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N26 says it expects to halve its net losses in in 2023 before hitting profitability on a monthly basis the following year. Meanwhile, the German digital bank has unveiled plans for a new investment product for stocks and ETFs.
30 November 2023
Cristiano Ronaldo has been hit with a $1 billion-plus class action lawsuit over his promotion of an NFT collection with controversial crypto exchange Binance.
29 November 2023
The fintech market is returning to some sense of normality in terms of valuations after a period in which it "largely lost its head", according to a leading investor.
Almost three-quarters (73%) of executives working in financial services expect to eventually be replaced by Generative AI (GAI), according to a recently released study.
22 November 2023
The imminent introduction of the EU's Digital Operational Resilience Act (DORA) will force sell-side firms to make significant changes to their third party risk management software and strategies, suggests a recently published survey.
Binance has agreed to pay $4.3 billion to settle a long-running investigation by the US Department of Justice, with the crypto exchange's founder Changpeng "CZ" Zhao also stepping down as CEO and pleading guilty to violating anti-money laundering requirements.
21 November 2023
The US Securities and Exchange Commission has sued Kraken, accusing the crypto trading platform of operating as an unregistered securities exchange, broker, dealer, and clearing agency.
The Australian Securities Exchange (ASX) is planning to turn to a third party to replace its ageing clearing and settlement system.
The wealthtech sector in Asia-Pacific could be worth more than $2trn by 2027 thanks to technological advancements, according to a report published by McKinsey.
20 November 2023
UK fintech Revolut has set its sights on Europe's fixed income market as the next investment option for its clients.
The European Commission has opened access to EU supercomputers to bolster AI development and push AI initiatives.
17 November 2023
A filing suggesting that BlackRock was preparing to launch a spot XRP exchange-traded fund briefly sent the token's price soaring this week before the asset manager confirmed that the paperwork was fake.
15 November 2023
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