April 22, 2025 BY Sam Boughedda

Circle Announces New Payments Network

The firm explained in a press release that CPN is designed to connect banks, neo-banks, payment providers, virtual asset services, and digital wallets, offering real-time, low-cost, and transparent settlement of international transactions.  Circle believes the initiative addresses longstanding inefficiencies in cross-border payments. “Despite improvements, cross-border payments can still take longer than one business day to…

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Hong Kong
April 18, 2025 BY Sam Boughedda

Hidden Road Secures FINRA Broker-Dealer Licence to Expand Fixed Income Offering

The move comes not long after it was announced that Hidden Road was acquired by Ripple for $1.25 billion. The licence enables Hidden Road to offer a wider range of regulatory-compliant services—including clearing, financing and execution—to institutional clients in the fixed income market.  The firm’s platform already includes Fixed Income Repo and Global Funding services.…

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financial buildings
April 18, 2025 BY Sam Boughedda

MoneyGram Partners with Plaid to Enhance Pay-by-Bank Services in the US

Announced on Thursday, the partnership allows MoneyGram users in the US to authenticate their bank accounts through Plaid’s financial network.  The service is expected to improve the MoneyGram Online experience. It is expected to scale to additional markets later this year. “The MoneyGram network moves money for over 50 million customers each year, across nearly every…

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April 17, 2025 BY Sam Boughedda

Man Group Reports $172.6 Billion in AUM at the End of Q3

The increase was driven by $3.6 billion in net flows and $1.5 billion from other factors, partially offset by $1.1 billion in negative investment performance.  The group’s long-only strategies saw the most notable growth, with discretionary long-only assets rising by $4.4 billion to $33.2 billion, led by strength in credit and convertibles. Man Group estimated…

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BNP Paribas and market maker GTS extend collaboration to US Equities
April 17, 2025 BY Sam Boughedda

Impax Asset Management Subsidiary Enters Into Advisory Agreement with BNP Paribas Asset Management Europe

Under the terms of the agreement, IAMI will provide investment advisory services to BNPP AM Europe in relation to an investment fund.  The firm explained that the deal forms part of an ongoing distribution arrangement between Impax and BNP Paribas Asset Management across several international markets. As part of the agreement, BNPP AM Europe will…

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FINRA's 2018 volume tops 2017 activity by 87%
April 17, 2025 BY Sam Boughedda

FINRA Fines Sonenshine & Company LLC

According to a Letter of Acceptance, Waiver, and Consent (AWC) published by the regulator, the New York-based investment banking firm failed to establish and implement policies and internal controls reasonably designed to comply with the Bank Secrecy Act.  Notably, FINRA says the firm did not respond in a timely manner to Financial Crimes Enforcement Network…

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