Euronext, the pan-European exchange in the Eurozone, announced a strategic partnership with AX Trading, a US-based FinTech company, to create a new block trading service for equities. The platform will be based on AX Trading technology and owned and operated by Euronext. The service will cover large in scale orders in European equities from small…
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A new report published today highlights the increasingly important intersection between financial technology (Fintech) and securities market regulation, and describes the impact it has on investors and financial services. The IOSCO Research Report on Financial Technology, published by the International Organization of Securities Commissions (IOSCO), describes a variety of innovative business models and emerging technologies…
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Innovative brokerage and trading technology solutions provider Divisa Capital just announced US$100 million of funding from an investor in the Gulf region, subject to regulatory approvals. The funding is comprised of an initial tranche of US$70 million from the principal behind a Saudi Arabian family office. Additional tranches from a consortium of investors in Saudi…
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While other major European capitals play to Brexit fears in a bid to steal the UK's leading fintech hub status, Belgium is taking a different approach by seeking to build a mutually supportive bridge between startups across both jurisdictions. A delegation led by Belgian finance minister Johan van Overtveldt has crossed the channel to initiate…
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ASIC has today released class waivers to allow eligible financial technology (fintech) businesses to test certain specified services without holding an Australian financial services or credit licence. ASIC Commissioner John Price said: ASIC’s 'fintech licensing exemption' is unique. No other major jurisdiction has implemented a class waiver which allows eligible businesses to notify the regulator…
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Tradency, a global Fintech company focusing on product development and advanced services to financial institutions since 2005, and NPBFX, a company specialized in providing trading services on FOREX market since 1996, announced today the launch of the RoboX service. RoboX is a proprietary learning machine which builds a portfolio of strategies according to the most…
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Hamburg-based FinTech firm Naga Group AG and Deutsche Börse Group are to launch the first global exchange for virtual gaming products. The two companies have set up the joint venture firm Switex GmbH which will launch the world’s first neutral, secure and reliable platform for the exchange and trade of in-game items. The management team…
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DB1 Ventures, the Corporate Venture Capital arm of Deutsche Börse Group, has participated in a Series B financing round for the Hamburg-based FinTech company figo GmbH and is investing a seven-digit amount for a significant minority stake. Further investors are reputable business angels from Germany. figo raised around €6.8 million in total in the current…
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How is FinTech changing the way we think about money, spend money, lend money, move money....? Yael Warman from Leverate takes a peek. This is the story of Satoshi Nakamoto, though that's not his real name. He had an idea for an electronic currency verified by a block chain, unlinked to any central bank or…
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Singapore Exchange (SGX) has announced that has become part of an industry-wide collaboration that will harness blockchain technology to advance Singapore’s vision of a Smart Financial Centre. At last week’s Singapore FinTech Festival, the Monetary Authority of Singapore (MAS) has announced a partnership with the financial innovation group R3, and a consortium of financial institutions to…
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