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Latest Results from /markets

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Asia to dominate global fintech market – report

Asia could account for almost half of global fintech transactions by the end of the year as it continues to outpace other regions, according to recently published research.

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Crunchbase declares historical data dead; relaunches as AI-powered predictions engine

Crunchbase is getting an AI-powered makeover, moving away from historical company data towards predictive intelligence that it says will help users forecast with unerring accuracy how private firms are set to grow, what their funding rounds will look like, and future acquisitions.

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SEC creates Cyber and Emerging Technologies Unit

The US Securities and Exchange Commission has created a Cyber and Emerging Technologies Unit (CETU) to focus on combatting cyber-related misconduct and to protect retail investors from hackers and the misuse of AI.

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Compliance professionals split over value of AI

Growing levels of financial crime and regulatory scrutiny are forcing organisations to step up spending on compliance, but they are less sold on AI as the standalone solution, according to a global survey of risk and compliance officers by LSEG Risk Intelligence.

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EToro files for IPO

Israeli multi-asset investment platform eToro has confirmed a filing for an IPO on Wall Street.

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EC proposes 2027 migration to T+1

The European Commission is pushing ahead with a proposed legislative amendment that would see the EU migrate to a T+1 settlement cycle by October 2027.

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Bitpanda gets FCA greenlight for UK expansion

European crypto platform Bitpanda has been granted approval by the Financial Conduct Authority to expand its operations in the UK.

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Big banks pump $26 million into investor communications platform Proxymity

Investor communications platform Proxymity has secured $26 million in financing from existing investors, including BNP Paribas, BNY, Citi, Clearstream, Computershare, JPMorgan and State Street.

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Alabama man pleads guilty to SEC X hack

An Alabama man has pleaded guilty in connection with the January 2024 unauthorized takeover of the US Securities and Exchange Commission (SEC)’s social media account on X to artifically boost bitcoin prices.

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ETFbook raises €4m

ETFbook, a data and analytics platform specialising in the ETF market, has closed a €4 million Series A funding round led by BlackFin Capital Partners.

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Standard Chartered launches AI-powered FX insight videos

Standard Chartered is using AI to create short videos giving its retail customers in Asia the latest foreign exchange insights.

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Temenos sells Multifonds for $400 million

Swiss core banking vendor Temenos has offloaded its asset administration business Multifonds to Montagu Private Equity for $400 million.