News Centre

COP28 President Stresses Fears Of Not Meeting Global Climate Goals

Date 06/09/2023

Global climate goals are at risk of not getting met, voiced the president of the upcoming COP28 in a summit on Tuesday as African leaders called for changes to be made in what they called an unfair international climate finance system.

Consumers Are Ready For Crypto If Industry Can Address Key Concerns, Coincover Study Finds

Date 06/09/2023

• A survey of 16,000+ global consumers finds that 17% already own crypto – 30% likely to buy crypto in the next 12 months  
• However, crypto is not reaching its full potential as consumers still have concerns with systemic instability and criminality, including fraud and hacking 
• Crypto exchanges are the least trusted of all financial service providers by non-crypto users. 
• To change these perceptions and boost confidence, Coincover and CryptoUK call for self-regulation and industry standards  

Dave Clack Joins Adaptive Financial Consulting As Chief Product Officer

Date 06/09/2023

• Firm appoints former LMAX Head of Technology Delivery, Dave Clack, to newly created role
• Appointment follows eight-year tenure as a non-executive board advisor for the firm
• New role follows continued investment in the Aeron software and Adaptive’s accelerator technologies

DataLend: August 2023 Securities Lending Revenue Up 8% YoY To $945 Million - Kenvue And AMC Deals Spur Increased Lending Revenue

Date 06/09/2023

The global securities finance industry generated $945 million in revenue for lenders in August 2023, according to DataLend, the market data service of fintech EquiLend. The figure represents an 8% increase from the $878 million generated in August 2022.

Egyptian Exchange & Financial Regulatory Authority Participate In Africa Climate Summit - Kenya 2023

Date 06/09/2023

Less Than 90 Days To COP28: DIFC And GEFI Continue To Drive Action For Climate Finance And Announce Additional Event Programme

Date 06/09/2023

• The DIFC-hosted GEFI ‘Path to COP28’ programme is to culminate in a series of finance-focused events during COP28 in December.
• Aligned with the COP28 Presidency’s vision, high-level climate finance summit developed to address ‘Financing Survival’ on 4 December.
• The joint events programme will also delve into how Shariah-compliant finance represents an untapped pool of capital to actively address climate change.
• The SDG Hive at COP28 to hold a series of high-impact discussions around select COP28 themes.

Appital Launches Insights To Redefine How Buyside Engage To Unlock Unique Liquidity - An Industry First, Appital Insights™ Allows Buyside Institutions To Assess The Viability Of Executing Larger ADV Orders Without Alerting The Market

Date 06/09/2023

• Appital Insights™ empowers traders and PMs to gain exposure to liquidity events in relevant equities that meet their minimum ADV or pricing thresholds
  
• They are no longer constrained by placing large orders directly into the market and risk information leakage or price erosion
• Buyside traders and PMs can now be confident that they will be able to successfully execute large or illiquid equity trades before entering the market via Appital Turquoise BookBuilder™

FirstRand Bank Visits Shanghai Gold Exchange

Date 06/09/2023

On September 4, 2023, a delegation from FirstRand Bank, led by Nanagolo Phiri, Head of Corporate Client Group, Phakamile Mainganya, Chief Risk Officer, and Thabani Zungu, Head of Credit visited Shanghai Gold Exchange(SGE), and met with Gu Wenshuo, SGE’s Vice President. Representatives from relevant business departments of SGE participated in the meeting as well.

Temenos First To Launch Secure Generative AI Solution In Banking To Help Banks Offer Personalized Experiences - Temenos Is A Leader In True Explainable AI And Developing Generative AI With Ethical And Responsible Deployment In Banking

Date 06/09/2023

Temenos has (SIX: TEMN) today launched an industry-first secure solution for banks using Generative Artificial Intelligence (AI) to automatically classify customers’ banking transactions.

Hong Kong Securities And Futures Commission: Court Appoints Administrators For Vantage New Generation Securities Limited

Date 06/09/2023

The Securities and Futures Commission (SFC) has obtained an order from the Court of First Instance (CFI) to appoint Ms Chan Pui Sze and Ms Mak Hau Yin of Briscoe Wong Advisory Limited as joint and several administrators of Vantage New Generation Securities Limited (VNGSL, formerly known as Global Group Securities Limited) .