Category: Financial Services

July 16, 2025 BY Sam Boughedda

Worldline Unveils AI-Powered Routing to Lift Payment Authorisation Rates

The Paris-based payments giant said on Wednesday that its AI routing solution, now live following successful pilot programmes, delivers a more than 2% improvement in authorisation rates, building on the 3% uplift already achieved through rule-based routing alone.  They noted that one pilot customer reported a revenue increase of €1.63 million from higher authorisation rates…

Read more
July 16, 2025 BY Sam Boughedda

eToro Expands into Singapore After Securing Capital Markets Services Licence

The move marks a key milestone in eToro’s strategy to expand its presence across Asia-Pacific.  The company stated that with the licence now in effect, eligible retail investors in Singapore can access a broad range of financial instruments through eToro’s platform, including stocks from over 20 global exchanges, exchange-traded funds, and derivatives. “This is an…

Read more
July 15, 2025 BY Sam Boughedda

JPMorgan Fined by FINRA, Ordered to Pay Over $2 Million

FINRA found that between January 2017 and December 2018, JPMS failed to maintain a supervisory system capable of identifying whether its representatives were recommending unsuitable short-term trades in syndicate preferred stocks to retail customers.  The regulator said that at least 15 JPMS representatives were found to have advised customers to buy and then sell these…

Read more
financial buildings
July 15, 2025 BY Sam Boughedda

Euroclear Unveils Plan to Establish a 'True Single Market for Post-Trade Services'

The plan is expected to support the EU’s Savings and Investments Union (SIU) goals by enabling cross-border market access, fostering competition, and encouraging innovation.  It builds on Euroclear’s model, which combines its international central securities depository (Euroclear Bank) with six local CSDs. Valérie Urbain, CEO of Euroclear, said: “The key to more liquid and effective…

Read more
Torstone Technology expands its London headquarters
July 15, 2025 BY Sam Boughedda

Corpay Launches Corpay Complete Platform in the UK

The move aims to help finance teams streamline operations and reduce cost and complexity, given that they are “under growing pressure to do more with less,” said the company. Already in use across the US, Corpay Complete integrates accounts payable, expenses, domestic and international payments, and FX into a single platform tailored for UK businesses. …

Read more
FINRA building
July 14, 2025 BY Sam Boughedda

FINRA Fines Cantor Fitzgerald for Regulation Notification Failures

Between 2017 and 2022, the regulator claims Cantor submitted dozens of untimely or inaccurate filings to FINRA regarding its intent to engage in syndicate covering transactions and trading activities.  According to FINRA, the firm violated several rules, including Regulation M Rule 104 and FINRA Rules 2010 and 5190, by failing to notify regulators in a…

Read more
Beeks Financial Cloud
July 14, 2025 BY Sam Boughedda

Beeks Financial Cloud Group Announces 'Significant' Proximity Cloud Wins

The cloud computing and connectivity provider for financial markets said that the wins included four- to five-year contracts and renewals with brokerage and fintech firms across the UAE and Europe.  The deals are said to reflect “growing demand for Beeks' private cloud infrastructure” and are expected to contribute revenue across both FY25 and FY26. Beeks…

Read more
July 11, 2025 BY Sam Boughedda

CME Average Daily Volume Hits New Heights in Q2

The surge was fuelled by all-time highs in both the Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC) regions, reflecting rising global demand for risk management tools. EMEA ADV reached 6.7 million contracts, up 15% from Q2 last year. Growth was led by Equity Index contracts, which rose 43%, followed by Energy up…

Read more