Investments

Swedish Court Delays Judgment in Klarna’s Antitrust Case Against Google

The court's decision is crucial for Klarna's operations in the competitive market.Highlights: Swedish court delays decision on Klarna's antitrust claims against Google.The case focuses on Google's market dominance and...

Morgan Stanley Launches Bitcoin ETF, Expanding Crypto Offerings

The investment firm broadens its reach into the cryptocurrency market.Highlights: Morgan Stanley launches a Bitcoin ETF to enhance...

HSBC Strengthens Position with Hong Kong Stablecoin Issuer License

The banking giant aims to support digital asset initiatives in the region.Highlights: HSBC receives a stablecoin issuer license...

US Treasury Secretary Warns Banks About Anthropic’s New AI Model

Treasury Secretary highlights risks AI poses to financial stability.Highlights: US Treasury Secretary warns banks about the risks of...

Binance Launches Prediction Markets Feature, Expanding Trading Options

Users can now engage in prediction markets on Binance for various events.Highlights: Binance launches a new prediction markets...
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Liberum Wealth goes live with Profile’s Axia Custody solution

Liberum Wealth, a subsidiary of Liberum Capital in London, has chosen Profile Software's Axia Custody for its investment management needs. The Guernsey-based subsidiary...

US Bank subsidiary Elavon lands UK banking authorisation

Elavon Financial Services DAC, a subsidiary of US Bank, has obtained authorization from the Bank of England as a licensed provider of financial...

Brookfield appoints Ron Kalifa as vice chair and head of financial infrastructure

Ron Kalifa, the former CEO of Worldpay, has been appointed as Vice Chair and Head of Financial Infrastructure at Brookfield Asset Management. Kalifa...

ICYMI fintech funding round-up: Statement, iink, Finzly and more

Statement:Israel-based fintech Statement secures $12 million in seed funding. Led by Glilot Capital Partners with participation from Citi, Mensch Capital Partners, Titan Capital,...

ID verification specialist Prove Identity bags $40m to fuel global expansion

Prove Identity, a New York-based ID verification firm, secures $40 million in funding from MassMutual Ventures and Capital One Ventures. Founded in 2008...

Iwoca lands £200m debt facility from Barclays and Värde Partners

Iwoca, a UK-based SME lender, secures £200 million in a new debt facility. Founded in 2011, Iwoca provides embedded lending solutions for small...

US Treasury grants Truist $65m NMTC allocation to spur investment in underserved communities

Truist Community Development Enterprises (CDE), a subsidiary of Truist Financial Corporation, secures a $65 million New Markets Tax Credit (NMTC) allocation from the...

US fintech Stash lands $40m in funding and appoints Amy Butte as independent audit chair

Stash raises $40 million in new funding:Led by funds advised by T. Rowe Price, with participation from existing investors. Follows previous rounds of...

US payments start-up Braid winds down operations

Braid, a San Francisco-based consumer payments start-up founded in 2018, has shut down as of September 2023. Braid shuts down operations due to...
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