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Latest Results from /markets

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LSEG names Goldman vet Irfan Hussain CIO

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

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More banks pay multi-million dollar penalties over WhatsApp use

Wells Fargo and BNP Paribas are among the latest banks to be hit with multi-million dollar penalties by US regulators over employee use of unofficial communication tools like WhatsApp and iMessage.

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Iceberg Data Lab grows client list with Banque de France, ERAFP and Generali Group

Green fintech Iceberg Data Lab has picked up three new clients in France, including Banque de France, global insurance and asset management house Generali and pension scheme ERAFP.

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Singapore central bank pledges $150 million to support new fintech projects

Singapore's central bank is to commit up to $150 million to support startups developing innovative financial technologies over the next three years.

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Tel Aviv Stock Exchange taps Fireblocks for digital assets push

The Tel Aviv Stock Exchange (Tase) is making a move into digital asset products and services after inking a deal with vendor Fireblocks.

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Deutsche Börse Group to acquire FundsDLT

Deutsche Börse Group is to acquire the remaining shares in FundsDLT, a Luxembourg-based company which uses distributed ledger technology for fund distribution and processing.

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Vesttoo to sack 75% of staff

Israel-based Vesttoo, which uses artificial intelligence technology to connect the insurance industry and capital markets, is laying off 75% of its staff amid a growing scandal over the alleged use of a fraudulent letter of credit in a multi-billion dollar insurance transaction.

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Aussie regulator sues eToro over CFD over-reach

The Australian Securities and Investments Commission is suing online investment platform eToro over an alleged failure to act honestly and fairly in the marketing of its contract for differences (CFD) product, leaving 77% of retail clients out-of-pocket.

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LedgerEdge goes under

Corporate bond trading platform LedgerEdge has gone into administration just a year after its live launch.

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SEC says Hex crypto founder defrauded investors and bought $4m diamond

The Securities and Exchange Commission has charged entrepreneur Richard Heart with conducting unregistered offerings of crypto asset securities that raised more than $1 billion and of defrauding investors of $12 million to buy, among other things, a 555-carat black diamond.

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Emea fintech takes biggest hit in funding downturn

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.

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FS giants team on open standards project for common cloud controls

The Fintech Open Source Foundation (Finos) is forming an open standard project to describe consistent controls for compliant public cloud deployments in the financial services sector.