News Centre

LemonEdge Announces $4 Million Funding Round Led By Blackstone - Financing Accelerates The Company’s Expansion To Modernise Accounting For The Private Capital Industry

Date 03/02/2022

LemonEdge, a modern, low-code accounting platform powering the private capital industry, has completed a $4 million funding round, led by Blackstone Innovation Investments with participation from existing investors, including Sidekick Partners, Lauren Iaslovits (co-founder of Investran and a pioneer of private capital market technologies) and Tikhon Bernstam (founder of Parse and Scribd). The financing increases capital raised to date to $7 million, all within the first year of launch. 

Spectrum Markets Trading Hit €1.35bn Turnover In Record Year

Date 03/02/2022

• Trading volume nearly doubled in 2021
• Strong momentum on turnover, with two record quarters in a row, Q3 and Q4.
• Year of milestones laying the foundation for future growth

Slovakia’s Largest Mutual Funds Manager Selects Temenos Multifonds - Tatra Banka Will Implement Temenos Multifonds To Administer €3.8 Billion AUM And Enhance Investor Servicing Across Its Mutual And Pension Businesses

Date 03/02/2022

Temenos (SIX: TEMN), the banking software company, today announced that Tatra banka in Slovakia, part of the Raiffeisen Bank International Group, has selected Temenos Multifonds to transform its fund accounting and investor servicing capability. Supporting 37 funds and over 400,000 investors, Tatra banka provides the in-house administration for €3.8 billion in AUM, 23 percent of the entire Slovak mutual funds market and 31 percent of supplementary pension funds (Slovak 3rd pension pillar).

ESMA Launches Its New STS Register

Date 03/02/2022

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has launched its Simple, Transparent and Standardised (STS) Register for the notification of securitisations under the Securitisation Regulation.

Bernstein Joins Appital As Executing Broker

Date 03/02/2022

Appital, the Equity Capital Marketplace, today announced Bernstein as executing broker on its new bookbuilding platform ahead of launch.  Appital brings technological innovation and automation to equity capital markets and improves liquidity discovery and price formation processes of illiquid equity positions.

ComplyAdvantage Releases 2022 State Of Fi-nancial Crime Report - Designed As A Strategic Roadmap For Compliance Teams, The Comprehensive Annual Report Covers Financial Crime Insights Related To Sars, Cybercrime, Geopolitical Hotspots, Crypto Regulations And, The Ever-Changing Sanctions Landscape

Date 03/02/2022

ComplyAdvantage, a global data technology company transforming financial crime detection, today announced the availability of the firm’s much anticipated annual report - The State Of Financial Crime 2022. Designed as a strategic guide for global compliance teams, the report lays out the emerging threats that governments and financial institutions will face in 2022, along with prescriptive recommendations for how compliance teams can respond, and ensure they’re able to act proactively.

Moscow Exchange: Risk Parameters Changes For The Security FB-RM

Date 03/02/2022

Please follow the links below to access the information:

Risk parameters change for the security FB-RM
Risk parameters change for the security FB-RM

Recent “Unofficial” Reports Paid For By Investment Industry Players Push Misleading Findings And Conclusions In Defence Of Kickbacks - BETTER FINANCE Finds That Commission-Based Distribution Models (Kickbacks) Cost Individual Investors Up To 15% Of Their Investments In Sales Commissions And Generate Conflicts Of Interest Which Severely Hurt Their Performance

Date 03/02/2022

One of the main objectives of the European Commission’s “EU Strategy for Retail Investors” is to “ensure bias-free advice” for individual investors. It is meeting with considerable resistance from many players of the financial industry, as evidenced by a recent report and the ongoing “smoke and mirrors” campaign to counter the EC’s efforts. It befits BETTER FINANCE then, through its own independent research, to clearly demonstrate how the commission-based distribution model is damaging net returns for individual investors.

ASIC: RI Advice To Pay $6 Million Penalty, John Doyle To Pay $80,000 Penalty: Royal Commission Case Study

Date 03/02/2022

The Federal Court has ordered RI Advice Group Pty Ltd to pay a $6 million penalty for failing to take reasonable steps to ensure that its authorised representative, John Doyle, provided appropriate financial advice, acted in his clients’ best interests and put clients’ interests ahead of his own.

Monetary Authority Of Singapore And China Securities Regulatory Commission Advance Regulatory Collaboration And Capital Markets Connectivity At The 6th Bilateral Roundtable

Date 03/02/2022

The Monetary Authority of Singapore (MAS) and the China Securities Regulatory Commission (CSRC) exchanged information to advance cooperation in capital markets supervision and connectivity at the 6th MAS-CSRC Supervisory Roundtable last week. Both sides discussed the implementation of the capital markets collaboration initiatives announced at the recent 17th Joint Council for Bilateral Cooperation  between Singapore and China held in December 2021.