French Fintech Lemon Way selects Accuity to streamline its financial crime compliance process LeapRate

February 27, 2018 BY Valentina Kirilova

French Fintech Lemon Way selects Accuity to streamline its financial crime compliance process

Accuity, the provider of financial crime compliance, payments and counterparty know-your-customer (KYC) solutions, has embarked on a project to help payment solutions company, Lemon Way, to more efficiently identify financial crime and flag potentially high-risk customers. Lemon Way has chosen to implement Firco Compliance Link, an Accuity solution which will enable the business to streamline…

Eurex enhances European ETF ecosystem with new product

February 27, 2018 BY Valentina Kirilova

Deutsche Börse welcomes J.P. Morgan Asset Management as new ETF issuer

Exchange traded funds issued by J.P. Morgan Asset Management have been tradable on Xetra and the Börse Frankfurt venue for the first time since Tuesday. At the start of trading, the product range comprises two bond index ETFs and three active ETFs, which enable investments in selected alternative beta strategies. The J.P. Morgan Asset Management…

February 27, 2018 BY Valentina Kirilova

New UK credit cards rules protecting high-risk customers to kick in March 1

The Financial Conduct Authority (FCA) has today published its final policy statement on new rules for the credit card market. The FCA estimates the changes will save consumers between £310 million and £1.3 billion a year in lower interest charges. The new rules come into force on 1 March 2018, but firms have until 1…

February 27, 2018 BY Valentina Kirilova

SFC obtains disqualification orders against former directors of Starlight

The Court of First Instance has ordered Starlight Culture Entertainment Group Limited’s (Starlight) former chairman Mr Tong Shek Lun and two former executive directors, Ms Kinny Ko Lai King and Ms Regina Chung Wai Yu, to pay a sum of US$890,241.37 as compensation to Starlight following findings of misconduct in connection with their handling of…

February 27, 2018 BY Valentina Kirilova

Credit card lender Vanquis fined £2 million for ROP disclosure issues

The Financial Conduct Authority (FCA) announced that it has today imposed a fine of £1,976,000 on credit card lender, Vanquis, for failing to disclose the full price of an add-on product, called Repayment Option Plan (ROP). The firm will also repay an estimated £168,781,000 in compensation which constitutes the amount of the charges not disclosed…

February 27, 2018 BY Valentina Kirilova

New Zealand's FMA to hold Directors to account for FSPR abuse, first charges filed

The Financial Markets Authority (FMA) announced that it has filed criminal charges against a company and its New Zealand-based director for breaching the Financial Service Providers (Registration and Dispute Resolution) Act (FSP Act). The company is charged with two counts of breaching section 12 of the FSP Act. The New Zealand-based director is charged with…

February 26, 2018 BY Valentina Kirilova

Franklin Templeton accesses the Swiss market as ETF issuer

Franklin Templeton just announced that it has accessed the Swiss market as ETF issuer with five smart beta ETFs for which Susquehanna is acting as a market maker and providing the liquidity. The five smart beta ETFs newly tradable as of today. They provide investors additional opportunities to diversify their portfolio with European as well…

February 26, 2018 BY Valentina Kirilova

Stock Exchange of Thailand to launch T+2 settlement cycle

The Stock Exchange of Thailand (SET) and market participants have confirmed their readiness to move toward the T+2 settlement cycle (T+2) on March 2, 2018, after successfully completed all preparation. SET has become one of the leading exchanges in ASEAN to move toward the T+2 cycle. This will align the operational process with international practice…

February 26, 2018 BY Valentina Kirilova

FCA to introduce a Public Register

Later this year, the Financial Conduct Authority (FCA) informed that it will consult on proposals to make information available on a wider range of individuals at authorised firms. The FCA and Prudential Regulation Authority (PRA) currently maintain a public Financial Services Register, “the FS Register”, of the firms they regulate and the individuals they have…

February 26, 2018 BY Valentina Kirilova

Hong Kong SFC and FINMA sign Fintech cooperation agreement

The Securities and Futures Commission (SFC) announced that it has entered into an agreement with the Swiss Financial Market Supervisory Authority (FINMA) to establish a framework for cooperation on financial technology (Fintech). Under the agreement, the SFC and FINMA will cooperate to share information on emerging Fintech trends, developments and related regulatory issues as well…

Category: Financial Services