Global IT Outage Causes Major Disruptions Across Financial Sectors
July 19, 2024 – A widespread global IT outage has caused significant disruptions across several financial sectors, sending shockwaves through the industry. This incident has highlighted the vulnerabilities of the digital infrastructure that underpins modern finance. Service Interruptions in Major Fintech Companies Prominent fintech companies, including PayPal, Square, and Robinhood, were among the first to […]
Poland Fines PayPal $27.3 Million for Unclear User Agreements
Polish authorities have imposed a hefty fine on PayPal Europe for failing to clearly define activities that could result in penalties for its users, according to a report from Reuters. The Office of Competition and Consumer Protection (UOKiK), Poland’s antitrust watchdog, announced a fine of 106.6 million zlotys, equivalent to roughly $27.3 million. Uncertain Terms […]
OANDA Reportedly Up for Sale
OANDA, a prominent forex and CFD trading platform, is reportedly on the market. Sources indicate that the company is exploring strategic alternatives, including a possible sale. OANDA, founded in 1996 and headquartered in New York, is known for its transparent pricing and robust trading platform. It serves both retail and institutional clients worldwide, offering a […]
Standard Chartered Dives into Crypto, Launches Spot Trading Desk for Bitcoin and Ethereum
Standard Chartered, a leading British multinational banking and financial services company, announced plans to launch a spot trading desk for Bitcoin (BTC) and Ethereum (ETH). This move marks a significant step for the bank, signifying its entry into the burgeoning cryptocurrency market. The spot trading desk will be based in London and operate within Standard […]
UF Awards Global 2024: A Grand Celebration of Fintech Excellence
The UF Awards Global 2024 concluded with a spectacular ceremony that celebrated the best in the online trading industry. Held at the picturesque Columbia Beach in Limassol, Cyprus, the awards ceremony marked the culmination of the iFX EXPO International 2024. This prominent exhibition took place from June 18-20 at the City of Dreams Mediterranean Integrated […]
iFX Expo 2024: A Wrap-Up and Look Ahead
The recent iFX Expo International 2024, held in Limassol, Cyprus from June 18th to 20th, has come to a close, but its impact continues to resonate throughout the online trading and fintech industries. This year’s event solidified iFX Expo’s position as the premier B2B gathering for finance professionals. The expo transformed Limassol into a hub […]