News Centre

SIA 2019 Financial Statement: Another Record Year For Economic And Business Results

Date 05/03/2020

All Banks In Aruba Now Offer Instant Payments Through IP-Infrastructure Of The Central Bank Of Aruba Implemented By equensWorldline

Date 05/03/2020

Aruba’s entire banking community has switched to Instant Payments (IP) using the Clearing and Settlement Mechanism (IP CSM) of the Centrale Bank van Aruba (CBA), which was implemented by equensWorldline SE, a subsidiary of Worldline [Euronext: WLN], the European leader in the payments and transactional services industry. The implementation of this new payment infrastructure – which is led by the CBA – is unique because the Caribbean island switched completely from traditional batch payments to instant payments. After this successful switch, all interbank payments in Aruban florin initiated in Aruba can be instantly processed 24/7/365. The IP CSM is fully compliant with international standards and ISO20022.

HSBC Sends Home London Research Staff Home After Coronavirus Infections

Date 05/03/2020

HSBC has sent some staff in Canary Wharf, London, home after an employee tested positive for coronavirus

Saudi Arabia Capital Market Authority Recomposes Its Advisory Committee

Date 05/03/2020

The Board of the Capital Market Authority (CMA) issued a resolution to recompose the Advisory Committee for its seventh term to comprise of 12 part-time members from market participants, experts, specialists and experienced college professors. The Committee's composition took into consideration a wider representation of market participants. 

Women In FinTech Powerlist 2019 Released

Date 05/03/2020

International Women's Day takes place this Sunday, and the team here at Innovate Finance would love to know what you or your company are doing for it!

Our Approach To Ensuring Firms Treat Vulnerable Customers Fairly - Speech By Nisha Arora, Director, Consumer And Retail Policy At The FCA, Delivered At The TISA Vulnerability Conference

Date 05/03/2020

Highlights

• Speech to TISA vulnerability conference outlined our forthcoming Guidance, which seeks to give firms greater clarity and explain what, under our Principles for Businesses, firms need to do to ensure that vulnerable consumers are treated fairly and consistently across financial services sectors. 
• We want to see the Guidance embedded in firms’ culture, processes and practices. Our supervisors will be supporting firms to do this and will want to see them demonstrating how they are complying with our Principles in respect of the treatment of vulnerable consumers.
• Our aim with the Guidance is to change the discourse from whether the right boxes have been ticked to achieve compliance, to firms stepping back to ask what their vulnerable customer’s needs are, and how they are then responding to deliver good outcomes.
• We will consult on our revised Guidance in Spring this year with a view to finalising it later in the year.  

FTSE Russell: Straits Times Index (STI) Quarterly Review

Date 05/03/2020

• No changes to the constituents of the STI

FXCM Launches Commission-Free* Equity Trading

Date 05/03/2020

FXCM Group, LLC (“FXCM Group’ or ‘FXCM’), a leading international provider of online foreign exchange trading, CFD trading, cryptocurrencies and related services, is expanding into equity trading with the launch of a commission-free* trading service in collaboration with Interactive Brokers. 

R.J. O’Brien Named Best Independent FCM At HFM US Quant Awards 2020 - Award For Exceptional Client Service And Innovation Marks 8th Win For RJO And UK Affiliate In HFM Global Award Series

Date 05/03/2020

Chicago-based R.J. O’Brien & Associates (RJO), the oldest and largest independent futures brokerage and clearing firm in the United States, has won the award for Best Independent FCM (Futures Commission Merchant) at the HFM US Quant Awards 2020. The award series expanded on the honors given for the previous six years in the CTA Intelligence Awards, making the win the eighth honor bestowed on RJO and its UK affiliate by the HFM Global network of publications.

BIS: Financial Crises And Innovation

Date 05/03/2020

Focus

Growth and productivity are persistently low following financial crises. This paper examines how financial crises affect innovation. Patents are an important measure of the kind of innovative activity that can lead to productivity gains. We study patent data from a broad sample of countries and financial crises and consider impacts up to 10 years after a crisis.