The decision, which took effect from 28 March 2025, was made under section 55J of the Financial Services and Markets Act 2000. According to the FCA’s Final Notice, Cashup failed to satisfy the location of offices Threshold Condition, as the regulator could not confirm that the firm’s head office and central management were based in…
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USCA Securities has been fined $75,000 by the Financial Industry Regulatory Authority (FINRA) for multiple violations, including failing to maintain its required minimum net capital and submitting inaccurate financial reports. According to a Letter of Acceptance, Waiver, and Consent published by FINRA, USCA operated below its required net capital on 35 occasions between January and…
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The firm explained in a press release that the new API provides instant access to large datasets, including corporate actions, equity and fixed income reference data, and end-of-day market data. By utilising SIX’s global financial information network, the API is said to enhance efficiency for financial professionals handling trading, banking, risk management, and compliance operations.…
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Cyber Essentials Plus is a UK government-backed certification that requires an independent, hands-on technical assessment to verify an organization’s cyber defences against common threats such as malware, phishing, and hacking attempts. Administered by IASME, it represents a higher level of security assurance compared to the standard Cyber Essentials. Issued by Bulletproof and verified by IASME,…
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The brokerage said the service is set to launch later this year and will provide a range of private banking-style benefits, including high-yield savings, global money transfers, and exclusive event access. According to Deepak Rao, GM and VP of Robinhood Money, “With Robinhood Banking, we’re trying to solve many of the challenges presented by legacy…
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The collaboration is expected to deliver a cost-effective, secure, and mobile-first payment acceptance method, enhancing accessibility for merchants across various industries. SoftPOS, or Software Point of Sale, enables merchants to accept payments directly on smartphones, tablets, or Android mobile devices without requiring additional hardware. Worldline said in its press release that the solution is particularly…
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CME Group revealed it has successfully completed the first phase of integration and testing of Google Cloud Universal Ledger (GCUL), a distributed ledger designed to streamline asset management and financial transactions. The initiative aims to improve collateral, margin, settlement, and fee payments by introducing more efficient digital value transfers. Terry Duffy, Chairman and CEO of…
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The expanded agreement, announced Tuesday, is expected to enable businesses using J.P. Morgan Payments’ network to integrate Affirm’s flexible financing options at checkout. The company explained that it will allow consumers to select biweekly or monthly payment plans, with no late or hidden fees. Affirm’s technology supports transactions ranging from $35 to $30,000 with repayment…
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The brokerage highlighted Hegeman’s extensive expertise in digital advertising, product development, and business strategy. Hegeman currently serves as Chief Revenue Officer at Meta, where he leads the company’s global monetisation strategy. Since joining Meta in 2007, he has reportedly played a key role in shaping its advertising business, overseeing teams across ads, Feed, Stories, notifications,…
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The firm announced the move on Monday. It further expands its exchange-traded product (ETP) offerings. The new products, managed by CSOP Asset Management Limited, provide directional exposure to the daily returns of highly liquid overseas stocks. They include leveraged (2x) and inverse (-2x) products tracking companies such as NVIDIA, Tesla, Coinbase, MicroStrategy, and Berkshire Hathaway.…
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