The financial services platform reported H1 revenue of $967.4 million, up 23% from a year earlier, while adjusted profit before tax rose 27% to $202.7 million. Reported profit before tax jumped 45% to $201.6 million. The adjusted PBT margin improved to 21.0% from 20.2% a year ago. Second-quarter revenue increased 18% year-on-year to $500.1 million,…
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SBI Financial Services, an intermediate holding company for the group’s financial services business, entered a capital and business alliance with Double Standard in December 2019. The latest purchase of 55,000 shares through market transactions will lift the group’s voting rights ownership ratio from 19.73% to 20.13%. Double Standard specialises in generating and supplying big data…
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The collaboration aims to deliver actionable insights directly at the point of order entry, enabling traders to optimise execution, manage risk and respond to client demands in real time. “Working with BMLL we are optimising trading and delivering transformation by integrating actionable insights and robust analytics directly into the workflows of both global sell-side and…
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The exchange explained that the iShares Bitcoin ETP expands the range of crypto ETPs available at SIX to 487, offering investors direct access to Bitcoin through a regulated, exchange-traded structure. Each ETP is said to be fully backed by bitcoins held with Coinbase Custody International Limited, a licensed custodian. SIX added that the product is…
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The bank stated that SC Invest streamlines the investment process, enabling account opening and fund subscription in just three steps. It offers four foundational portfolios curated by its Chief Investment Office, with a minimum investment of HK$100 and no subscription, redemption, or platform fees. Standard Chartered said the platform aims to address the “investment pain…
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The company, which operates an embedded B2B payments infrastructure-as-a-service platform, said the move will allow partners and customers in Bahrain to access its full suite of services, including payments, receivables and stored funds. TransferMate said the licence would simplify cross-border transactions, enhance cash flow visibility and reduce the need for multiple banking relationships for businesses…
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Between June 2019 and November 2024, FINRA says Wells Fargo did not have a system, including written supervisory procedures, that was reasonably designed to comply with Section 15B(a)(1)(B) of the Securities Exchange Act of 1934. This provision prohibits broker-dealers from giving investment advice to municipal entities without registering as a municipal adviser. FINRA found that…
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McCann, who has nearly 30 years of corporate experience, including two decades in banking and insurance, has spent more than 10 years with Westpac. Prior to stepping into the acting role in May, she served as Group Executive, Customer and Corporate Services, overseeing operations, scams and fraud prevention, customer collections and hardship, property resilience, corporate…
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The launch provides Singaporean investors with what the firm describes as “true cost transparency,” avoiding the additional charges often associated with so-called zero-commission offerings. IBKR Lite allows trading without minimum balances or hidden fees, while also giving access to the broker’s award-winning platforms, tools and global markets. “We’re pleased to bring zero-commission US stock trading…
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The company said the development aims to deliver real-time analytics and predictive intelligence directly within colocation facilities, helping financial firms reduce costs and enhance efficiency. Beeks explained that by processing data at the network edge, the system eliminates propagation delays and delivers actionable insights instantly. Its anomaly detection capabilities are said to use context-aware pattern…
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