Emirates NBD Completes $2.75bn Acquisition of Majority Stake in India's RBL Bank

Emirates NBD Completes $2.75bn Acquisition of Majority Stake in India’s RBL Bank

Emirates NBD has completed its acquisition of a 60% majority stake in India's RBL Bank through a primary capital infusion of approximately $2.75 billion, closing one of the most significant cross-border banking transactions in Indian financial history. The deal, first announced in October 2025, received all required regulatory approvals before…
Sam Reid By Sam Reid
18th Jun 2026
Barclays to Acquire Kids' Money Management Platform GoHenry

Barclays to Acquire Kids’ Money Management Platform GoHenry

Barclays has agreed to acquire GoHenry, one of the UK's most recognised youth banking brands, in a move that signals the high street giant's ambitions to deepen its relationships with families and capture customers from as early as six years old. The deal, struck with US fintech company Acorns, will…
Sam Reid By Sam Reid
13th Jun 2026
Interactive Brokers Adds ChatGPT and Grok to Its AI Trading Suite

Interactive Brokers Adds ChatGPT and Grok to Its AI Trading Suite

Interactive Brokers has expanded its agentic trading capabilities with the addition of ChatGPT and Grok, building on an ecosystem of AI integrations that started with Claude earlier this year. The broker has also extended the asset classes available through these integrations to include options, futures and futures options, alongside the…
Sam Reid By Sam Reid
22nd Jun 2026
Robinhood Lays Off Nearly 300 Employees as It Looks to Remain Lean

Robinhood Lays Off Nearly 300 Employees as It Looks to Remain Lean

Robinhood has announced it is laying off approximately 290 employees, around 10% of its total workforce, in a move the company says is designed to sharpen its focus and build a leaner, higher-performing organisation. The cuts are notable not because the business is struggling, but precisely because it is not.…
Sam Reid By Sam Reid
18th Jun 2026
Deriv Eyes a Banking Licence in St Vincent and the Grenadines

Deriv Eyes a Banking Licence in St Vincent and the Grenadines

Key Takeaways Deriv is reportedly seeking a banking licence in St Vincent and the Grenadines, with the application listed as pending approval in the local registry. The move fits Deriv’s multi-jurisdiction structure, with multiple regulated entities globally,  including a Category 1 brokerage licence in Dubai for onboarding clients under that…
Staff Writer By Staff Writer
26th Feb 2026
Crypto.com Wins Conditional OCC Approval for US National Trust Bank Charter

Crypto.com Wins Conditional OCC Approval for US National Trust Bank Charter

Key Bulletpoints Crypto.com received conditional OCC approval for a US national trust bank charter. The charter would let it custody client assets and handle settlement under OCC oversight, but not take deposits or issue loans. The move could help Crypto.com attract more institutional clients; the exchange lists 400+ tokens.  …
Staff Writer By Staff Writer
24th Feb 2026
Zarvista Capital Markets Appoints Mohammed El Alaoui Essosse as CEO

Zarvista Capital Markets Appoints Mohammed El Alaoui Essosse as CEO

Key Takeaways Zarvista Capital Markets appointed Mohammed El Alaoui Essosse as its new CEO, after three years at the firm. Essosse previously led business development and Africa initiatives at Zarvista, and held senior roles at AUS Global and INFINOX. He succeeds founder Jamsheer Thazhe Veettil; Zarvista operates offshore (Mwali/Mauritius) with…
Staff Writer By Staff Writer
24th Feb 2026
Kraken Parent Payward Buys Token Management Platform Magna

Kraken Parent Payward Buys Token Management Platform Magna

Key Takeaways Kraken parent Payward acquired token management platform Magna, with financial terms not disclosed. Magna will continue operating as a standalone platform, providing tools for token vesting, claims, and distributions across multiple chains. The deal expands Payward/Kraken beyond trading into token lifecycle infrastructure, starting with onboarding, security hardening, and…
Staff Writer By Staff Writer
18th Feb 2026
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CoinMENA and Standard Chartered Partner on UAE Payment Rails

