Search Results for: financial markets
138 million Europeans are financially cut off from society – without a bank account or payment methods
December 12th, 2016
Mastercard on December 12 announced findings from new research into those who are financially excluded across Europe, finding a third (33%) are employed full time and 35% are aged 18-34. 138 million Europeans are financially cut off from society ...
Financial regulators of UK (FCA) and Hong Kong (HKMA) agree on FinTech collaboration
December 8th, 2016
The UK’s Financial Conduct Authority (FCA) and the Hong Kong Monetary Authority (HKMA) have entered into a Co-operation Agreement (Agreement) to foster collaboration between the two regulatory authorities in promoting financial innovation. According to the Agreement, the FCA and the ...
IFSC Belize warns about Global Trade Markets Ltd
December 8th, 2016
The International Financial Services Commission of Belize (IFSC Belize) has issued a warning to inform that: It has come to the notice of the International Financial Services Commission of Belize (IFSC) that an entity calling itself ‘Global Trade Markets ...
AFM fines financial consultancy firm for €2,000 per business day
December 1st, 2016
On 9 November 2016, the Netherlands Authority for the Financial Markets (AFM) imposed an order for incremental penalty payments of €2,000 per business day on Alfred Sturz, trading under the name of Sturz Financieel Advies in Zoetermeer. Sturz operates ...
IC Markets Reports Record Month of Volumes in November
December 1st, 2016
International Capital Markets Pty Ltd (IC Markets), Australia’s largest True ECN Foreign Exchange provider reports record trading volumes of 188 billion USD for the month of November, including 16.5 billion USD on the day of the US election. The ...
Calypso partners with R3 to build distributed ledger applications for financial services
November 29th, 2016
Calypso Technology has become the first firm to partner with R3 to develop capital markets applications on its Corda distributed ledger-based smart contract platform. The two firms are currently developing a multi-party trade confirmation solution and testing it with ...
Payment card acceptance expanding fast in developing markets
November 25th, 2016
Rural expansion is driving rapid growth in card acceptance in developing markets, while regulation and new technology are boosting acceptance in more developed markets Underserved regions are showing the fastest growth According to RBR’s latest research, Global Payment Cards ...
ASIC updates licence conditions on Morgans Financial Limited
November 24th, 2016
ASIC and Morgans Financial Limited (Morgans) have agreed for an independent compliance consultant to monitor, evaluate and report on Morgan’s implementation of recommendations arising from an independent review of its compliance measures. The consultant completed its review of Morgans’ ...
Italy referendum result could send shockwaves through markets and destroy Europe
November 17th, 2016
Analysts believe the outcome of the ballot on constitutional reform could have massive global implications. With many European leaders already coming under severe pressure from anti-EU parties ahead of elections next year the significance of the Italian result is ...
MAS, R3 and Financial Institutions experimenting with Blockchain Technology
November 16th, 2016
The Monetary Authority of Singapore (MAS) today announced that it is partnering R3, a Blockchain technology company, and a consortium of financial institutions on a proof-of-concept project to conduct inter-bank payments using Blockchain technology. This project could potentially avail ...
