As Fundrise did not require the influencers and newsletters to provide specific disclosures, the investment adviser went against US law. In its filing, the SEC specifically noted the lack of these disclosures in the Fundrise brochure. The company consented to pay a civil penalty of $250,000. In a statement, SEC commented: Fundrise consented to the…
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Spurs chose AstroPay, a leading fintech company in the global arena of digital payments, based on the scope of its loyalty and rewards platforms. This partnership launches a one-of-a-kind Spurs-branded prepaid card that will enable holders to unlock doors to unique benefits and rewards. Fans collect AstroPoints when using this prepaid card and other AstroPay…
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The acquisition payment will be facilitated through the issuance of an initial set of 3,938,294 ordinary shares, valued at 1 pence each, in Equals Group plc. Further sets of 61,706 shares, and potentially up to 1,000,000 shares (depending on specific conditions), will be issued over the next six months. Ian Strafford-Taylor, CEO of Equals, said:…
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Peter Borstelmann, President of ICE Bonds, said: By modernizing and bringing new efficiencies to the creation and redemption process, the ICE ETF Hub offers a powerful platform for accessing the ETF primary market. Connecting with LiquidityBook’s LBX OEMS gives institutional investors seamless access to our workflow over a highly scalable trade management platform, and it…
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Joining United Fintech In a separate transaction, the two German entrepreneurs, who founded TTMzero, Simon Ullrich and Soenke Blunck, have used part of their share sale proceeds to invest in United Fintech on a group level. United Fintech CEO Christian Frahm commented: For the past few years, the trend has been that financial institutions are…
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Operating income for Q1 reached $384 million, registering a 36% increase compared to the second fourth quarter of last year. Charles Meyers, President and CEO, : We had a strong start to the year, delivering nearly $2 billion of revenue for the quarter, as our outlook remains positive with the overall demand for digital transformation…
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Clients of both SimCorp and FlexTrade will have access to shared future roadmaps, which will enable them to request new features from the domain experts at FlexTrade. Zoe Sheehan, Vice President, Investments at SimCorp, highlighted the importance of accessing liquidity for traders, especially in volatile markets. Sheehan commented: By expanding our native interoperability with EMS…
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eToro also noted that the launch of the ISA solution will be based on “a phased approach” and more products will be integrated in the near future. Dan Moczulski, UK Managing Director, eToro said: We may be a global platform but we are constantly looking for ways to evolve our local offering, and the addition…
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Cristian Vlasceanu, CEO of Centroid Solutions, commented: As a UAE-headquartered global fintech company, we are delighted to closely collaborate with Dubai Financial Market, to enable easy access of Dubai listed securities to our global customer base. Through our flagship multi-asset connectivity technology, financial institutions can now expand their offering, enabling trading of regional securities to…
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DKK's Dubai operation has already secured its World Trade Centre Free Zone license and plans to obtain virtual assets licenses through VARA (Virtual Assets Regulatory Authority) in the near future. It will immediately begin trading and enable local businesses and the local economy to access FX services. Asia Salvatore, Head of Sales for DKK in…
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