August 22, 2016 BY Valentina Kirilova

Merchant bank of Sri Lanka chooses Fiserv for new core banking and front-end teller systems

Payments and processing technologies and solutions provider Fiserv Inc (NASDAQ:FISV) has announced that Merchant Bank of Sri Lanka & Finance PLC (MBSL) has selected the Signature core account processing platform and Teller front-end teller system from Fiserv. In January 2015, the MBSL PLC finance company, Sri Lanka's pioneer merchant bank, merged with two subsidiaries, MBSL…

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August 19, 2016 BY LeapRate Staff

FXCM statement: CFTC action 'unfortunate and disappointing'

As we said they would, retail forex broker FXCM Inc (NYSE:FXCM) has issued a formal statement in reply to yesterday's news that the CFTC was now charging FXCM with undercapitalization related to the 2015 Swiss Franc spike - more than a year and a half after the event, and after the issue had been rectified. And, as…

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August 19, 2016 BY Mike Fox

ForexTime beefs up mobile app now with fully operational client area

Retail Forex brokerage ForexTime (FXTM) announced today that its ForexTime App, launched in October 2015 has been mightily improved this week. This latest development will redefine trader possibilities on the go. One key feature is the firm has integrated a fully operational client area, completely managed within the exclusively developed app. FXTM stated that its on the lookout for ways…

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August 19, 2016 BY Valentina Kirilova

IDFC Bank partners Backbase for customer experience and digital banking

The Indian banking company IDFC Bank (NSE: IDFCBANK) has partnered with Backbase to implement its omni-channel digital banking platform. With this platform, IDFC Bank will be able to provide its products and services to customers through multiple channels synchronously, creating a single multimodal touch point. Backbase helps create and manage rich, interactive web portals and…

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August 19, 2016 BY Valentina Kirilova

CySEC fines HotForex and OptionTrade parent €105,000 for misleading investors

The Board of the Cyprus Securities and Exchange Commission (CySEC) has informed that it has decided to impose a total administrative fine of €105,000 to the CIF HF Markets (Europe) Ltd. HF Markets (Europe) Ltd runs the retail forex broker HotForex (hotforex.com) and binary options firm OptionTrade (optiontrade.com) businesses. The full breakdown of the fine is linked…

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August 19, 2016 BY Valentina Kirilova

PrivatBank launches prepaid products in Ukraine together with InComm

PrivatBank has announced it has partnered with the prepaid product and transaction services company InComm to launch prepaid products to its customers in Ukraine. The partnership between the two companies will afford Ukrainian customers the opportunity to purchase prepaid codes and immediately top up their or anyone else's account without incurring any additional fees. Olga…

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August 19, 2016 BY Valentina Kirilova

HKEX announces arrangements for adjustment of SOHO China futures

Hong Kong Exchanges and Clearing Limited (HKEX) has announced the arrangements for the adjustment to SOHO China Ltd (HKG: 0410) futures to account for SOHO China’s special dividend. Company (Stock Code) SOHO China (410) Corporate Action Special Dividend of RMB0.19 per share Ex-date 29 September 2016 The special dividend amount per share in Hong Kong…

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August 19, 2016 BY Valentina Kirilova

Hong Kong SFC adds Ephraim Global to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

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August 19, 2016 BY Valentina Kirilova

AMF launches a consultation on the use of stress tests to help manage risk at asset management companies

Stress tests are a major part of risk management for asset management companies. Regular stress testing is mandatory under national and European regulations, but the methods used vary according to the investment strategies and assets managed. The Financial Markets Authority (AMF) has prepared a guide to help asset management companies implement and use stress tests. The…

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