Category: Financial Services

Euronext
July 08, 2025 BY Sam Boughedda

Euronext Launches First Phase of Multi-Year Repo Expansion Initiative

The initiative marks a significant expansion of Euronext’s clearing capabilities and is considered a key element of its Innovate for Growth 2027 plan. Announced on July 8, the company explained that the Repo Foundation aims to expand access to repo markets, improve collateral use, and challenge legacy clearing models. It builds on Euronext’s established presence…

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Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution
July 08, 2025 BY Sam Boughedda

Broadridge Strengthens Banks’ Readiness for EU Instant Payment Rules

The fintech firm announced that seven financial institutions have already onboarded its service since its launch in late 2024, enabling real-time payments through connectivity with the European Central Bank’s Target Instant Payment Settlement (TIPS) system. “With instant payments now a regulatory necessity, financial institutions are actively looking for scalable and cost-efficient solutions that ensure seamless…

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July 07, 2025 BY Sam Boughedda

Australian Regulator ASIC Bans Financial Adviser Barry King

In a statement released on July 7, the Australian Securities and Investments Commission (ASIC) said Mr King was “not a fit and proper person” to operate in the sector and was likely to breach financial services law again. ASIC said it found that Mr King concealed information from clients, submitted false documents, misused funds to…

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July 04, 2025 BY Sam Boughedda

Worldpay Adds Domestic Acquiring Capabilities in Thailand

The company said its entry into the market will enable global merchants to better serve Thai consumers. The move allows Worldpay to offer local currency settlements and access to popular alternative payment methods (APMs), including LINE Pay, TrueMoney, PromptPay, and online banking.  The firm said Thai merchants will also benefit from the company’s suite of…

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Broadridge’s Fi360 and ProctorU partner to launch remote proctoring and identity management solution
July 04, 2025 BY Sam Boughedda

Broadridge Agrees Deal to Acquire Acolin

The move is expected to bolster the company’s efficiency and transparency of European fund distribution. The deal will see Broadridge expand its capabilities across Europe, integrating Acolin’s compliance and fund launch support services with its own suite of distribution data, regulatory communication, and analytics offerings. “Acolin’s fund distribution technology and compliance capabilities complement Broadridge’s distribution…

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HKEX
July 03, 2025 BY Sam Boughedda

HKEX Launches Order Routing Service On Integrated Fund Platform

The service is said to be aimed at streamlining communication across Hong Kong’s fund distribution network and enhancing operational efficiency in the city’s fund management industry. HKEX explained that the new service builds on the success of its existing Fund Repository and enables seamless order placement for fund subscriptions and redemptions.  It is designed to…

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CME Group
July 01, 2025 BY Sam Boughedda

CME to Launch FX Tape+

The firm explained that FX Tape+ will aggregate firm price data from its central limit order books, including FX futures, EBS Market, FX Spot+ and FX Link, providing what the company describes as a more transparent and unbiased view of FX market conditions. “By bringing together price information from our network of 1,400 institutions and…

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Clearstream
June 30, 2025 BY Sam Boughedda

Clearstream Announces Launch of Tri-Party Collateral Management Solution with ECMS Go-Live

The move is seen as a milestone in post-trade infrastructure harmonisation across Europe. Following the ECMS go-live on 16 June 2025, Clearstream became the only central securities depository (CSD) to offer full tri-party collateral management integration with the European Central Bank’s new platform.  The ECMS is said to replace previously fragmented national systems, creating a…

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June 30, 2025 BY Sam Boughedda

ASIC Cancels AFS Licence of Perth-Based Ballast Financial Management

According to the regulator, the cancellation followed confirmation that Ballast had ceased operating a financial services business.  The regulator explained that under section 915B of the Corporations Act 2001, ASIC may suspend or cancel a licence if the licensee no longer carries on business. Ballast, which held AFS licence number 233180 since 9 September 2003,…

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