CoinMENA and Standard Chartered Partner on UAE Payment Rails

CoinMENA FZE has signed a banking agreement with Standard Chartered to strengthen its fiat payment infrastructure, giving the VARA-licensed broker-dealer faster funding and more efficient settlement for its UAE customer base. The partnership centres on customer money account services and fiat payment rails, with Standard Chartered supporting CoinMENA's fiat on-…
Sam Reid By Sam Reid
19th Jun 2026
Kraken Launches Regulated Crypto Perpetual Futures for US Traders

Kraken Launches Regulated Crypto Perpetual Futures for US Traders

Kraken has launched regulated perpetual futures for customers in the United States, bringing one of crypto's most heavily traded derivatives products onshore after years of activity sitting almost entirely on offshore platforms. The contracts are available through Kraken Pro and are listed on Bitnomial, a fully CFTC-licensed derivatives business that…
Sam Reid By Sam Reid
16th Jun 2026
State Street Launches GENIUS Act-Compliant Fund for Stablecoin Issuers

State Street Launches GENIUS Act-Compliant Fund for Stablecoin Issuers

State Street Investment Management has launched a new money market fund built specifically to support stablecoin issuers, marking one of the first products designed around the United States' new regulatory framework for digital currency reserves. The State Street Stablecoin Reserves Money Market Fund is a registered Rule 2a-7 government money…
Sam Reid By Sam Reid
16th Jun 2026
coinbase

Coinbase Launches AI Agent That Can Trade Crypto on Your Behalf

Coinbase has just launched a product that could change how everyday investors manage their crypto. It's an AI agent that connects directly to your Coinbase account and executes trades, rebalances your portfolio, and even pays for research data, all on your behalf. Called Coinbase for Agents, the platform lets popular…
Sam Reid By Sam Reid
11th Jun 2026
Crypto.com Wins Conditional OCC Approval for US National Trust Bank Charter

Crypto.com Wins Conditional OCC Approval for US National Trust Bank Charter

Key Bulletpoints Crypto.com received conditional OCC approval for a US national trust bank charter. The charter would let it custody client assets and handle settlement under OCC oversight, but not take deposits or issue loans. The move could help Crypto.com attract more institutional clients; the exchange lists 400+ tokens.  …
Staff Writer By Staff Writer
24th Feb 2026
SBI Holdings to Acquire Majority Stake in Singapore’s Coinhako

SBI Holdings to Acquire Majority Stake in Singapore’s Coinhako

Key Takeaways SBI Holdings plans to acquire a majority stake in Singapore’s Coinhako, via its subsidiary SBI Ventures Asset Pte. Ltd. If completed, Coinhako would become an SBI consolidated subsidiary; the structure is still being finalised and needs regulatory approvals. Coinhako operates under a MAS-licensed Major Payment Institution (Hako Technology)…
Staff Writer By Staff Writer
16th Feb 2026
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Dubizzle Group Invests in UAE Rental Rewards Platform Tern

Dubizzle Group Invests in UAE Rental Rewards Platform Tern

Dubizzle Group has announced a strategic investment in Tern, a UAE-based rental rewards platform, integrating it exclusively into its Bayut and dubizzle property portals as part of a broader push to build out a full property ecosystem beyond search and discovery. The investment was made through Dubizzle Group Ventures, the…
Sam Reid By Sam Reid
22nd Jun 2026
Mena Startup Sovra Raises $2m in Pre-Seed Funding

Mena Startup Sovra Raises $2m in Pre-Seed Funding

Sovra, a fintech platform that gives people a dollar account they control entirely from their phone, has raised more than $2 million in pre-seed funding as it prepares for a public launch. The round was led by Pharsalus Capital, with participation from a group of regional and global angel investors,…
Sam Reid By Sam Reid
19th Jun 2026
Euroclear Welcomes Back Former French Finance Minister Eric Lombard to Board

