Category: Financial Services

Broadridge presents new securities lending assessment solution for mutual funds
November 04, 2024 BY Sam Boughedda

Broadridge Completes Kyndryl SIS Takeover

The company explained that the move strengthens its position in the Canadian financial services market, enabling it to offer comprehensive wealth management and capital markets solutions to Canadian firms. The acquisition of SIS, which specialises in clearing and settlement, account record keeping, tax and regulatory reporting, and integrated order management, align with Broadridge's target of…

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Cboe
November 04, 2024 BY Sam Boughedda

Cboe Launches New Timestamping Service

The company explained that the service enhances market transparency and efficiency, offering traders insights into order execution and cancellation processes. They added that the new service is available on all Cboe-affiliated U.S. Equities Exchanges, providing market participants with detailed information about order and cancel messages. By analysing timestamp data, traders and participants are able to…

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November 04, 2024 BY Sam Boughedda

Wise Expands Reach with Direct Access to Philippines' InstaPay

The company revealed in a press release that the integration, along with a direct settlement account with the Bangko Sentral ng Pilipinas (BSP), will significantly enhance cross-border payment experiences for millions of Wise customers and its platform partners. Via its direct connection to InstaPay, Wise can now offer instant transfers of up to 50,000 Philippine…

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October 31, 2024 BY Sam Boughedda

CLSNet Expands Reach as MUFG Bank Joins the Network

CLS explained in a press release that the move is expected to significantly improve operational efficiency and reduce risk for the bank. CLSNet, a platform designed to standardise and centralise post-trade processes for over 120 currencies, has gained traction in recent years. By joining the network, CLS said MUFG will benefit from the expanding roster…

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StoneX
October 30, 2024 BY Sam Boughedda

CAB Payments and StoneX Continue Acquisition Discussions

The company revealed that StoneX is currently conducting due diligence as part of the process. Earlier this month CAB Payments said it had received an unsolicited non-binding proposal from StoneX at 145p per share. "Discussions with StoneX are continuing and StoneX and its advisers are undertaking due diligence," CAB Payments said in its release on…

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Hong Kong stock exchange
October 30, 2024 BY Sam Boughedda

HKEX to Expand Middle East Presence with Riyadh Office

The company said the strategic move aims to strengthen HKEX's presence in the Middle East and facilitate greater connectivity between the two regions. HKEX is aiming to promote new opportunities for its customers and issuers, with the Riyadh office predicted to serve as a crucial hub for HKEX to engage with investors and companies. Saudi…

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October 29, 2024 BY Sam Boughedda

StoneX Opens New Offices in India

The new facilities are said to house a combined workforce of 800 employees, significantly bolstering the company's presence in the country. Since establishing its Global Capability Centre in India in 2019, StoneX has experienced solid growth and now employs over 550 staff in-country, contributing to its global workforce of more than 4,300 employees. Greg Kallinikos,…

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FCA
October 28, 2024 BY Sam Boughedda

FCA Concludes Investigation into Wise CEO, Imposes £350k Penalty

The investigation originated from Käärmann's inclusion on the HMRC list of individuals who received penalties for deliberate tax defaults in 2017/2018. While the FCA said in its release that it did not find that Käärmann acted with a lack of integrity or was unfit to perform his role, it determined that he should have notified…

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October 25, 2024 BY Sam Boughedda

Italian Regulator CONSOB Blocks 6 Financial Websites

The latest move brings the total number of blacklisted websites to 1,162 since July 2019. The blacklisted websites include: Tradetospace Global Limited (website: https://tradetospace.com) Continental Invest Ltd (website: https://continental-invest.ltd) "TradexService" (website: https://tradexservicescfd.com) "2139 Exchange" (websites: https://2139b.com and https://2139c.com) "Eminent Miner" (website: https://eminent-miner.com) Consob used its authority granted by the "Growth Decree" and additional powers introduced…

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October 25, 2024 BY Sam Boughedda

Montreux Capital Management Acquires GC Partners Group

The move is aimed at bolstering Montreux's presence in the financial services industry and capitalising on the growing market for cross-border transactions. GC Partners has two decades of experience and has built a strong reputation for delivering tailored financial solutions to clients worldwide.  The company's global network of offices enables it to provide efficient and…

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