Zaria Systems applies for national trust charter
Zaria Systems, Inc. (Zaria), which builds real-time infrastructure for mark-to-market credit and structured finance, today announced it has filed an application with the Office of the Comptroller of the Currency (OCC) to charter Zaria National Trust Bank (“ZNTB”), a special-purpose national bank tha
Platforms Hold Their Nerve During Asia's Tech Turmoil
The handling of the recent sell-off in Asian tech and semiconductor stocks suggests that trading firms and platform providers are taking a more sophisticated approach to managing extreme volatility.For example, when meme stock mania saw retail investors on social media join forces to buy heavily sho
Banking
Ex-regulator frets over OCC brain drain
A former regulator whose team got the ball rolling on Citi's 2020 consent order worries the exodus of OCC talent leaves the agency unable to respond to a financial crisis.
ActivTrades Rewards Clients With Interest on Uninvested Cash, Paying Up to 3.3% on US Dollar Balances
ActivTrades, the multi-award-winning Forex and CFD broker, has introduced a new interest offer that pays clients a return on the free margin sitting idle in their trading accounts. The initiative, available to clients who open an account through the broker’s Mauritius entity, regulated by the Financ
Galaxy and BNY come together to pair digital asset custody and staking
Galaxy today announced a strategic collaboration with BNY (NYSE: BNY), a global financial services company, to further advance digital asset infrastructure for institutional markets, including support for staking, a process that allows eligible digital assets to earn rewards, on BNY’s Digital Asset
TS Imagine Adds Prediction Market Probabilities to Institutional Risk Platform
TS Imagine has added prediction-market probabilities to its institutional risk platform, the company announced Wednesday. Clients can connect defined event outcomes with portfolio exposures and use changing probabilities in stress testing, scenario analysis, value at risk and sensitivity workflows.T
STX deploys Eventus Validus platform for trade surveillance
Eventus, a leading provider of comprehensive, at-scale trade surveillance and financial risk solutions, and STX, a U.S. based CFTC regulated event contracts exchange focused on sports, crypto and other real-world events, announced today that STX has deployed the Eventus Validus platform for all trad
iDenfy adds Czech Bank iD to verification platform
iDenfy, the global RegTech solution provider that delivers identity verification and fraud prevention tools, has implemented Czech Bank iD into its electronic identity verification software.
Core banking startup Maximum closes $30 million Seed round
US core banking startup Maximum has emerged from stealth with a $30 million Seed round led by CRV with participation from Pear VC, Restive, Plug and Play Ventures and Anthemis.
Cloudflare gives AI agents an identity and a wallet
Internet technology company Cloudflare is preparing for a new age of agentic commerce by giving AI agents a wallet and a stable identity to make purchases on behalf of their customers.
FCA Revises IPO Listing Rules to Reduce Execution Risk for UK Issuers
The UK's Financial Conduct Authority has introduced changes to its initial public offering rules, removing requirements that it said added costs and execution risk for companies seeking to list on public markets.The latest reforms follow the FCA's efforts to revise the UK's capital markets framework
Banking
JPMorgan to deploy $750B for affordable housing by 2035
The bank will invest the capital through its American Dream Initiative, an economic mobility program launched this year that also aims to boost housing access.
Starling bundles eSims into mobile app
Starling has become the latest bank to bundle eSim plans into its mobile app, giving the bank’s retail customers competitive data-roaming plans when travelling abroad
XTB Uses Chile as Testing Ground Again, Launches Spot Crypto with 46 Assets
XTB has launched spot cryptocurrency trading in Chile, making the country its first non-European market to receive the long-awaited product. The Warsaw-listed fintech is initially offering 46 crypto assets and plans to expand the selection as the service develops.The cryptocurrency market operates 2
VT Markets Joins Broker Rush Into 24/7 Gold CFDs
VT Markets has launched a gold CFD that trades 24 hours a day, seven days a week, the broker announced today (Wednesday). Called XAUUSD247, the product uses a one-ounce contract and is available to eligible clients through MetaTrader 5 and the VT Markets App.The rollout adds VT Markets to a growing
Capital.com Hires a Government Relations Specialist as Chief Strategy Officer
In an unconventional move, multi-asset broker Capital.com has tapped a seasoned specialist in government relations to be its next Chief Strategy Officer. Mamoon Sbeith spent nearly a decade at the World Bank as an External Affairs and Aid Coordination Officer and has a lengthy tenure at the global c
CFD Brokers Add Faster Withdrawals, but "Instant" Means Different Things
Fusion Markets, Trade Nation, DuraMarkets and Mitrade have each introduced or announced faster withdrawal services since early June. Their claims range from real-time bank settlement to internal processing completed in under an hour.The offers, however, do not use the same clock. Some measure how qu
Rabobank to invest €2 billion in building IT framework for AI
Rabobank is to invest €2 billion in stengthening its IT and data platforms for a new wave of artificial intelligence applications.
cTrader Adds Subscriptions as Trading Platforms Court Paid-Tool Creators
Spotware has added recurring subscriptions to cTrader Store, expanding the marketplace beyond one-time purchases. Developers can now sell access to cBots, indicators and plugins through weekly, monthly, six-month or annual payments.The company launched cTrader Store in December 2024 as a marketplace
Tomorrow Lets Retail Investors Back Into Its €15 Million Impact Fund After Two-Year Freeze
Hamburg-based sustainable banking app Tomorrow opened its in-house equity fund to new purchases on Wednesday, restoring a buy function that has been unavailable since the company moved its securities business to Berlin infrastructure provider lemon.markets in 2024. New customers can now open a secur