Markets

Uzbekistan's sole mobile-focused bank, TBC Bank Uzbekistan, owned by TBC Bank Group listed on the London Stock Exchange, has secured $38.2 million in a recent equity investment. The bank aims to expand its local operations in the country. BC Bank...

Tony Gruebner posted on LinkedIn that his time as Chief Marketing Officer at Pepperstone has come to an end. He explained that it was an opening to guide a team and contribute to reshaping the Australian finance brand. While at...

Reverence Capital and Bain Capital have agreed to purchase Envestnet in a transaction that values the wealth management technology and data company at $4.5 billion. Reverence and Bain are being supported by smaller investors such as State Street Global Advisors,...

Apple has avoided paying huge fines to the European Commission (EC) by allowing third-party providers to use the NFC chip technology in iPhones for contactless payments. The EC made Apple's promises enforceable under EU antitrust laws, settling the case and...

U.S. bank regulators fined Citigroup $136 million for not making enough progress in fixing data management issues found in 2020. The bank must show that it is dedicating enough resources to solve these problems. The Fed stated that both the...

German bank Commerzbank has added corporate cards to its card services. The bank is using technology from Pliant, a corporate-card-as-a-service provider, to give small and medium-sized business clients a corporate credit card option. Starting in the third quarter of 2024,...

Vipps and MobilePay, the merged companies, said they want to unveil a new person-to-person payments system for customers in Finland, Denmark, and Norway. The new system will allow customers in Finland, Denmark, and Norway to transfer money between themselves securely....

A report from an NFT marketplace, DappRadar, revealed that the number of unique active crypto wallets is now more than 10 million. The report also shows how web3 platforms have performed in Q2 2024. DappRadar also showed that the number...

Bybit, the second-largest cryptocurrency exchange in the world by trading volume, recently decided to launch its Bybit Card in Argentina. The expansion to the new South American country comes with a 10,000 ARS bonus, as well as additional benefits, such...

Nala, a remittance app operating in Africa, recently concluded a Series A funding round, marking a huge success. The money transfer fintech reported raising $40 million, which will be of great use for its plan of global expansion. Nala’s major...

The FIX Trading Community entered into a new partnership with Global Digital Finance (GDF) with the goal of forming a joint working group. The group’s focus will be on connecting buyside trading desks with the world of tokenized assets. What...

Danske Bank has included a fresh feature in its mobile app to help customers easily see the number of environmentally-friendly investments they have made. A recent survey conducted by Danske Invest suggests that most investors in Denmark are keen on...

The Banque de France (BDF) has agreed with the Hong Kong Monetary Authority (HKMA) to check how their different systems can support cross-border transactions. They will focus on utilizing wholesale central bank digital currencies as part of their initiative. This...

In the second quarter of 2024, Plus500 earned $182.6 million. This amount is 14 percent higher than what it earned in the same period last year. Yet, the total decreased by 15.3 percent from the $215.6 million generated in the...

Consob, Italy's securities regulator, has warned investors about the dangers of retail prop trading. It said that they are online trading that claims to offer profits but may result in financial losses. The Italian market regulator explains the prop trading...