Playtech
August 28, 2020 BY Steffy Bogdanova

Playtech in talks for selling its financial division TradeTech

The gaming group recently said that it has benefited from the Covid-19 induced market volatility and reported strong performance for TradeTech. In March 2020 the company’s Board decided to maximize liquidity and suspend shareholder distribution because of the Covid-19 situation. The share repurchase programme announced at the FY19 result was also postponed as was the…

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Tickmill
August 28, 2020 BY Steffy Bogdanova

Tickmill reports 91% net profit growth for 2019

Mukid Chowdhury, Group CFO of Tickmill, commented: The progress made by Tickmill Group in 2019 demonstrates the continued improvements achieved across all areas of the business, from our marketing and branding initiatives through to a focus on first-class customer service and the innovations introduced on our technology and products. Despite some challenging trading conditions during…

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August 27, 2020 BY Steffy Bogdanova

Sberbank and Coursera partner to give employees access to 4,000 courses

Anthony Tattersall, Head of EMEA, Coursera: Today, many banks have fully embraced digitalization to keep pace with technology advancement. The pandemic has only accelerated these efforts, requiring employees to gain new digital skills to embrace the changing nature of their jobs. We are honored to partner with Sberbank to provide job-relevant online learning and help…

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partnership
August 27, 2020 BY Steffy Bogdanova

TipRanks and Markets.com team up to bring Quant Investing to retail investors

Markets.com’s collaboration with TipRanks aims to provide the broker’s clients with advanced research based on big data such as the Analyst Forecast Center, hedge fund activity, news analysis, etc. Experts giving financial advice on the platform are measured and ranked so investors get data-driven insights. Uri Gruenbaum, CEO of TipRanks commented: I'm delighted to expand…

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partnership
August 27, 2020 BY Steffy Bogdanova

Finastra helps VPBank migrate to a new treasury system and grow its financial market division

Fusion Kondor allows banks to trade high volumes of treasury while also offering flexibility to support more complex derivatives, options and structured trades. The solution’s integration with existing systems and applications is easy. Fusion Risk offers a fully automated, end-to-end IFRS9/CECL solution. It is integrated with Finastra’s core banking, lending and trading solutions. It also…

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Vanguard redirects focus from Hong Kong to Shanghai
August 27, 2020 BY Steffy Bogdanova

Vanguard changes focus from Hong Kong to Shanghai

Vanguard is not the only company to turn away from Hong Kong and shift to mainland China. Japan’s Daiwa Securities recently also shared a desire to redirect its operations away from Hong Kong. Keiko Tashiro, deputy president at Daiwa commented: If facts emerge such as people getting arrested one after another, we may need to…

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Trustly expands its presence in Australia and Canada
August 26, 2020 BY Steffy Bogdanova

Trustly expands its presence in Australia and Canada

Oscar Berglund, CEO of Trustly, commented: Expansion into both Australia and Canada is a major milestone in our ambitions to build a global Online Banking Payments network. They are both large markets with great potential and we already see high demand from merchants that are looking for Open Banking solutions and a compelling alternative to…

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Hong Kong SFC
August 26, 2020 BY Steffy Bogdanova

The Hong Kong SFC bans CITIC former relationship manager

TS’O gave the customers false receipts and the additional amount they paid went into his pocket. Subsequently, TS’O was convicted of seven counts of fraud on 7 January 2019.  On 21 January 2019, he was sentenced to six months imprisonment, he was also suspended for two years and was ordered to make restitution to the…

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