Markets

Poland's antitrust regulator fined PayPal $27.3 million because it did not adequately specify the actions that could result in penalties in its user agreements. The perceived lack of clarity in these provisions has sparked worries regarding the protection of consumers...

Lloyds Bank Group plans to transform old data centers and former office locations into fresh social housing initiatives. The Group wants to find suitable housing allies in the areas who will manage the refurbishment of the sites and make more...

Petros Kalaitzis has joined prop trading firm FunderPro after leaving his role at Tools for Brokers. He is now FunderPro’s Chief Executive Officer and will oversee the company’s operations as it vies for a more significant market share. Kalaitzis is...

Partior, the payment network using DLT, has recently shared that it has concluded the first part of its $60 million Series B funding round. This was led by Peak XV Partners (formerly Sequoia Capital India & SEA) and included Jump...

AT Global Markets (UK) Limited, the operator of ATFX, has announced its revenue results for the 2023 fiscal year. According to the report, the firm gained an annual turnover of over £8.18 million. This shows a 95.8% surge from the...

Equiti Capital UK Limited, a part of Equiti Group regulated by the Financial Conduct Authority (FCA), said its total income was slashed by 30% compared to a year ago. However, the company saw significant profits and trading revenue last year....

CVC Capital Partners has put OANDA, a well-known name in the forex and contracts for different brokerage industries, on the market. CVC Capital Partners, an Amsterdam-listed private equity firm, wants to sell the brokerage firm. Even though there haven't been...

DWS, a top fund company in Europe, has launched a new stablecoin as it is set to unveil Germany's first legal cryptocurrency next year. The company's Chief Executive Officer, Stefan Hoops, shared the news and said many big financial firms...

Carla Nemr, the Chief Business Development Officer of Tickmill's for almost eight years, has revealed her exit, calling her time there a “wonderful chapter. Nemr began as Chief of Global Business Development in 2017 and was later promoted. Nemr revealed...

Mesh has collaborated with Fireblocks to enhance how users manage digital assets and payments. The platform said the partnership will improve efficiency and security within the digital asset sector. It aims to offer consumers and businesses a better experience. The...

BNP Paribas has partnered with Mistral AI to use its advanced artificial intelligence tools across its business models. BNP and Mistral have been working together since last year. The recent extension of its partnership will improve the bank’s digital service...

UK shoppers were affected by a payment issue caused by a disruption from Worldline. A system breakdown stopped them from using their Visa and Mastercard for online and card transactions. Shoppers at big stores like M&S, ASDA, and Sainsbury's were...

Amazon Web Services (AWS) has launched a generative AI-driven service termed AWS App Studio. This service enables users to develop applications through natural language. AWS App Studio will assist fintech firms, financial institutions, and any organization in creating an app...

Crypto firm Payeer has been slammed with a hefty fine of £9.3 million by the Lithuanian financial authority (FNTT) for money laundering failures and Russia-related sanction breaches. Payeer gave Russian customers the platform to perform transactions in Russian roubles through...

Leverate, a company that provides technology solutions for brokers, is increasing its global reach by hiring new sales executives in Latin America and Dubai. This growth comes after a big rise in sales and market expansion, especially in Asia and...