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FinTech

Visa and Mastercard Settlement: Merchants Get Extra Time to Claim $5.5 Billion

  • The new claim deadline for the Visa and Mastercard settlement is February 2025.
  • It covers US businesses accepting Visa or Mastercard from January 1, 2004, to January 25, 2019.
Monday, 19/08/2024 | 17:00 GMT by Tareq Sikder
Institutional FX

HSBC and Wells Fargo Expand DLT Solution for FX Transactions

  • The bilateral service started in December 2021.
  • Companies are broadening their reach by adding a new currency, CNH.
Thursday, 17/11/2022 | 14:24 GMT by Damian Chmiel
Brokers

FXBFI Broker Pays €150K to CySEC to Settle Possible Violations

  • The decision was reached by CySEC's Board on March 4, 2022.
  • CySEC announced three license withdrawals in late July.
Tuesday, 09/08/2022 | 20:06 GMT by Solomon Oladipupo
Institutional FX

Clearstream Introduces Tools to Predict Settlement Failures, Increase Efficiency

  • The tools are the Settlement Dashboard and the Settlement Prediction Tool.
  • Clearstream earlier introduced its own collateral management tool, OSCAR.
Monday, 11/07/2022 | 12:57 GMT by Solomon Oladipupo
Retail FX

Forex TB Pays €270k to CySEC to Settle Possible Violations

  • The broker possibly violated sections of the Investment Services Law of 2017.
  • CySEC previously settled other firm's possible violations for €150k and €100k.
Thursday, 30/06/2022 | 21:27 GMT by Solomon Oladipupo
Retail FX

Vermont Regulator Reaches $640,000 Settlement with Robinhood

  • The Vermont Department of Financial Regulation (DFR) office made the announcement.
  • The settlement includes a $590,000 penalty.
Friday, 18/03/2022 | 19:13 GMT by Felipe Erazo
Institutional FX

US SEC Announces Proposals to Tackle Risks in Clearance and Settlements

  • The SEC made proposals on reducing risks in clearance and settlements.
  • The commission proposes the need to shorten the standard settlements cycle.
Thursday, 10/02/2022 | 09:32 GMT by Nicholas Otieno
Innovation

ASX Ties with VMware for Its Blockchain-Based Settlement System

  • The new system is expected to launch in Q2 2021.
Monday, 26/08/2019 | 10:45 GMT by Arnab Shome
Investing

Calastone to Move Over 1,700 Companies to Blockchain

  • The company's Distributed Market Infrastructure will go live in May of next year.
Monday, 03/12/2018 | 12:11 GMT by David Kimberley
Exchanges

SGX to Launch New Securities Settlement & Depository System

  • The new framework will reduce SGX’s settlement cycle down to two days.
Tuesday, 13/11/2018 | 11:55 GMT by Celeste Skinner
Technology

Banco Monex Becomes First Mexican Member of CLSSettlement

  • The firm claims its membership will improve its liquidity and reduce settlement risk
Wednesday, 30/05/2018 | 14:07 GMT by David Kimberley
News

Canadian Securities Exchange to Launch Blockchain-Based Clearinghouse

  • With this new platform, the CSE will look to challenge the monopoly of TMX Group in the industry.
Wednesday, 14/02/2018 | 11:19 GMT by Arnab Shome
Brokers

Exclusive: Saxo Bank CHF Handling Cleared by Third Danish Authority

  • The Danish Complaint Board of Banking Services cleared Saxo Bank of any wrongdoing related to CHF resettlement.
Friday, 06/01/2017 | 12:41 GMT by Victor Golovtchenko
News

Fluent Rebrands as Hijro, Develops Multi-bank Multi-lender Blockchain Market

  • The Hijro Trade Asset Marketplace provides access to a global network of businesses, banks, and liquidity providers.
Thursday, 17/11/2016 | 15:01 GMT by Avi Mizrahi
Execution

CLS Upgrades Settlement Members to New Market Infrastructure Interface

  • The scalability of the new solution is aiming to solve various problems related to old technology at some major banks
Tuesday, 08/11/2016 | 11:05 GMT by Victor Golovtchenko
Execution

CLS Endorses PvP Settlement Initiative in Japanese FX Market

  • The widespread usage of PvP settlement can be instrumental in reducing settlement risk in Japan.
Monday, 31/10/2016 | 20:20 GMT by Jeff Patterson
Innovation

Blockchain Demonstration Highlights Potential Loan Market Improvements

  • The project utilised Synaps Loans' technology and demonstrates the potential for reshaping the syndicated loan market.
Wednesday, 28/09/2016 | 11:33 GMT by Finance Magnates Staff
Technology

Volante and Finexus Partner to Provide RTGS Systems in Asia Pacific

  • The partnership will provide financial institutions with critical transformation capabilities on a global scale.
Monday, 26/09/2016 | 08:50 GMT by Finance Magnates Staff
Exchanges

ASX Augments Securities Capabilities via New RMB Depository Service

  • The new service allows Austraclear participants to settle and hold RMB-denominated securities, expanding its existing suite.
Thursday, 08/09/2016 | 13:24 GMT by Jeff Patterson
Exchanges

CLS Group’s July Volumes Retreat Pare Recent Growth, Declining MoM

  • The latest statistics showed a steady decline in FX volumes, which followed on the heels of a wild June.
Thursday, 18/08/2016 | 09:31 GMT by Jeff Patterson
Exchanges

Clearstream’s July Volumes Unable to Shake Out of Tight Consolidation

  • July failed to make waves across Clearstream's volumes, despite seeing the needle move across a few figures.
Tuesday, 16/08/2016 | 09:08 GMT by Jeff Patterson
Regulation

Deutsche Bank Seeks to Resolve Largest Litigation Cases in 2016

  • The bank is looking to draw a line under four major litigation cases this year as part of an overhall plan.
Wednesday, 27/07/2016 | 10:10 GMT by Finance Magnates Staff
Regulation

Corzine, Former Group Executives Adhere to MF Global Settlement Worth $132m

  • The dust from the 2011 bankruptcy and collapse of MF Global may finally be starting to settle.
Friday, 22/07/2016 | 10:42 GMT by Jeff Patterson
Regulation

Commissioner Voices Frustration Over Delay in SEC Proposal for T+2 Settlement

  • Concerns arise over a delay in SEC proposal to shorten trade settlement from T+3.
Friday, 08/07/2016 | 21:21 GMT by Steven Hatzakis
Innovation

Startup Clears First Blockchain-Settled Institutional Spot-FX Trades

  • Blockchain-powered FXCH wants to fill the gap left by tier 1 banks pulling out of the FX prime brokerage market.
Tuesday, 05/07/2016 | 12:57 GMT by Avi Mizrahi
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