The Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Act 2024, which received royal assent on 10 December 2024, extends the National Credit Code to BNPL contracts. ASIC explained that from 10 June 2025, BNPL providers will need to hold a credit licence authorising them to engage in credit activities as credit…
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The firm revealed its AUM fell by 2.9% to $9.9 billion, down from $10.2 billion at the end of June 2024. The decline was attributed to net investment outflows of $564 million, primarily driven by client rebalancing and asset allocation changes amid strong market returns. The Emerging Markets (EM) and International Equity strategies were said…
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Key Headlines 1. China’s GDP Growth Meets Expectations China's economy grew by 5% in 2024, matching both market and government estimates. This growth is largely attributed to recent stimulus measures aimed at bolstering economic activity. However, concerns linger regarding consumer spending and potential deflation risks. The stability in China’s GDP could provide a positive backdrop…
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ATFX Connect's contributions were further recognized with the prestigious Best Institutional Broker MEA, a testament to its continued dedication to innovation, client success, and excellence in financial services. Through its sponsorship and active participation, ATFX Connect reinforced its position as a trusted partner for businesses navigating the evolving trading landscape. The iFX Expo Dubai 2025…
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iFX EXPO Dubai, the region’s premier B2B fintech event, drew over 5,000 professionals who explored the latest advancements and opportunities in the sector. Exness’ active participation included two panel discussions, where the company’s experts shared valuable insights on emerging trends and the future of the fintech landscape. Peter Plester, Exness UK Head of B2B…
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The enhancement is said to be a key component of Broadridge’s OpsGPT application and aims to streamline trade data analysis and operational reporting. The company explained that the GenAI-powered functionality allows users to generate insights and visualisations from their trade data using natural language, effectively eliminating the need for complex data migrations. “Integrating this AI…
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The company explained in a press release that the collaboration is expected to enhance the payment capabilities available to travel businesses, offering transaction processing across various global markets. The partnership allows travel businesses using Outpayce's XPP to access Nuvei's expansive suite of payment solutions. They add that the integration simplifies the adoption process by providing…
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The move comes as the company seeks to join the ranks of publicly traded firms offering both stock and cryptocurrency trading. Founded in 2007, eToro operates as a "social investment network," allowing its global user base to trade a variety of assets, including fractional equities and cryptocurrencies. The platform’s initial attempt to go public via…
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The company said in its third-quarter results that its growth was driven by its expanding customer base, which now totals over 9 million active users, marking a 20% increase from the previous year. The company's Wise account balances also saw a significant boost, growing by 26% to £16.2 billion. Continued adoption of the Wise account…
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The company announced the move in its 2024 pre-close trading update on Thursday, explaining that it is aimed at aligning the company's operational structure with its growth ambitions and improving operational leverage. The decision comes in response to challenging market conditions, including a stronger dollar, reduced aid flows, and political uncertainty impacting demand for cross-border…
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