The Monetary Authority of Singapore (MAS) and the Reserve Bank of India today announced plans to link Singapore’s PayNow and India’s Unified Payments Interface (UPI) real-time payment systems by July 2022. The PayNow-UPI linkage will enable users to make instant, low cost fund transfers directly from one bank account to another between Singapore and India….
Read More “Singapore’s PayNow and India’s UPI to link in 2022” »
North American Derivatives Exchange (Nadex), a part of IG Group Holdings plc (LON:IGG), has published a notice of disciplinary action as to Hsinchi Wu for violations of Nadex rules. On September 27, 2019, the Compliance Department sent Hsinchi Wu an Account Inquiry letter requesting, among other things, general background information, prior trading experience, and details…
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PagoNxt has announced its acquisition of 70% of tech partner Mercadotecnia, Ideas y Tecnología (MIT). This deal will boost the expansion of PagoNxt’s merchant payments global franchise, Getnet, especially in Mexico, where Getnet and MIT have had a close relationship for over 15 years. It will also turn Getnet into the payment platform with the…
Read More “Banco Santander’s payments fintech PagoNxt acquires tech partner MIT” »
Online broker eToro has unveiled enhancements to its Account Statement feature. Now, there is an easier way to access one’s Account Statement. Traders simply need to go to Settings, then choose Account, then click “View” next to Account Statement. Also, traders can make use of predefined time frames. Now, traders can download their Account Statement…
Equals Group plc (LON:EQLS), a technology-led international payments group focused on the SME marketplace, today posted its financial results for the first half of 2021 and provided a post-end period trading update (1 July 2021 to 10 September 2021). During the third quarter of 2021 (with 14 days left), revenues amounted to £9.2 million, up…
Read More “Equals Group expects record Q3 2021, as revenues jump 58%” »
Front-office fintech solutions provider Broadway Technology has announced that it appointed Dan Romanelli as Head of Relationships. In his role, Dan Romanelli is responsible for driving business development initiatives and client relationship management, overseeing a global team of sales and relationship managers. Mr. Romanelli’s appointment helps Broadway extend its global client success during a period…
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US retailing giant Walmart Inc. (NYSE:WMT) has announced what it calls a “major partnership” with Litecoin. The company intends to give its millions of shoppers across the world an opportunity to seamlessly make payments with cryptocurrencies. The news that Walmart would allow its customers to pay in Litecoin, not surprisingly, gave LTC a major boost…
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In an interesting turn of events (certainly for crypto traders), retailing giant Walmart has announced that the press release made via popular PR website GlobeNewswire that the company was going to accept Litecoin as payment, was not authentic. The initial press release about a Walmart-Litecoin hookup which was picked up by several leading news outlets…
Read More “Walmart denies Litecoin deal, says press release was fake” »
The Central Bank of Russia today announced the introduction of a capital adequacy ratio for professional market participants, a category that includes Forex dealers (the official designation for OTC Forex brokers in Russia). Effective October 1, 2021, brokers, dealers, asset managers and Forex dealers must comply with the capital adequacy ratio and make provisions for…
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The United States Financial Industry Regulatory Authority (FINRA) today published a notice of settlement with Tyler J. Forbes. Forbes first registered with FINRA in August 2016 as a General Securities Representative through Merrill Lynch, Pierce, Fenner & Smith Inc. In May 2019, Merrill Lynch’s investment banking and trading divisions were reorganized as BofA Securities, Inc….
Read More “FINRA suspends ex-Merrill Lynch trader for facilitating spoofing” »
