Built upon the data assets of the Rakuten Ecosystem, the company said its Rakuten Analytics product offers valuable customer insights to support marketing strategies, product planning, and more. "Rakuten Analytics is a platform that enables businesses to strengthen their understanding of customer profiles by linking a company’s data with the statistical data assets held by…
Read moreThe deal, valued at up to AUD 80 million, is expected to strengthen eToro's presence in the Australian market and expand its long-term savings offerings globally. Spaceship, founded in 2017, has garnered a significant following with over 200,000 clients and manages more than AUD 1.5 billion in funds. The company offers a range of investment…
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The CFTC said the order settles charges with the CIBC for failing to maintain and preserve required records and for failing to diligently supervise its business as a CFTC registrant. "The order imposes a $30 million civil monetary penalty; orders CIBC to cease and desist from further violations of recordkeeping and supervision requirements; and orders…
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ASIC revealed it found that Macquarie had breached market integrity rules on 50 occasions between January and September 2022, allowing three of its clients to place orders that displayed characteristics of an intention to "mark the close." This involves placing orders within the last minute of market close to influence the daily settlement price in…
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The investment brokerage is using UBS AG London Branch to purchase shares worth up to £75 million in this phase of the program, which is expected to be completed by January 31, 2025. It said the purchased shares will be held in treasury. This second tranche is part of a broader initiative by IG Group…
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The collaboration is said to enable Anadolubank to "seamlessly comply" with the new EU Instant Payments regulation, setting a precedent for other mid-size banks seeking to modernise their operations while adhering to regulatory standards. Worldline said in its press release that its cloud-based solution offers various services, including instant payment processing, customer sanction screening, and…
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The CFTC found that NinjaTrader, which operates out of Deer Park, Illinois, failed to implement sufficient policies and procedures to manage accounts in emergency situations, particularly in response to a statutory restraining order issued in a previous fraud case. It is also alleged to have not exercised sufficient oversight over its employees' handling of accounts.…
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The move is aimed at optimising services for clients across China, Southeast Asia, Australia, the Middle East, North Africa, and Latin America, ensuring faster and more stable trading experiences, according to the company. By partnering with Equinix, a colocation and interconnection vendor, ATFX said it has leveraged the company's network infrastructure to enhance performance and…
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The FCA took the action due to PayAfrique.com's failure to comply with regulatory obligations. Specifically, the regulator said the company failed to submit annual reports (Returns) for the past two years (2022 and 2023) despite its repeated requests. "The Authority has concluded, on the basis of the facts and matters described above, that by failing…
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The websites allegedly offered financial services without proper authorisation, posing a risk to Italian investors. CONSOB's action leverages authority granted by the "Growth Decree" (Law no. 58 of 2019), which empowers them to restrict access to websites offering unauthorised financial services within Italy. The targeted websites include FCapital24 (fcapital24.org), Multibank Group (multibankfx.com), Stocket (www.stocket.me), and…
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