According to a Letter of Acceptance, Waiver, and Consent (AWC) published by the regulator, the New York-based investment banking firm failed to establish and implement policies and internal controls reasonably designed to comply with the Bank Secrecy Act. Notably, FINRA says the firm did not respond in a timely manner to Financial Crimes Enforcement Network…
Read moreThe move expands its suite of equity derivatives products aimed at both retail and institutional investors. The new options, which began trading on 14 April, are said to be based on the S&P 500 Equal Weight Index, where each constituent is weighted equally at 0.2% following quarterly rebalancing. Cboe explained that, unlike the traditional capitalisation-weighted…
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In a press release on Sunday, CME noted that the post-trade solutions provider, formed in 2021, has grown into a critical infrastructure player in the global over-the-counter (OTC) derivatives market. The enterprise value of the transaction will be split equally between S&P Global and CME Group, which each hold a 50% stake in OSTTRA. The…
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The funding is expected to support Plum’s expansion plans and ongoing efforts to scale its business, particularly as it grows its user base across the UK and Europe. The London-based fintech, which uses AI to help users manage savings and investments, now serves over two million customers and has helped set aside more than £5…
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The partnership is expected to enable real-time fund transfers for millions of users in the region. The company explained that the collaboration will let bank and mobile wallet users link their accounts with PayPal and transfer funds seamlessly and securely. Citing Mordor Intelligence, the company said digital payment volumes in the MENA region are expected…
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The fine and censure are said to be for multiple compliance violations, including failures to implement policies required under Regulation Best Interest (Reg BI). According to a Letter of Acceptance, Waiver, and Consent published by FINRA last week, the firm failed to establish, maintain, and enforce written procedures reasonably designed to comply with Reg BI…
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The collaboration integrates Broadridge’s Distributed Ledger Repo (DLR) platform with Fnality’s Payment System (FnPS), enabling delivery versus payment (DvP) using digital representations of funds held at central banks. Broadridge said in a press release that the initiative is expected to improve efficiency, optimise liquidity management, and reduce operational risk in repo markets. “This leap forward…
Read moreThe dashboard is designed to enable market participants to take control of their financial resources. The upgraded version is said to enhance transparency and efficiency. Furthermore, the company highlighted that the enhanced dashboard introduces a detailed breakdown of failed settlement instructions, helping users gain a clearer view of credit line utilisation and collateralisation. It also…
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The company added that its CEO and Co-Founder, David Vincent, along with the firm’s broader management team, will invest alongside TA, reinforcing their long-term commitment to the company. The France-based fintech firm, which operates in major financial hubs including London, New York, and Tokyo, provides SaaS solutions to support electronic trading and payments. TA’s investment…
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The firm explained that the collaboration aims to digitise payments for SMEs using vertical SaaS platforms, replacing manual transactions with secure, streamlined solutions. By integrating Unipaas’ compliant payment infrastructure with Mastercard’s global network and fraud protection capabilities, the partnership is expected to enable SaaS platforms to offer SMEs improved payment processing. The shift is seen…
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