Euronext Agrees Deal to Buy Nasdaq’s Nordic Power Futures Business LeapRate

January 28, 2025 BY Sam Boughedda

Euronext Agrees Deal to Buy Nasdaq’s Nordic Power Futures Business

The companies have signed a binding agreement. The move marks a notable step in the firm expanding its footprint in the European power market. Euronext added that the acquisition aligns with its “Innovate for Growth 2027” strategy. The acquisition will see existing open positions in Nasdaq’s Nordic power derivatives transferred to Euronext Clearing, with trading…

January 24, 2025 BY Sam Boughedda

Acuity Trading Partners with cTrader

The collaboration brings Acuity’s suite of innovative tools directly to cTrader users, delivering features such as the AI-powered Research Terminal, NewsIQ, and AssetIQ, alongside Economic and Corporate Calendars. The tools are aimed at providing traders with market insights, curated trade ideas, and asset-by-asset analysis. They will all fully be embedded into cTrader's Plugins functionality. “This…

January 23, 2025 BY Sam Boughedda

Monzo Leans Towards US For Market Listing - The Times

According to a report by The Times this week, the fintech's board is divided, with CEO TS Anil said to be favouring the US for its initial public offering (IPO), while other directors advocate for a UK listing. The decision comes amid growing speculation about a possible IPO following Monzo's strong financial performance last year.…

January 21, 2025 BY Sam Boughedda

Standard Chartered Announces Launch of SC PrismFX

The firm said in a press release that the solutions suite is designed to cater to the diverse FX needs of Financial Institutions (FI), Non-Banking Financial Institutions (NBFI), PayTech, and Corporate clients globally. SC PrismFX is said to integrate Standard Chartered’s digital Transaction Banking, Financial Markets, and Digital Platforms under one brand, providing FX payment…

January 21, 2025 BY Sam Boughedda

Deutsche Bank and Yonyou Sign Strategic MOU

The firm will partner with the goal of enhancing digital financial solutions for Chinese enterprises expanding globally. The partnership is expected to focus on Global Treasury Management (GTM) to streamline financial management and support globalisation strategies. Furthermore, it will integrate Yonyou’s treasury management system with Deutsche Bank’s financial network, enabling data access and instruction transmission.…

Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution

January 17, 2025 BY Sam Boughedda

Broadridge Adds GenAI-Powered Advanced Analytics Features to Platform

The enhancement is said to be a key component of Broadridge’s OpsGPT application and aims to streamline trade data analysis and operational reporting. The company explained that the GenAI-powered functionality allows users to generate insights and visualisations from their trade data using natural language, effectively eliminating the need for complex data migrations. “Integrating this AI…

January 17, 2025 BY Sam Boughedda

Nuvei Partners with Outpayce from Amadeus to Enhance Travel Payment Solutions

The company explained in a press release that the collaboration is expected to enhance the payment capabilities available to travel businesses, offering transaction processing across various global markets. The partnership allows travel businesses using Outpayce's XPP to access Nuvei's expansive suite of payment solutions. They add that the integration simplifies the adoption process by providing…

January 16, 2025 BY Sam Boughedda

Wise Reports 24% Volume Growth in Q3

The company said in its third-quarter results that its growth was driven by its expanding customer base, which now totals over 9 million active users, marking a 20% increase from the previous year. The company's Wise account balances also saw a significant boost, growing by 26% to £16.2 billion. Continued adoption of the Wise account…

January 16, 2025 BY Sam Boughedda

CAB Payments to Cut 20% of Workforce

The company announced the move in its 2024 pre-close trading update on Thursday, explaining that it is aimed at aligning the company's operational structure with its growth ambitions and improving operational leverage. The decision comes in response to challenging market conditions, including a stronger dollar, reduced aid flows, and political uncertainty impacting demand for cross-border…

Freetrade raises £30m from existing and new investors

January 16, 2025 BY Sam Boughedda

IG Group Acquires Freetrade in £160m Deal

The move is expected to bolster IG's trading and investment offerings in the UK, helping to expand its reach to new customer segments and enhance its technological capabilities. The deal will be funded in cash from IG’s existing capital resources. Completion is expected in mid-2025. Breon Corcoran, CEO of IG, said it is a “rare…

Category: Fintech