The index is designed to track the performance of Artificial Intelligence companies and the Real World Assets (RWAs) driving generative AI. The index comes at a time when the global AI market is experiencing rapid growth, projected to reach $1.3 trillion by 2032. With 92% of Fortune 500 companies integrating generative AI into their operations,…
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The collaboration aims to address the evolving payment needs of businesses operating platforms and marketplaces across Europe. The Embedded Payments solution integrates OPP's specialised payment technology, designed specifically for platforms, with Worldline's acquiring and acceptance expertise, as well as point-of-sale (POS) capabilities. Key features include split payments, advanced escrow management, and mediation handling, all of…
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The landmark collaboration marks the first time a global broker has offered foreign investors direct ownership and trading of securities listed on the Saudi Exchange. Interactive Brokers said its clients are now able to invest in Saudi equities alongside global stocks, options, futures, bonds, funds, and more from a single unified platform. The partnership was…
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FTX's high-profile collapse in November 2022 sent shockwaves through the cryptocurrency industry. It resulted in the criminal conviction of FTX founder Sam Bankman-Fried, who was sentenced to 25 years in prison for fraud earlier this year. The United States Department of Justice states on its website that "Samuel Bankman-Fried orchestrated one of the largest financial…
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Instantia, which offers users a client-centric way to manage currency exchange, FX strategies, and cross-border payments, was said to be drawn to ION FX's comprehensive end-to-end processing functionality for FX cash and derivative products. ION added that Instantia also appreciated the ability to customise the user interface through ION APIs, which they believe improves the…
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PureStream, which is already available in the US and Canada, is expected to be introduced on Nasdaq Europe in the first quarter of 2025, subject to regulatory approval, the company said in its press release on Tuesday. PureStream is said to be designed to facilitate interactions between institutional investors with a common execution goal, enabling…
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According to Revolut's Consumer Security and Financial Crime Report, Meta platforms remain the primary source of scams reported to the company, accounting for 62% of all scams in the first half of 2024. They stated that Facebook was the most common source, followed by WhatsApp and Telegram. Revolut is concerned that Meta's data-sharing partnership primarily…
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The company said in its press release that it believes the expansion further solidifies its position as a key player in the European derivatives market. Euronext revealed it has introduced 21 new German Single Stock Options, completing its coverage of all DAX 40 Index constituents, along with six Irish and four Portuguese Single Stock Options.…
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Marriott-Clarke brings over 25 years of experience in the banking and payments industry to the role. Marriott-Clarke succeeds Marc-Henri Desportes, who has led Worldline's Merchant Services division since February 2024 alongside his other responsibilities. Desportes will continue to serve as Worldline's CEO. Prior to joining Worldline, Marriott-Clarke held the position of Head of Customer &…
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The move is said to expand the company's operations in the Middle East and grow its clearing business, aligning with its strategy to broaden its client base, diversify its operations and increase earnings resilience. Based in Abu Dhabi, Aarna Capital offers a suite of services across energy, base and ferrous metals, as well as financial…
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