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Showing 20 of 62 financial news articles in Banking
Banking
financemagnates.com 18 hours ago

iFOREX, BitGo, CME, and More: Executive Moves of the Week

iFOREX Appoints Daniel Shalom as COOiFOREX appointed Daniel Shalom as chief operating officer. He assumes responsibility for business operations, customer experience, product, and technology with immediate effect. iFOREX has previously emphasized this strategy, including bringing back a head of inno

Banking
financemagnates.com 2 days ago

Weekly Roundup: Broker-Trader Dispute Data Revealed; Robinhood Cuts Jobs While 153 Roles Remain Open

Why brokers aren’t always the bad guysWhat does dispute resolution in the CFD and retail FX industry actually look like in practice? FM Intelligence analyzed all 1,468 retail FX and CFD complaints handled by the Financial Commission in 2025. It found that brokers were not at fault in 94.8% of cases,

Banking
financemagnates.com 2 days ago

Charles Schwab Brings Prediction-Market Style Options to Retail Investors

Charles Schwab is preparing to launch a new set of binary options tied to the performance of the S&P 500 through a partnership with Cboe Global Markets. The products will allow Schwab clients to take simple yes-or-no positions on whether the index reaches a specified outcome. If the condition is met

Banking
financemagnates.com 2 days ago

CIRO Approves Webull Canada Crypto as Dealer Member, Grants Insurance Relief

Webull Canada Crypto Limited has been admitted as a Dealer Member of the Canadian Investment Regulatory Organization, allowing it to operate as an investment dealer in Canada under CIRO oversight.The firm previously established operations in Canada under CIRO supervision as part of Webull’s internat

Banking
financemagnates.com 2 days ago

Inside the Prediction Markets: Kalshi Hits $100B as Questions Keep Piling Up

Prediction markets spent the week facing a familiar mix of growth and resistance. A dispute over Polymarket’s Iran market reignited questions about how event contracts should be settled. A coalition of 56 organizations asked Congress to curb the industry’s expansion. At the same time, Canada moved

Banking
finextra.com 2 days ago

Finastra sells UB core banking software unit to Pollen Street Capital

Finastra has sold its Universal Banking (UB) global core banking software business to UK-based private equity firm Pollen Street Capital. Financial terms of the deal were not disclosed.

Banking
financemagnates.com 2 days ago

Months After IG Deal, Freetrade Names New CFO Following CEO Appointment

Freetrade has appointed Nick Robinson as its new Chief Financial Officer, according to a LinkedIn post published by him today (Friday). Robinson wrote that he is working with "everyone in the Freetrade and IG Group teams."The appointment comes during a period of change at the UK investment platform.

Banking
finextra.com 2 days ago

Eltropy expands agentic AI certification

Eltropy, the leading agentic AI platform for credit unions and community banks, is expanding access to its AI Certification program — opening free enrollment to credit union and community bank professionals, and deepening the program's reach through league partnerships and industry events.

Banking
finextra.com 2 days ago

NatWest CEO Thwaite says AI will take some banking jobs

NatWest's Paul Thwaite has become the latest bank CEO to predict that artificial intelligence will take over some jobs in the sector but says that this does not necessarily mean overall headcounts will drop.

Banking
finextra.com 2 days ago

First Commerce Bank picks FIS core banking platform

FIS (NYSE: FIS), a global leader in financial services technology, announced that First Commerce Bank, a $1.8B-asset community bank based in New Jersey, has selected FIS as its go-forward core banking platform – giving the institution a modern, AI-ready foundation as community banks of its size face

Banking
finextra.com 2 days ago

Elavon expands all-in-one payments platform across North America

Elavon, a wholly owned subsidiary of U.S. Bank (NYSE: USB) and a global payments provider, announced the expansion of its All-In-One payments platform across North America to help businesses deliver more seamless commerce experiences in-store, on mobile and online.

Banking
finextra.com 2 days ago

Franklin raises funds to bring agentic finance to e-commerce firms

Franklin, the finance platform built for e-commerce, today announced it has raised €1.6M (DKK 12M) in a seed round led by venture firm True Collective, alongside a number of prominent angel investors.

Banking
finextra.com 2 days ago

Danish startup Festina raises $25m for pensions platform

Festina Finance, a Denmark-based provider of cloud platforms for the pensions and financial planning industry, has secured €25m from its latest fundraising round.

Banking
financemagnates.com 2 days ago

Retail Traders Gain Banking and CFD Access as Dukascopy Combines Services in New App

The Swiss broker-bank Dukascopy Bank has launched a new flagship mobile application that combines banking services, retail CFD trading, foreign exchange, payments, and investment tools in a single interface.The launch follows a recent expansion of Dukascopy’s trading infrastructure, including a dedi

Banking
finextra.com 2 days ago

BitGo and Bielik.io partner for crypto trading

BitGo Europe GmbH (“BitGo Europe”), a subsidiary of BitGo Holdings, Inc. (NYSE: BTGO) (“BitGo”), the digital asset infrastructure company, today announced a partnership with Bielik Vault Sp. z o.o. (”Bielik.io”), a Warsaw-based crypto trading platform, to support Bielik.io’s transition from Poland’s

Banking
finextra.com 2 days ago

Repay completes stablecoin payments proof of concept

Repay Holdings Corporation (NASDAQ: RPAY) ("REPAY"), a leading provider of vertically-integrated payment solutions, today announced the successful completion of a proof of concept demonstrating stablecoin payment capabilities on its platform.

Banking
finextra.com 2 days ago

Commonwealth Bank appoints technology heads

Commonwealth Bank of Australia Chief Executive Officer Matt Comyn today announced changes to the bank’s Executive Leadership Team.

Banking
finextra.com 2 days ago

Mena startup Sovra raises $2m in pre-seed funding

Sovra, the fintech platform that provides people with a global dollar account, has raised more than $2 million in pre-seed funding.

Banking
financemagnates.com 2 days ago

UF AWARDS GLOBAL 2026: Meet the Winners

The votes are in. The industry's most credible awards, the UF AWARDS GLOBAL 2026, have announced this year's winners, recognising the best brokers, technology providers and fintech brands operating on the global stage. Following a Voting Round that concluded on 15 June, the results were revealed at

Banking
finextra.com 2 days ago

Deutsche Bank exec lauds AI impact on project times

Greater use of AI has drastically reduced the time of projects, according to a leading investment bank.

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