Euroclear Welcomes Back Former French Finance Minister Eric Lombard to Board

Euroclear has appointed Eric Lombard to its Board of Directors as a non-executive director, marking a return to the board for the former French Minister of Economy, Finance and Industrial and Digital Sovereignty. Lombard previously served on Euroclear's board between November 2022 and December 2024, and brings more than four…
Sam Reid By Sam Reid
19th Jun 2026
CoinMENA and Standard Chartered Partner on UAE Payment Rails

CoinMENA and Standard Chartered Partner on UAE Payment Rails

CoinMENA FZE has signed a banking agreement with Standard Chartered to strengthen its fiat payment infrastructure, giving the VARA-licensed broker-dealer faster funding and more efficient settlement for its UAE customer base. The partnership centres on customer money account services and fiat payment rails, with Standard Chartered supporting CoinMENA's fiat on-…
Sam Reid By Sam Reid
19th Jun 2026
Kraken Launches Regulated Crypto Perpetual Futures for US Traders

Kraken Launches Regulated Crypto Perpetual Futures for US Traders

Kraken has launched regulated perpetual futures for customers in the United States, bringing one of crypto's most heavily traded derivatives products onshore after years of activity sitting almost entirely on offshore platforms. The contracts are available through Kraken Pro and are listed on Bitnomial, a fully CFTC-licensed derivatives business that…
Sam Reid By Sam Reid
16th Jun 2026
State Street Launches GENIUS Act-Compliant Fund for Stablecoin Issuers

State Street Launches GENIUS Act-Compliant Fund for Stablecoin Issuers

State Street Investment Management has launched a new money market fund built specifically to support stablecoin issuers, marking one of the first products designed around the United States' new regulatory framework for digital currency reserves. The State Street Stablecoin Reserves Money Market Fund is a registered Rule 2a-7 government money…
Sam Reid By Sam Reid
16th Jun 2026
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SpaceX Soars 19% In Stock Market Debut as Musk Becomes World's First Trillionaire

SpaceX Soars 19% In Stock Market Debut as Musk Becomes World’s First Trillionaire

Elon Musk has become the world's first trillionaire after SpaceX made its long-awaited stock market debut on Friday, delivering one of the most spectacular IPO launches in history and cementing his status as the wealthiest person on the planet by a considerable distance. The listing, which shattered records for the…
Sam Reid By Sam Reid
13th Jun 2026
Why Did Nvidia Stock Drop -5% Despite Record-Breaking Earnings?

Why Did Nvidia Stock Drop -5% Despite Record-Breaking Earnings?

Nvidia, the undisputed titan of the AI chip industry, just delivered what can only be described as a financial masterpiece in its latest earnings results. Yet, in a twist that has left analysts scratching their heads, Nvidia stock tumbled more than 5% on Thursday, proving that even perfection isn’t always…
admin By admin
26th Feb 2026
Markets React as NFP Beats Expectations Expectations

Markets React as Nonfarm Payrolls Beats Expectations

Key Takeaways NFP beat expectations: +130K vs 70K, while unemployment dipped to 4.3% (from 4.4%). USD and yields jumped as traders priced fewer 2026 rate cuts, especially around June. Sentiment cooled after -856K revisions and growing doubts over headline accuracy, with wages at +0.4% keeping the Fed cautious.   Today's…
Staff Writer By Staff Writer
11th Feb 2026
Bitcoin Slips Under $67,000 as Wider "Risk-Off" Attitude Grips Markets

Bitcoin Slips Under $67,000 as Wider “Risk-Off” Attitude Grips Markets

Key Takeaways Bitcoin fell below $67,000 for the first time since November 2024, as the sell-off in crypto intensified. Traders flagged $70,000 as a key level, and the break below it helped accelerate losses, with bitcoin down around 20% this week. The drop comes as confidence weakens in bitcoin’s role…
Staff Writer By Staff Writer
05th Feb 2026
Dubizzle Group Invests in UAE Rental Rewards Platform Tern

