Freetrade Initiates Crowdfunding Campaign
The day after news broke about the collapse of a funding round for Freetrade earlier this year, the UK stock trading app launched a new...
ECB Explores DLT-Enabled Settlements in Central Bank Currency
The European Central Bank (ECB) is exploring options for settling transactions based on distributed ledger technology (DLT) using fiat currency. To address this, the ECB...
Chase to Limit Zelle Transactions Originating from Social Media
Chase has informed its customers that it will begin blocking payments to social media contacts via the Zelle P2P network due to concerns about fraud....
UK Government Releases Tender for Integrating Open Banking into Gov.UK Pay
The UK government is inviting bidders for a £49 million contract to integrate open banking technology into the Gov.UK Pay payments platform. Gov.UK Pay is...
Swift Launches Blockchain Pilot Project for Corporate Actions Data
Interbank co-operative Swift is collaborating with Symbiont and seven securities firms to test a blockchain-based corporate actions system. The pilot will leverage Symbiont’s proprietary technology...
Apple and Google Undergoing Scrutiny for Competition in UK Digital Wallet Market
Amid growing concerns regarding the dominance of Big Tech in the digital wallet space, UK financial regulators have announced their intention to support the Competition...
SEC Establishes Cyber and Emerging Technologies Division
The US Securities and Exchange Commission has established a Cyber and Emerging Technologies Unit (CETU) aimed at addressing cyber-related misconduct and safeguarding retail investors from...
Citi, HSBC, Morgan Stanley, and RBC Penalized for Revealing UK Bond Pricing
The UK regulator, the Competition and Markets Authority (CMA), has imposed fines totaling £104.5 million on Citi, HSBC, Morgan Stanley, and the Royal Bank of...
Nasdaq Introduces Cryptocurrency Custody Service
Stock market operator Nasdaq is making a significant move into the cryptocurrency space by launching a digital asset custody service aimed at institutional investors. Led...
AFME Advises Caution Regarding Europe’s Shift to T+1 Settlement System
A move by Europe to a one-day settlement cycle (T+1) could offer significant advantages, but several obstacles must be addressed, according to a report from...