The move is said to be part of the bank’s efforts to expand its presence and strengthen key partnerships across the region. Pollina will report to SC Ventures CEO Alex Manson, with a matrix reporting line into Mandy DeFilippo, CEO for the U.S. and Americas. In her new role, she will support both SC Ventures…
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The Paris-based payments giant said on Wednesday that its AI routing solution, now live following successful pilot programmes, delivers a more than 2% improvement in authorisation rates, building on the 3% uplift already achieved through rule-based routing alone. They noted that one pilot customer reported a revenue increase of €1.63 million from higher authorisation rates…
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Barclays Bank UK PLC was fined £3.1 million for opening a client money account for WealthTek without carrying out adequate checks. The bank reportedly failed to verify whether WealthTek was authorised to hold client funds, a step that could have been completed by consulting the FCA’s register. As a result, clients deposited £34 million into…
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The move marks a key milestone in eToro’s strategy to expand its presence across Asia-Pacific. The company stated that with the licence now in effect, eligible retail investors in Singapore can access a broad range of financial instruments through eToro’s platform, including stocks from over 20 global exchanges, exchange-traded funds, and derivatives. “This is an…
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FINRA found that between January 2017 and December 2018, JPMS failed to maintain a supervisory system capable of identifying whether its representatives were recommending unsuitable short-term trades in syndicate preferred stocks to retail customers. The regulator said that at least 15 JPMS representatives were found to have advised customers to buy and then sell these…
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The plan is expected to support the EU’s Savings and Investments Union (SIU) goals by enabling cross-border market access, fostering competition, and encouraging innovation. It builds on Euroclear’s model, which combines its international central securities depository (Euroclear Bank) with six local CSDs. Valérie Urbain, CEO of Euroclear, said: “The key to more liquid and effective…
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The move aims to help finance teams streamline operations and reduce cost and complexity, given that they are “under growing pressure to do more with less,” said the company. Already in use across the US, Corpay Complete integrates accounts payable, expenses, domestic and international payments, and FX into a single platform tailored for UK businesses. …
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Between 2017 and 2022, the regulator claims Cantor submitted dozens of untimely or inaccurate filings to FINRA regarding its intent to engage in syndicate covering transactions and trading activities. According to FINRA, the firm violated several rules, including Regulation M Rule 104 and FINRA Rules 2010 and 5190, by failing to notify regulators in a…
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The new contracts give international institutional investors access to South Korea’s equity market, now accounting for 10.73% of the MSCI Emerging Markets Index and ranking as its fourth-largest country component. Eurex stated that it is now the only derivatives exchange outside Korea to offer access to a Korean equity index, aiming to improve margin efficiency…
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The cloud computing and connectivity provider for financial markets said that the wins included four- to five-year contracts and renewals with brokerage and fintech firms across the UAE and Europe. The deals are said to reflect “growing demand for Beeks' private cloud infrastructure” and are expected to contribute revenue across both FY25 and FY26. Beeks…
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