The European Commission is pushing ahead with a proposed legislative amendment that would see the EU migrate to a T+1 settlement cycle by October 2027.

Can a smaller FX and global payments provider compete against the large and regional banks when it comes to buying and sending foreign currency payments to suppliers overseas? “Absolutely,” said Monex USA CEO John Doyle.

Finextra this week released new research investigating how institutions globally are tackling the mounting issue of trade-based financial crime (TBFC).

Regulatory intelligence firm Cube has acquired US-based Reg-Room, the latest in a planned series of acquisitions to drive consolidation in the market for regulatory technology.

The Securities and Exchange Commission has charged fintech investment adviser Titan Global Capital Management USA with misleading investors with advertisements about performance metrics.

The central banks of Singapore and Indonesia are planning to introduce the use of QR codes for cross-border payments between the two countries.

American trading app Robinhood is buying WonderFi, the Canadian crypto operator of Bitbuy and Coinsquare, for around C$250 million in cash.

Broadridge has launched a ChatGPT-style Large Language Model for streamlining back office operations and cutting settlement fails.

London Stock Exchange Group has appointed Goldman Sachs’ Irfan Hussain chief information officer.

The European fintech industry bore the brunt of a global drop in fintech funding during the first half of 2023, declining by more than half over the peceding period.

An All Party Parliamentary Group (APGG) of UK MPs have branded the FCA as ‘incompetent at best, dishonest at worst’, in a hard-hitting report that calls for wholesale reforms at the financial watchdog.

The Financial Ombudsman Service (FOS) has reported that they received 40% more complaints in the first half of 2024 than in the same period in 2023.

German digital bank N26 is broadening its product offering with the launch of in-app stock and ETF trading features.

This investment highlights Bank Alfalah’s dedication to driving digital transformation and promoting financial inclusion across key markets, reinforcing its position as a leading digital bank.

Global spending on financial market data and news grew modestly in 2024, with revenues rising 6.4% – far slower than the previous year – to $44.3 billion.