In a press release on Monday, the regulators cited serious concerns over ASX’s management of operational risks and the speed of its response to the incident. In a joint letter to ASX, the RBA and ASIC highlighted the risk that further operational failures could undermine the reliability of the CHESS system until its replacement is…
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The company said the system will provide small-to-medium businesses with an all-in-one solution to streamline operations and enhance customer experiences. The expansion marks Clover’s presence in 11 countries, powering 3.5 million POS devices worldwide. “Ninety-eight per cent of Aussie businesses identify as small-to-medium businesses but many rely on a complex array of solutions that don’t…
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The decision, which took effect from 28 March 2025, was made under section 55J of the Financial Services and Markets Act 2000. According to the FCA’s Final Notice, Cashup failed to satisfy the location of offices Threshold Condition, as the regulator could not confirm that the firm’s head office and central management were based in…
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USCA Securities has been fined $75,000 by the Financial Industry Regulatory Authority (FINRA) for multiple violations, including failing to maintain its required minimum net capital and submitting inaccurate financial reports. According to a Letter of Acceptance, Waiver, and Consent published by FINRA, USCA operated below its required net capital on 35 occasions between January and…
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The firm explained in a press release that the new API provides instant access to large datasets, including corporate actions, equity and fixed income reference data, and end-of-day market data. By utilising SIX’s global financial information network, the API is said to enhance efficiency for financial professionals handling trading, banking, risk management, and compliance operations.…
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James von Moltke, who has served as Chief Financial Officer (CFO) for eight years, will step down in June 2026, with Raja Akram set to succeed him after a transition period. Akram, currently Deputy CFO at Morgan Stanley, will join Deutsche Bank on 1 October 2025 and become a board member from January 2026 before…
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Cyber Essentials Plus is a UK government-backed certification that requires an independent, hands-on technical assessment to verify an organization’s cyber defences against common threats such as malware, phishing, and hacking attempts. Administered by IASME, it represents a higher level of security assurance compared to the standard Cyber Essentials. Issued by Bulletproof and verified by IASME,…
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The firm announced the news on Thursday, saying it expects to complete the sale in the second half of 2025, with 3,600 customers and £3.2 billion in assets under administration transferring to InvestAcc. Under the agreement, AJ Bell will receive £18.5 million upon completion, comprising £17.5 million in cash and £1 million in new InvestAcc…
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Wall Street rebounds, but sentiment stays fragile The S&P 500 bounced nearly 2% on Monday as traders bet the White House might ease back on the scope of new tariffs. That optimism spilled over to Asia, where the Hang Seng and Nikkei saw modest gains. However, this rebound came amid falling US consumer confidence, with…
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The brokerage said the service is set to launch later this year and will provide a range of private banking-style benefits, including high-yield savings, global money transfers, and exclusive event access. According to Deepak Rao, GM and VP of Robinhood Money, “With Robinhood Banking, we’re trying to solve many of the challenges presented by legacy…
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