November 13, 2024 BY Sam Boughedda

Morgan Stanley Expansion Capital Invests $20 Million in NovoPayment

NovoPayment, which specialises in delivering digital banking, payments, and card solutions, is expected to use the funding to help accelerate its product and commercial growth and strengthen its position in the banking and payment vertical SaaS market. NovoPayment's platform aims to let banks, fintechs, and other financial institutions deliver digital financial and payment services.  Its…

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November 12, 2024 BY Sam Boughedda

Metro Bank Hit With £16m Fine By FCA For Financial Crime Failings

Metro Bank has been fined £16.67 million by the Financial Conduct Authority (FCA) for serious financial crime failings, the regulator revealed on Tuesday. The FCA said that between June 2016 and December 2020, Metro failed to implement adequate systems and controls to monitor over £51 billion worth of transactions for potential money laundering. They explained…

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November 12, 2024 BY Sam Boughedda

Citigroup Fined SEK 6 Million for Breach of Nasdaq Nordic Member Rules

The financial giant was found to have breached several rules, including a failure to implement sufficient pre-trade controls and a lack of adequate monitoring of trading activity. The incident that led to the fine occurred on May 2, 2022, when a significant price drop was observed across multiple financial instruments and indices traded on Nasdaq…

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November 11, 2024 BY Sam Boughedda

ATFX Opens New Office in Mexico

ATFX said in a press release that the new office underscores the company's commitment to the region's thriving financial markets and its ambition to cater to the growing number of traders in the country. The new office in Mexico City will serve as a hub for ATFX's operations in the region, complementing its existing presence…

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money market funds
November 11, 2024 BY Sam Boughedda

Travelex to Revamp ATM Network with NCR Atleos

In partnership with NCR Atleos, the company revealed it is replacing its entire portfolio of over 600 ATMs across eight countries with new hardware and software. The move is designed to elevate the customer experience by introducing a range of innovative features. One of the most notable additions is contactless cash withdrawal, which will be…

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November 11, 2024 BY Leaprate Staff

ATFX Celebrates Grand Opening of New Office in Mexico

The event was designed to highlight the significance of ATFX’s continued growth in the LATAM market. Attendees were able to enjoy a vibrant atmosphere, complete with live band performances. Speeches by senior leadership, including Ergin Erdemir, Head of Latin America (LATAM) at ATFX, and Joe Li, Chairman of ATFX, focused on the company’s vision for…

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SEC
November 11, 2024 BY Sam Boughedda

Invesco Fined $17.5 Million By SEC for Misleading ESG Claims

According to the SEC's order, Invesco falsely claimed that a significant portion of its assets under management were "ESG integrated."  However, the reality was that many of these assets were held in passive exchange-traded funds (ETFs) that did not consider ESG factors in their investment processes. “Invesco told clients and stated in marketing materials that…

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November 08, 2024 BY Leaprate Staff

ATFX Connect and Your Bourse Form a Strategic Alliance in Liquidity Services

A Match to Be Made This collaboration allows us to enhance our service offerings by integrating Your Bourse’s innovative technology with our custom liquidity solutions. By combining our strengths, we can provide brokers with a seamless trading experience that includes the below: Enhanced Trading Technology with a Seamless Experience The partnership integrates Your Bourse's ultra-fast…

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FINRA
November 08, 2024 BY Sam Boughedda

Spartan Capital Fined for Delayed Responses to FINRA Requests

The company is said to have failed to respond in a timely manner to multiple requests for information. The fines stem from three separate incidents between June 2021 and August 2023. In each case, FINRA said it requested information from Spartan Capital as part of an investigation, but the brokerage firm failed to meet the…

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