Dubizzle Group Invests in UAE Rental Rewards Platform Tern

Dubizzle Group has announced a strategic investment in Tern, a UAE-based rental rewards platform, integrating it exclusively into its Bayut and dubizzle property portals as part of a broader push to build out a full property ecosystem beyond search and discovery. The investment was made through Dubizzle Group Ventures, the…
Sam Reid By Sam Reid
22nd Jun 2026
Nuvei to Acquire Payoneer in $2.75 Billion Payments Deal

Nuvei to Acquire Payoneer in $2.75 Billion Payments Deal

Nuvei has agreed to acquire Payoneer in an all-cash deal worth approximately $2.75 billion, bringing together two major players in the global payments space and creating one of the more significant consolidations the industry has seen in years. Under the terms of the agreement, Nuvei will buy all outstanding shares…
Sam Reid By Sam Reid
16th Jun 2026
Azizi Developments Scales Up Deliveries with New Integrated Industrial Model

Azizi Developments Scales Up Deliveries with New Integrated Industrial Model

Azizi Developments is doubling down on a vertically integrated approach to construction, expanding its manufacturing footprint into Abu Dhabi as it looks to speed up delivery and tighten quality control across its growing portfolio of UAE projects. The UAE-headquartered developer has finalised a long-term land lease in Khalifa Economic Zones…
Sam Reid By Sam Reid
18th Jun 2026
Markets React as NFP Beats Expectations Expectations

Markets React as Nonfarm Payrolls Beats Expectations

Key Takeaways NFP beat expectations: +130K vs 70K, while unemployment dipped to 4.3% (from 4.4%). USD and yields jumped as traders priced fewer 2026 rate cuts, especially around June. Sentiment cooled after -856K revisions and growing doubts over headline accuracy, with wages at +0.4% keeping the Fed cautious.   Today's…
Staff Writer By Staff Writer
11th Feb 2026
Franklin Templeton Expands UAE Footprint with Onshore Abu Dhabi Licence

Franklin Templeton Expands UAE Footprint with Onshore Abu Dhabi Licence

Franklin Templeton has secured a licence from the UAE's Capital Market Authority (CMA) for its entity in Abu Dhabi, marking a major expansion of its presence in one of the world's fastest-growing financial hubs. The move means Franklin Templeton now operates across all three of the UAE's financial jurisdictions: Onshore…
Sam Reid By Sam Reid
16th Jun 2026
Deriv Eyes a Banking Licence in St Vincent and the Grenadines

Deriv Eyes a Banking Licence in St Vincent and the Grenadines

Key Takeaways Deriv is reportedly seeking a banking licence in St Vincent and the Grenadines, with the application listed as pending approval in the local registry. The move fits Deriv’s multi-jurisdiction structure, with multiple regulated entities globally,  including a Category 1 brokerage licence in Dubai for onboarding clients under that…
Staff Writer By Staff Writer
26th Feb 2026
PU Prime Secures UAE CMA Category 5 Licence

PU Prime Secures UAE CMA Category 5 Licence

Key Takeaways PU Prime secured a UAE CMA (formerly SCA) Category 5 licence through PU Prime Financial Services LLC. The licence allows introduction and promotion activities, with the UAE operation led by Ali Afzaal (Regional Head MENA & South Asia). Category 5 does not allow local trade execution or holding…
Staff Writer By Staff Writer
12th Feb 2026
FINRA Fines Arkadios Capital $25,000 Over Reg BI Supervisory Failures

