Tag: fintech

IOSCO issues statement on liquidity risk management recommendations for investment funds
February 08, 2017 BY Valentina Kirilova

IOSCO analyzes potential of tech-driven change in the securities market industry

A new report published today highlights the increasingly important intersection between financial technology (Fintech) and securities market regulation, and describes the impact it has on investors and financial services. The IOSCO Research Report on Financial Technology, published by the International Organization of Securities Commissions (IOSCO), describes a variety of innovative business models and emerging technologies…

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January 16, 2017 BY Valentina Kirilova

Prime broker Divisa Capital raises $100 million from Gulf investors

Innovative brokerage and trading technology solutions provider Divisa Capital just announced US$100 million of funding from an investor in the Gulf region, subject to regulatory approvals. The funding is comprised of an initial tranche of US$70 million from the principal behind a Saudi Arabian family office. Additional tranches from a consortium of investors in Saudi…

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fintech
January 11, 2017 BY Valentina Kirilova

Belgium to build fintech bridge to London

While other major European capitals play to Brexit fears in a bid to steal the UK's leading fintech hub status, Belgium is taking a different approach by seeking to build a mutually supportive bridge between startups across both jurisdictions. A delegation led by Belgian finance minister Johan van Overtveldt has crossed the channel to initiate…

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December 15, 2016 BY Valentina Kirilova

ASIC to allow fintech startups to test services without a license

ASIC has today released class waivers to allow eligible financial technology (fintech) businesses to test certain specified services without holding an Australian financial services or credit licence. ASIC Commissioner John Price said: ASIC’s 'fintech licensing exemption' is unique. No other major jurisdiction has implemented a class waiver which allows eligible businesses to notify the regulator…

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December 01, 2016 BY Valentina Kirilova

Naga Group and Deutsche Börse form the joint venture Switex

Hamburg-based FinTech firm Naga Group AG and Deutsche Börse Group are to launch the first global exchange for virtual gaming products. The two companies have set up the joint venture firm Switex GmbH which will launch the world’s first neutral, secure and reliable platform for the exchange and trade of in-game items. The management team…

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November 23, 2016 BY Valentina Kirilova

Deutsche Börse acquires stake in figo GmbH

DB1 Ventures, the Corporate Venture Capital arm of Deutsche Börse Group, has participated in a Series B financing round for the Hamburg-based FinTech company figo GmbH and is investing a seven-digit amount for a significant minority stake. Further investors are reputable business angels from Germany. figo raised around €6.8 million in total in the current…

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November 22, 2016 BY LeapRate Staff

How FinTech is changing banking and how we use our money

How is FinTech changing the way we think about money, spend money, lend money, move money....? Yael Warman from Leverate takes a peek. This is the story of Satoshi Nakamoto, though that's not his real name. He had an idea for an electronic currency verified by a block chain, unlinked to any central bank or…

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November 21, 2016 BY Valentina Kirilova

SGX in blockchain group advancing Singapore’s vision of Smart Financial Centre

Singapore Exchange (SGX) has announced that has become part of an industry-wide collaboration that will harness blockchain technology to advance Singapore’s vision of a Smart Financial Centre. At last week’s Singapore FinTech Festival, the Monetary Authority of Singapore (MAS) has announced a partnership with the financial innovation group R3, and a consortium of financial institutions to…

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MAS Monetary Authority of Singapore
November 16, 2016 BY Valentina Kirilova

Monetary Authority Of Singapore issues FinTech regulatory sandbox guidelines

The Monetary Authority of Singapore (MAS) has published its regulatory sandbox guidelines to encourage and enable experimentation of solutions that utilise technology innovatively to deliver financial products or services. The guidelines incorporate feedback from the public consultation as well as learning points from actual sandbox applications. The guidelines will improve the clarity, flexibility and transparency…

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