News Centre

Fiserv Delivers Embedded Finance To DoorDash Crimson Program

Date 22/10/2024

Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, today announced a collaboration with DoorDash to embed financial services within the online delivery leader’s digital platform. The collaboration is part of the DoorDash Crimson Program, which aims to deliver a new and improved banking experience for “Dashers.” The DoorDash Crimson Program is launching this month with a rollout planned in the coming weeks.

Lifecare Transfers To Euronext Oslo Børs

Date 22/10/2024

• The second transfer on Euronext Oslo Børs this year

• Market capitalisation of approximately NOK 317 million

Fiserv Reports Third Quarter 2024 Results

Date 22/10/2024

• GAAP revenue growth of 7% both in the quarter and year to date;
• GAAP EPS decreased 37% in the quarter and increased 6% year to date;
• Operating cash flow increased 24% to $4.41 billion year to date;
• Organic revenue growth of 15% in the quarter and 17% year to date;
• Adjusted EPS increased 17% in the quarter and 18% year to date;
• Free cash flow increased 23% to $3.34 billion year to date;
• Company raises 2024 organic revenue growth outlook to 16% to 17% and adjusted EPS outlook to $8.73 to $8.80

MDX Technology Acquires Schematiq To Empower Users To Transform Models Into Scalable Business Solutions

Date 22/10/2024

• Acquisition creates the world’s first platform for model and data distribution designed for financial services
• Driven by clients looking to unlock and scale business logic from Excel and desktop models to enterprise-wide platforms 
• Darren Harris appointed as Chief Product Officer

EEX Launches French Biogas Guarantees Of Origin Auctions In December

Date 22/10/2024

The European Energy Exchange (EEX) will start quarterly auctions for biogas Guarantees of Origin (GOs) on behalf of the French Ministry of Energy on 4 December, 2024. At the auctions, the French State sells GOs produced by selected biogas facilities benefiting from a state support mechanism.

New Dubai Financial Services Authority Thematic Review: Complaints Handling

Date 22/10/2024

The Dubai Financial Services Authority (DFSA) has published the findings of its Thematic Review of Complaints handling practices within the Dubai International Financial Centre (DIFC). The Review covered the entire Complaints handling process, from initial identification to final resolution and governance, and offered insights into the culture at Authorised Firms (AFs).

GLEIF Opens Mumbai Office To Support Continued Widespread LEI Adoption In India - India Enjoys Highest Rates Of LEI Growth Across All Markets Globally In 2024, As Regulation Embeds The LEI As A Cornerstone Of The Indian Economy

Date 22/10/2024

The Global Legal Entity Identifier Foundation (GLEIF), headquartered in Switzerland, has opened an office in Mumbai, India. The organization is expanding its 'on-the-ground' presence to gain deeper insights into local market dynamics and to provide enhanced support to regional authorities, businesses, and other Global LEI System stakeholders as demand for Legal Entity Identifiers (LEIs) continues to escalate across the Indian subcontinent.

Hamdan bin Mohammed Launches Ignyte, A DIFC-Curated Digital Platform Set To Accelerate Over 100,000 Start-Ups And Entrepreneurs Toward Global Growth

Date 22/10/2024

• Ignyte is a key initiative under the Dubai Digital Economy Strategy, designed to drive exponential growth of start-ups across industries
• The DIFC-curated platform provides start-ups with the tools to scale faster and more effectively, making it the ultimate growth hub for the region
• Ignyte connects start-ups and founders with investors, mentors, corporate organisations and governments entities
• Ignyte aims to become the go-to platform for 100,000 start-ups and entrepreneurs, connecting them with 5,000 VCs and Angel Investors, 5,000 mentors and experts, and 500 corporate and government partners
• The platform will also feature 5,000 exclusive perks and offers on its Marketplace, delivering total savings of over USD 100mn
• Ignyte will also offer digital competitions for start-ups and entrepreneurs through “Ignyte Challenges”

FSB Chair Sets Out The FSB’s Work To Maintain Financial Stability Amidst Technological Advancements

Date 22/10/2024

• FSB Chair calls for continued momentum in addressing longstanding financial system vulnerabilities related to elevated debt levels and asset valuations, non-bank liquidity and leverage, and asset and funding market interlinkages.
• Accompanying report on tokenisation finds low adoption in the financial sector to date, but warns that financial stability risks could rise if tokenisation scales up significantly and if identified vulnerabilities are not adequately addressed.
• Jurisdictions have made progress in implementing the policy and regulatory responses to address the risks of crypto-assets, developed by the IMF, FSB, and standard-setting bodies (SSBs), but challenges remain.

ETFGI Reports Assets Invested In The ETFs Industry In Europe Reached A New Record Of 2.25 Trillion US Dollars At The End Of September

Date 22/10/2024

ETFGI, a prominent independent research and consultancy firm specializing in providing subscription research and annual events on trends in the global ETFs industry, reported today that assets invested in the ETFs industry in Europe reached a new record of US2.25 trillion at the end of September. During September the industry gathered net inflows of US$24.27 billion, bringing year-to-date net inflows to a record US$176.24 billion, according to ETFGI's September 2024 European ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)