News Centre

New S$6 Million Grant Scheme To Support Singapore FinTech Firms

Date 13/05/2020

The Monetary Authority of Singapore (MAS), Singapore FinTech Association (SFA), AMTD Group and AMTD Foundation (collectively, AMTD) today announced the launch of a S$6 million MAS-SFA-AMTD FinTech Solidarity Grant (the Grant) to support Singapore-based FinTech firms amid the challenging business climate caused by the COVID-19 pandemic.

ASIC Secures Over $160 Million In Remediation For Junk Consumer Credit Insurance

Date 13/05/2020

Today ASIC announced the final tranche in over $160 million in remediation for consumers sold junk consumer credit insurance (CCI). This follows ASIC’s 2019 report (REP 622) on the sale of CCI by 11 major banks and lenders across eight years, which found that the design and sale of CCI had consistently failed consumers.

Deutsche Börse And SAP Set New Standards With Cloud Usage In Compliance With Regulatory Requirements For The Financial Industry - Strategic Partnership Creates Reference For Digitisation Of Processes For The Entire Sector

Date 13/05/2020

With their strategic partnership, Deutsche Börse and SAP are setting new standards for the digitisation of processes within the financial industry. The framework for cloud infrastructure and services developed jointly by the two partners can serve companies throughout the industry as a reference to use cloud technology in a strictly regulated environment in compliance with regulatory requirements. The allows for quicker rollout and drives innovation within the cloud.  

Quincy Data Adds US Treasuries Data At Lowest Latency - Secaucus-NY2 Sourced US Treasuries Data Via Microwave At Aurora, IL Data Center

Date 13/05/2020

Quincy Data announced US Treasuries data has been added to its Quincy Extreme Data (QED) service. Quincy now sources on-the-run US Treasuries data at the Equinix Secaucus-NY2 data center. Quincy uses the McKay Brothers’ microwave network to transport the data to Aurora, IL in under 4 milliseconds, the lowest latency available.

Niche Global Selects Volante Technologies’ SEPA Instant Payments As A Service In The Cloud - Volante Supports Emerging Fintech With Their European Payments Aspirations

Date 13/05/2020

Volante Technologies, a global provider of payments and financial messaging solutions to accelerate digital transformation, today announced that Niche Global, a rising fintech player, has selected Volante’s cloud-based SEPA instant Payments as a Service solution to accelerate its expansion into the European payments market.

Shenzhen Stock Exchange Restarts The On-Site Issuance Of Local Municipal Bonds - Guangdong Takes The Lead In Successfully Issuing New Special Bonds Assigned Ahead Of Schedule By The Country

Date 13/05/2020

On May 12, the local municipal bonds of Guangdong Provincial Government were successfully issued through the Ministry of Finance-SZSE government bond issue system, setting a record for the number in a single issuance and the total number of local municipal bonds. This is the first issuance of local municipal bonds at SZSE since the outbreak of COVID-19. It is another important achievement for SZSE to give full play to its role as a hub of the capital market, to support for coordinating the pandemic control and economic and social development, and to advance the development of the Guangdong-Hong Kong-Macao Greater Bay Area and the new Shenzhen demonstration pilot zone for socialism with Chinese characteristics.

GH Financials And JP Morgan Top The List For Customer Satisfaction - Acuiti GCM Review Reveals Customer Satisfaction And Client Trends Across The Market For General Clearing Members

Date 13/05/2020

GH Financials and JP Morgan top the rankings for customer satisfaction levels according to the Acuiti GCM Review, the largest study of client trends and opinions of General Clearing Members across the global listed derivatives market.

Asia-Pacific Witnessed Decline In Deal Activity During Week Ended 10 May, Finds GlobalData

Date 13/05/2020

A total of 274 deals were announced in the Asia-Pacific (APAC) region during the week ended 10 May 2020, which is a decrease of 28.8% over 385 deals announced during the previous week, according to GlobalData, a leading data and analytics company.

New Zealand Financial Markets Authority - COVID-19: Financial Reporting – Review Findings And Guidance For Entities

Date 13/05/2020

The FMA has published a document outlining what we have seen in our recent reviews of financial reporting, and setting out our expectations and areas that entities should consider when preparing financial statements, particularly in light of the COVID-19 situation. It will be useful for anyone involved in preparing or approving financial reporting for FMC reporting entities.

Qatar Stock Exchange: Result Of The MSCI Semi-Annual Index Review

Date 13/05/2020