FINRA Fines Arkadios Capital $25,000 Over Reg BI Supervisory Failures

Key Takeaways FINRA fined Arkadios Capital $25,000 over alleged Reg BI supervisory failures. The issues covered Sept 2022 to March 2024 and involved oversight of leveraged and inverse ETFs. Arkadios was censured and ordered to pay $20,571.29 in restitution (plus interest).   Arkadios Capital, LLC has agreed to pay a…
Staff Writer By Staff Writer
09th Feb 2026
Swiss Private Bank Opens Abu Dhabi Hub After ADGM Approval

Swiss Private Bank Opens Abu Dhabi Hub After ADGM Approval

Key Takeaways Swiss private bank Maerki Baumann has opened an Abu Dhabi branch in ADGM after approval from the FSRA. The new hub, branded ARCHIP, will serve crypto, blockchain and tech-focused clients with services including banking, custody, staking and digital asset management. Client servicing will be supported by the bank’s…
Staff Writer By Staff Writer
05th Feb 2026
Australian Court Hits BPS Financial With $9.7m Penalty Over Qoin Wallet Claims

Australian Court Hits BPS Financial With $9.7m Penalty Over Qoin Wallet Claims

Key Highlights Australia’s Federal Court ordered BPS Financial to pay $9.7 million (AUD$14 million) over unlicensed conduct and misleading statements linked to its Qoin Wallet product. The court found BPS operated without an Australian Financial Services Licence for nearly four years and misrepresented aspects of the wallet and Qoin token…
Staff Writer By Staff Writer
28th Jan 2026
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Mena Startup Sovra Raises $2m in Pre-Seed Funding

Mena Startup Sovra Raises $2m in Pre-Seed Funding

Sovra, a fintech platform that gives people a dollar account they control entirely from their phone, has raised more than $2 million in pre-seed funding as it prepares for a public launch. The round was led by Pharsalus Capital, with participation from a group of regional and global angel investors,…
Sam Reid By Sam Reid
19th Jun 2026
Saudi Fintech-Proptech Safqah Capital Raises $15.2m Seed Round

Saudi Fintech-Proptech Safqah Capital Raises $15.2m Seed Round

Key Takeaways Riyadh-based Safqah Capital raised $15.2m in seed funding to scale Shariah-compliant debt financing for SME real estate developers. The round was led by Shorooq, anb Seed Fund and Rua Growth Fund, with several regional and global investors participating. Safqah plans to expand its product suite, strengthen AI-driven underwriting/risk…
Staff Writer By Staff Writer
09th Feb 2026
YaMarkets Launches YaWealth Investment Advisory Under Mauritius Licence

YaMarkets Launches YaWealth Investment Advisory Under Mauritius Licence

Key Takeaways YaMarkets has launched YaWealth Investment Advisory, a wealth management arm licensed in Mauritius. The new business will offer portfolio advisory, managed strategies, and research insights within a regulated framework. YaWealth plans to add digital onboarding and reporting tools to support portfolio tracking and client visibility.   YaMarkets has…
Staff Writer By Staff Writer
01st Feb 2026
SavvyMoney Raises $225M to Accelerate Financial Wellness and Digital Banking Tools

SavvyMoney Raises $225M to Accelerate Financial Wellness and Digital Banking Tools

SavvyMoney raises $225 million in a minority investment round led by PSG and Canapi Ventures to support growth and product expansion. The fintech offers real-time credit score tools and analytics for financial institutions, now integrated with 40+ digital banking platforms. The company has doubled its reach since 2021, now partnering…
Staff Writer By Staff Writer
03rd Nov 2025
Galaxy Digital Launches GalaxyOne, New Crypto & Stock Trading Platform

Galaxy Digital Launches GalaxyOne, New Crypto & Stock Trading Platform

Key Takeaways: Galaxy Digital enters retail trading with a new platform, GalaxyOne, competing with Robinhood and Kraken. The launch bridges the gap between institutional-grade financial services and individual investors seeking professional-level tools.   Galaxy Digital, a crypto-focused financial services firm for institutions, unveiled a platform for individual investors on Monday,…
Staff Writer By Staff Writer
06th Oct 2025
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