News Centre

New Industry Research Highlights Need To Invest In Middle Office Amid Increasing Operational Pain Points For Firms

Date 04/03/2021

Torstone Technology, a leading SaaS platform for post-trade securities and derivatives processing, and Firebrand Research, a provider of research and advisory services, has today published a white paper highlighting the need for sell-side firms to re-evaluate their current processes and invest in the middle office in order to improve operational controls, reduce risk and support regulatory compliance.

EPA Releases New Insight To Explore How Fintech Can Tackle Financial Exclusion - New Report Shows That The 10 Million UK Adults Excluded From Affordable Credit Who Need To Manage Irregular Income Cycles Are Increasingly Able To Access The Funds They Need Through Fintech App

Date 04/03/2021

The Emerging Payments Association (EPA), which promotes collaboration and innovation across payments, has today published a new paper that shows the serious problem of financial exclusion in the UK and how innovation in Fintech can allow people to access affordable credit. This comes at a time when over 10 million adults in the UK cannot access affordable credit, often because of low credit scores or badly designed credit products. However, new financial technology, most notably inclusive credit, can offer a way out of precarity for millions of people.

State Street Introduces New Peer-To-Peer Repo Financing Marketplace For The Buy-Side - Innovative New Solution Improving Access To Liquidity, And Driving Scale And Flexibility For The Buy Side In Repo Markets

Date 04/03/2021

State Street Corporation (NYSE:STT) today announced the release of a new Peer-to-Peer Repo program for the buy side. Building from its market-leading position in sponsored repo and securities lending, including peer-to-peer opportunities within its agency lending program, Peer-to-Peer Repo enables competitive financing costs across a broader range of collateral types and yield enhancement opportunities compared to traditional repo markets. State Street guarantees the payment obligations of cash borrowers to cash lenders within the program following a default, thus facilitating bilateral trading by counterparties with varying credit and capital strength.

Bursa Malaysia Securities Publicly Reprimands, Fines And Orders To Strike Off Mohd Ikmal Bin Zulkifli For Misconducts And Violation Of Rules

Date 04/03/2021

Bursa Malaysia Securities Berhad [Registration No.: 200301033577 (635998-W)] (Bursa Malaysia Securities) has publicly reprimanded and imposed a fine of RM28,500 on Mohd Ikmal Bin Zulkifli (IKMAL) and ordered to strike off IKMAL from the Register if he was still a Registered Person of Bursa Malaysia Securities for misconducts/breaches involving personal/unauthorised trades in the accounts of 2 clients (Client A and Client B/Clients) and misapplication of Client B’s trust monies/sales proceeds/contra gains to settle IKMAL’s unauthorised purchases.

Straits Times Index (STI) Quarterly Review - March 2021- No Changes To The Constituents Of The STI

Date 04/03/2021

FTSE Russell announces that there will be no changes to the constituents of the Straits Times Index (STI), following the March 2021 quarterly review.

Backbase-Powered Mobile Banking App Drives Member Adoption And Satisfaction For WSECU - Leading Washington State Credit Union Increases Registered Mobile Users By 39% After Tapping Engagement Banking Technology Provider Backbase To Create New Mobile Banki

Date 04/03/2021

Washington State Employees Credit Union (WSECU), a leading Washington State financial institution, announced today the results of its ongoing partnership with digital banking technology provider Backbase as part of its modernization strategy. WSECU reports that, since launching its Backbase-powered mobile banking app in December 2019, registered mobile users have increased by 39%, and monthly active users have grown by 19%.

HAV Lists On Euronext Growth Oslo

Date 04/03/2021

The cleantech company HAV Group has today been admitted to trading on Euronext Growth (ticker code: HAV).

The EBA Highlights Key Money Laundering And Terrorist Financing Risks Across The EU

Date 04/03/2021

The European Banking Authority (EBA) yesterday published its biennial Opinion on risks of money laundering and terrorist financing (ML/TF) affecting the European Union's financial sector. The ML/TF risks identified by the EBA include those that are applicable to the entire financial system, for instance the use of innovative financial services, while others affect specific sectors, such as de-risking. The list also includes ML/TF risks that emerge from wider developments such as the COVID-19 pandemic that has an impact on both firms’ AML/CFT compliance and competent authorities’ supervision. The Opinion, therefore, sets out recommendations to competent authorities aimed at closing these gaps.

CISI Colombo Office Celebrates 10 Years

Date 04/03/2021

The Chartered Institute for Securities & Investment (CISI) Sri Lanka office turned ten on 3 March 2021, celebrating a decade of operating as a core hub to serve its international expansion.

Spectrum Markets Hits Two Million Trades

Date 04/03/2021

• Milestone reached on the pan-European trading venue for securitised derivatives in February
• Over 37% of trades happened outside traditional market hours
• Venue has seen steady growth since launch in October 2019