The force behind the digital forces aka datacentres are rapidly advancing in the second-largest Arabian country. With digital and tech advancements proliferating exponentially, the Kingdom of Saudi Arabia is darting forward with its datacentre market, forecasted to cross $1.77 billion by 2027. The growth is being further propelled by multinational corporations expanding their cloud regions in the country, where the cloud services market alone is expected to reach nearly $2.4 billion by 2026. 

The World Federation of Exchanges (WFE), the global body for exchanges and central counterparty clearing houses (CCPs)s, today sets out six principles to promote sound marketplaces in crypto-trading in a new report.

US-based consumer fintech start-up Bright Money has secured $62 million in a fresh round of funding, which consists of a mix of debt and equity.

Timeline, an end-to-end financial planning platform, has proudly announced its recent accomplishments in the finance industry.

The company successfully raised £10m in its Series B funding round. The round was led by Blackfin Capital Partners, a private investment firm specialising in FinTech. Other notable participants included MTech Capital, board member of Peel Hunt, Darren Carter, and former CEO of Interactive Investor, Adam Seale.

SRM (Strategic Resource Management), a trusted advisory firm serving financial institutions across North America and Europe, announced that Swedish fintech executive Eva Trouin joined the company's International Advisory Board.

‍Revio, the payment orchestration platform helping merchants optimize their order to cash lifecycle, today announced a seed investment round of $5.2 million. The funding round was led by leading fintech fund QED Investors, joined by Partech and continued participation from Revio’s existing investors, Speedinvest, RaliCap, and Everywhere VC. 

NAKA has developed a new technology that bridges the gap between the traditional payment industry and the blockchain world. It encompasses a unique payment scheme running fully on smart contracts and a self-custodial payment card that is available to anyone without any bank intermediaries. The NAKA payment scheme and card are fully compatible with the EMV standard, an acronym representing Europay, Mastercard, and Visa.

Cohesity has today announced that global technology leader Tata Consultancy Services (TCS) is joining the Cohesity Data Security Alliance ecosystem.

DTCC, the premier post-trade market infrastructure for the global financial services industry, today announced the appointment of Brian Steele as Managing Director, President, Clearing & Securities Services, effective October 2, 2023. Steele will join the DTCC Management Committee, Management Risk Committee and the Investment Management Committee. Steele will also become Chair of the ITP Board of Managers. 

When we picture the role of law firms in class action suits, we often think of lawyers going into bat in for clients in the courtroom and holding companies at-fault to account. But their role doesn’t end with case prep and closing arguments.