The deal will see Fiserv pay C$201.5 million ($140 million) for the company and is expected to close in the first half of 2025. Payfare’s offerings, which include card program management, a white-label consumer app, and a microservices orchestration layer, are expected to bolster Fiserv’s embedded finance capabilities. Fiserv added that the solutions complement its…
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The fine follows a settlement agreement in which Seaport neither admitted nor denied the findings but accepted the sanctions to resolve the matter. According to FINRA, from March 2020 to June 2021, Seaport did not maintain adequate supervisory systems and written procedures for managing manual options transactions. The lapses are said to have included insufficient…
Read moreThe fund significantly surpassed its €1.4 billion target and is 65% larger than its predecessor, Evolution I, which closed at €1.2 billion in 2021. The firm noted "excess demand" from a diverse investor base, including notable increases in commitments from the Americas, contributed to Evolution II's success. Approximately 41% of investors hailed from Europe, with…
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The collaboration aims to support financial firms in complying with the European Union’s (EU) Markets in Crypto-Assets (MiCA) regulations, set to take effect on 30 December 2024. The platform is expected to deliver integrated communications, data, and disclosure generation. The integration of CCRI’s sustainability metrics into Broadridge’s ClearFi platform is seen as a way of…
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The firm said in its press release that the collaboration with Bloomberg is expected to provide customers with easier access to FX swaps market data. They added that the licensing is managed directly through Deutsche Börse Market Data + Services. Previously, users had leaned on Deutsche Börse’s CEF Feed or the 360T API to retrieve…
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The leading Canadian fintech company said the expansion will bring Google Pay to merchants across Latin America (LATAM). The deal builds upon the existing collaboration between the two companies in the United States, Europe, Asia Pacific, and Australia. Nuvei said the integration of Google Pay into its cashier solution adds a more streamlined checkout experience…
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Hong Kong Exchanges and Clearing Limited (HKEX) announced the launch of a Fund Repository on its Integrated Fund Platform (IFP), it revealed Friday, aiming to enhance transparency for over 2,000 Securities and Futures Commission (SFC)-authorised funds. Launched on 13 December 2024, the Fund Repository is said to provide streamlined access to essential fund information, supporting…
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Through the collaboration, the company explained that Standard Chartered will deliver a range of services, including cash management, trading, and custody, strengthening the infrastructure supporting USDG and USDL in Singapore and the UAE. According to Paxos, both stablecoins are fully backed by US dollar reserves and operate under strict regulatory oversight. The company added that…
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The financial services and trading firm explained in a press release that BankPro combines private banking services with advanced investment and trading capabilities, offering an all-in-one application tailored to individual and corporate financial needs. The company added that it has leveraged its 25 years of expertise and $120 million in Tier 1 company capital. BankPro…
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Broadridge explains in its press release that the partnership "marks a significant milestone in the expansion of securities finance within the UAE and the broader Middle East region." By utilising Broadridge's advanced Securities Finance and Collateral Management (SFCM) solution, FAB will be able to broaden its reach in global fixed income and equity markets. Darren…
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