Category: Financial Services

ATFX
November 18, 2024 BY Sam Boughedda

ATFX Connect Strengthens Centroid Solutions Collaboration to Enhance Market Liquidity

The company explained that the strengthened collaboration aims to enhance market connectivity and liquidity for its clients of all sizes. They state that by integrating Centroid's bridge technology, brokers can directly connect to top-tier liquidity providers, resulting in faster execution speeds and reduced latency.  The partnership is said to offer several key benefits to brokers,…

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LME proposes requirements for the responsible sourcing of metal in listed brands
November 15, 2024 BY Sam Boughedda

LME Clear Unveils Proposals to Boost Market Resilience

Outlined in a consultation released on 14 November, the proposals include raising minimum capital requirements for clearing members, capping mutualised default fund contributions, and introducing anti-procyclicality controls. The company explained in a press release that the proposed increase in minimum net capital requirements for clearing members—from $10 million to $30 million—aims to align LME Clear…

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Breaking news: Andrey Dashin announces Exinity launch
November 14, 2024 BY Sam Boughedda

Exinity Partners with Trading Technology Provider TraderEvolution

The company, which designs, engineers and markets a growing range of trading and investing products, said it is aiming to enhance Exinity's trading platform and provide trading and investing experiences across various asset classes. Over the upcoming year, it is expected that Exinity Group's trading capabilities will be enhanced by the integration of TraderEvolution's technology,…

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November 13, 2024 BY Sam Boughedda

Augmentum Fintech Makes $4m Investment in UAE's Pemo

This investment spearheads a $7 million funding round for Pemo. Founded in 2022, Pemo focuses on serving small and medium-sized enterprises (SMEs) in the UAE. They offer corporate cards and a platform to manage business expenses and payments. Augmentum explained in a press release that, with only 1.7% of payments currently made using corporate cards…

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LSEG, London Stock Exchange
November 13, 2024 BY Sam Boughedda

LSEG and IDVerse Announce New Identity Infrastructure Partnership

The companies said in a press release that the partnership will integrate IDVerse's advanced identity verification tools and infrastructure into LSEG's existing suite of digital identity and fraud solutions, allowing businesses to scale global operations and improve the speed and reliability of customer onboarding processes. IDVerse's technology is powered by generative AI and is designed…

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November 13, 2024 BY Sam Boughedda

Morgan Stanley Expansion Capital Invests $20 Million in NovoPayment

NovoPayment, which specialises in delivering digital banking, payments, and card solutions, is expected to use the funding to help accelerate its product and commercial growth and strengthen its position in the banking and payment vertical SaaS market. NovoPayment's platform aims to let banks, fintechs, and other financial institutions deliver digital financial and payment services.  Its…

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November 12, 2024 BY Sam Boughedda

Metro Bank Hit With £16m Fine By FCA For Financial Crime Failings

Metro Bank has been fined £16.67 million by the Financial Conduct Authority (FCA) for serious financial crime failings, the regulator revealed on Tuesday. The FCA said that between June 2016 and December 2020, Metro failed to implement adequate systems and controls to monitor over £51 billion worth of transactions for potential money laundering. They explained…

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November 12, 2024 BY Sam Boughedda

Citigroup Fined SEK 6 Million for Breach of Nasdaq Nordic Member Rules

The financial giant was found to have breached several rules, including a failure to implement sufficient pre-trade controls and a lack of adequate monitoring of trading activity. The incident that led to the fine occurred on May 2, 2022, when a significant price drop was observed across multiple financial instruments and indices traded on Nasdaq…

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