News Centre

Hong Kong FinTech Week 2023 - "Fintech Redefined."

Date 18/10/2023

Invest Hong Kong (InvestHK) today (October 18) unveiled details of Hong Kong FinTech Week 2023 (HKFW). The eighth edition of HKFW, themed "Fintech Redefined." will take place from October 30 to November 5. This flagship event lies at the core of global fintech innovations and aims to shape the future of fintech across various dimensions of financial services and beyond.

Infront Launches New Wealth Portal Solution In Germany And Switzerland

Date 18/10/2023

Infront, a leading provider of wealth management solutions, is now offering a web-based solution for end customers of wealth managers in Germany and Switzerland. The Wealth Portal is a modern platform that allows banks and wealth managers to provide their clients online access to investment information, evaluations, and documents anytime, anywhere. The new web-based solution can be used seamlessly across both mobile devices and desktop.

UAE "Securities & Commodities Authority" Reviews Its Latest Digital Services In "GITEX 2023"

Date 18/10/2023

The Securities & Commodities Authority reviews a package of its digital services in the course of its participation in the 43rd edition of "GITEX Global" exhibition which shall take place from 16- 20 October in Dubai World Trade Centre, for the purpose of introducing its digital projects, meeting the customers' needs, exchanging expertise, building successful partnerships, and learning about the best experiences and technologies.

Opening Remarks By Ms Ho Hern Shin, Deputy Managing Director (Financial Supervision), Monetary Authority Of Singapore, At The Launch Of The Public Consultation On MAS’ Guidelines On Transition Planning On 18 October 2023

Date 18/10/2023

It is a pleasure to welcome everyone to the launch of a consultation on MAS’ Guidelines on Transition Planning today. I am heartened to see the level of interest in this topic from across the globe and from different parts of the financial ecosystem.

UK Venture Capital Investments Nosedive 43.1% YoY To $10.9 Billion During Q1-Q3 2023, Reveals GlobalData

Date 18/10/2023

A total of 1,005 venture capital (VC) funding deals worth $10.9 billion were announced during the first three quarters (Q1-Q3) of 2023 in the UK. Both deal volume and value recorded decline during Q1-Q3 2022 compared to the same period in the previous year, according to GlobalData, a leading data and analytics company.

Cboe Europe Derivatives Secures Support Of Key Participants For Single Stock Options Launch

Date 18/10/2023

Cboe Global Markets Inc. (Cboe: CBOE) today announced it has secured commitment from of a broad range of participants to support the launch of single stock options on Cboe Europe Derivatives (CEDX), Cboe Europe B.V.'s pan-European equity derivatives exchange. CEDX expects to begin offering equity options from 6 November and plans to broaden its universe of available products by the end of Q1 2024, subject to regulatory approvals.

Empowering Cyber Resilience With The Dubai Financial Services Authority’s Threat Intelligence Platform, Report Unveiled During GITEX GLOBAL 2023

Date 18/10/2023

The Dubai Financial Services Authority (DFSA) today announced that its Threat Intelligence Platform (TIP) has achieved a significant milestone with over 6.2 million compromise indicators issued to users since its inception in 2020. As the first regulator-led cyber threat intelligence platform in the Middle East region, the TIP has played a critical role in safeguarding and enhancing the cybersecurity landscape within the Dubai International Financial Centre (DIFC).

Monetary Authority Of Singapore Guidelines For Financial Institutions On Transition Planning For A Net Zero Economy

Date 18/10/2023

The Monetary Authority of Singapore (MAS) today issued a set of consultation papers proposing guidelines on transition planning by banks, insurers and asset managers to enable the global transition to a net zero economy.

Regulatory Update At 33rd Annual Credit Law Conference - Address By Greg Yanco, ASIC Executive Director For Regulation And Supervision, 18 October 2023

Date 18/10/2023

KEY POINTS

• ASIC is sharpening its focus on protecting financially vulnerable consumers, especially those in hardship.
• We will take action – including enforcement action – to ensure compliance with consumer protections and address poor practices and misconduct across the credit sector.
• The DDOs remain critical to promoting responsible lending, and we have expanded our focus to include ‘credit-like’ products. Lenders can also expect closer scrutiny of their target market determinations.

ASIC Releases First Integrated Financial Reporting And Audit Surveillance Report For 12 Months To 30 June 2023

Date 18/10/2023

ASIC has today released findings from its first integrated financial reporting and audit surveillance program.