News Centre

Citi Joins ICE ETF Hub As An Authorized Participant

Date 22/09/2020

Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, today announced that Citi has joined the ICE ETF Hub as an authorized participant. Citi was a founding member of the ICE ETF Hub advisory committee, providing early feedback on the design of the platform.

Matrix Hires Justin Wolfe As Chief Technology Officer - Ex Charles River Development Lead Engineering Team Manager Joins Matrix To Supercharge Ambitious Technology Development Programme

Date 22/09/2020

Matrix, a leading solution provider to asset owners and managers appoints industry veteran Justin Wolfe as Chief Technology Officer (CTO). Justin will be responsible for heading up Matrix’s ambitious technology roadmap to support a growing client base.

Numerix CEO Steven O’Hanlon In Partnership With FinTech Circle CEO Susanne Chishti Publish FinTech For Dummies

Date 22/09/2020

• This Comprehensive, Hands-On Guide Is The Go-To Resource For Everything You Need To Confidently Navigate The Ever-Changing Scene Of The Booming Fintech Industry 
• FinTech For Dummies Sheds Light On This Rapidly Changing Landscape Making It An Invaluable Guide For Anybody Working In Or Interested In Learning More About This Space    

CloudMargin Raises $15 Million In Series B Funding Round With Citi, Deutsche Bank And Deutsche Börse As Primary Investors - Largest Funding Round To Date For World's First Cloud-Based Collateral Management Solution Provider

Date 22/09/2020

CloudMargin<https://cloudmargin.com/>, creator of the world's first and only collateral and margin management solution native to the cloud, today announced that it has closed on its largest funding round to date, bringing in $15 million in a Series B capital raise. Primary investors were Deutsche Börse, one of the largest exchange organisations worldwide, along with Tier-1 global investment banks and current CloudMargin clients Deutsche Bank and Citi.

Kroll Enhances Managed Detection And Response Solutions With Kroll Responder - 24x7 Threat Hunting And Superior Incident Response To Deliver Best-In-Class Endpoint Security

Date 22/09/2020

Kroll, a division of Duff & Phelps, the global leader in risk mitigation, investigations, compliance, cyber resilience, security and incident response solutions, today announced that it has elevated its managed detection and response (MDR) capabilities with Kroll Responder. Responder is a turnkey solution delivering 24x7 MDR, merging robust monitoring, proactive threat hunting and superior incident response by Kroll’s seasoned investigators to provide unrivaled visibility and augment organizations’ security operations.

FinCEN Files Leak - Statement From Kompli-Global

Date 22/09/2020

News broke on Sunday of the FinCEN files leak. Leaked documents involving about $2tn of transactions, revealed how some of the world's biggest banks have allowed criminals to move dirty money around the world. Jane Jee, CEO, Kompli-Global, an authority on regulation and regulatory technology to help regulated entities combat fraud and money laundering ommented:

“In the latest scandal to hit the banking sector and severely tarnish the UK’s reputation as an ethical place to do business, leaked documents, involving about $2tn of transactions, have revealed how some of the world's biggest banks have allowed criminals to move dirty money around the world. The International Consortium of Investigative Journalists (ICIJ) released files over the weekend that were mainly Suspicious Activity Reports filed with a U.S. Treasury Department agency known as the Financial Crimes Enforcement Network, or FinCEN”.

BETTER FINANCE: Stakeholders And Authorities Show Faith In European Personal Pension (PEPP) - PEPP Only Called Into Question By Finance Industry Due To High Costs For Intermediaries

Date 22/09/2020

The latest draft of the Pan-European Personal Pension (PEPP) delegated (level 2) regulation was up for discussion last Friday during a broad and well-attended conference on the issue of PEPP and Financial Repression organised by consumer organisations Bund der Versicherten e. V. (BdV) and BETTER FINANCE and, attended by more than 200 participants. Gabriel Bernardino, Chair of the European Authority EIOPA, Dragoş Pîslaru, Member of the European Parliament and the rapporteur for PEPP, and many other important experts representing different stakeholders discussed the opportunities and challenges presented by PEPP. Axel Kleinlein, Managing Director of BdV and President of BETTER FINANCE, summarises the discussion: “Nearly all stakeholders are optimistic about the future success of a PEPP. But some lobbyists of the financial industry want more money for their intermediaries for selling the PEPP”. Guillaume Prache, Managing Director of BETTER FINANCE who started the conference with a speech about financial repression adds: “In this very challenging economic situation of financial repression, the PEPP could be the solution for more value for money and a chance to ensure a decent retirement provision”.

Openness To Innovation The Clearest Indicator Of Success For British SMEs

Date 22/09/2020

• 76% of UK’s top performing small businesses regularly consider ways to improve their products and services
• In comparison, only 40% of the weakest performing businesses do the same
• New findings come as part of an independent, holistic study into small business success, commissioned by Allica Bank to support British businesses

HKEX: Forfeiture Of Unclaimed Interim Dividend For 2014

Date 22/09/2020

On 7 August 2020, Hong Kong Exchanges and Clearing Limited (“HKEX”) announced that, pursuant to HKEX’s Articles of Association, the interim dividend for 2014 of HK$1.83 per share, payable on 22 September 2014 and remaining unclaimed on 22 September 2020, would be forfeited and would revert to HKEX. Accordingly, the unclaimed interim dividend for 2014 amounting to HK$10,729,940.43 is forfeited and reverts to HKEX today.

SIX White Paper - Future Of Billing: The Digital Transformation Of Invoicing

Date 22/09/2020

Switzerland is the country of payment slips, but their days are numbered – QR-bill and eBill are the successors. The way in which invoices are issued is also changing dramatically. The new SIX white paper on the “Future of Billing” provides guidance on this issue.