo is backed by the Mexican Institute for the Protection of Bank Savings (IPAB) and Mexico’s Central Bank (Banxico)....

Celsius Network has started paying out $3 billion in a bid to exit bankruptcy. In November 2023, a judge from the UK permitted Celsius to establish a good plan to reimburse assets to customers. The Official Committee of Unsecured Creditors...

According to Governor Andrew Bailey, the House of Lords does not see AI technology as a danger to business but rather as a positive. Bailey shared that AI won’t take people's jobs away, humans will need to learn how to...

Paytm, a payment giant in India, has seen a significant drop in share price by 20% in two consecutive days. $2 billion was lost from its original market value. This happened after its business was hit with severe restrictions by...

While the UK’s open banking scene is continuously growing bigger and stronger, the changing economic conditions are still making it challenging, and numerous startups have failed to stay afloat. The most recent example is Kikapay, an early startup in the...

Praxis Tech recently introduced its newest product, which is meant to help improve the world of online payments. The new innovation is known as the 3DS Cascading feature, and it comes with the promise of enhancing user-friendliness and efficiency without...

Germany-based Deutsche Bank recently unveiled plans to cut 3,500 jobs as part of its ongoing efforts to boost operational efficiency within the company. The bank reported that its net profits have dropped by 14%, sinking to €4.9 billion. The bank...

Card and payments giant Mastercard recently revealed its integration of generative AI (GenAI) techniques meant to revolutionize its Decision Intelligence (DI). Mastercard to add AI to DI DI was positioned as Mastercard’s real-time decisioning solution, and as such, it has...