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Innovation in the Asia-Pacific (APAC) region, and in particular the integration of artificial intelligence (AI) has been nothing short of transformative. From the region’s bustling fintech hubs to the Australia’s sophisticated banking sector, AI-driven innovations are redefining how financial services operate. However, as these technologies advance, they also bring complex challenges, particularly regarding regulatory oversight. The delicate balance between fostering innovation and ensuring compliance is at the heart of the debate – raising the question: is AI the "ghost in the machine" of modern finance?This question is one of the paramount questions that the upcoming Finance Magnates Pacific Summit (FMPS) will look to answer next week in Australia. Taking place on August 27-29 in downtown Sydney, this professional event will touch on AI as a catalyst for financial innovation, as well as the regulatory response. As a quick reminder, FMPS registration is only available for a limited time! With nearly one week to go until the event kicks off, make sure to head on over to the event website and register today! Skip the queues on-site and make sure to sign up in advance to save time!Network with Industry Leaders at FMPSLook for the world’s foremost regtech specialists, innovators, and fintechs to be on-site for FMPS, joining forces with regional and local providers, all under one roof. The atmosphere of the event will be truly electric, with two full days of exhibition, plenty of attendees, live entertainment, and curated content sessions.FMPS will be drawing one of the most diverse attendances to date, including the following individuals:Forex/CFD BrokersInstitutional BrokersAffiliates & IBsTraders & InvestorsEducators & Market ExpertsFintech & Payments BrandsCrypto & Digital Assets BusinessesTechnology & Liquidity ProvidersPress/MediaRegulatorsStart-upsInvestors/VCsIn terms of content, attendees can explore four different content tracks, covering the fintech, payments, crypto, and online trading space. Ahead of next week, prospective participants can take a deep dive into the full-length agenda for FMPS, perhaps none more relevant than the panel, ‘The Ghost is The Machine? AI in Financial Services’AI as the Catalyst for Financial InnovationAI's impact on financial services in APAC is clearly evident in 2024, driving innovation across multiple sectors, including banking, insurance, and investment management. Machine learning algorithms analyze vast datasets to predict market trends, automate trading, and personalize customer experiences. By extension, natural language processing (NLP) powers chatbots and virtual assistants, enhancing customer engagement and reducing operational costs. AI is also instrumental in fraud detection, where it identifies anomalies and patterns that might escape human scrutiny.However, as AI becomes integral to financial services, it poses significant regulatory challenges. The APAC region, with its diverse regulatory attributes, faces the daunting task of keeping pace with rapid technological advancements while safeguarding consumers and maintaining market stability.This ties in nicely with the upcoming panel, ‘The Ghost IS The Machine? AI in Financial Services’, held on August 29 at Centre Stage at FMPS. The informative session will feature the following experts and speakers:Eamonn Sheridan, Financial Market Analyst at ForexLive Jim Hogan, Chief Innovation Evangelist, Google Cloud at Google Melinda Rankin, AI Regulation, Ethics, and Policy Lead at KPMG Charles Guan, CTO at Rich Data Co (RDC) Maria Pittashi, General Manager at PLUGITParticipants can expect to hear from some of the most learned minds on the subject, with an open Q&A available at the end. Indeed, as LLMs become more specific and sophisticated, so do their use cases in various corners of the financial sphere. With regulations cropping up in the EU, the future of AI in APAC is about to change, and investors take notice. This is one session you cannot afford to miss, with the latest insights…
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Bitcoin (BTC)mining profitability experienced a slight decline in July compared to theprevious month, according to a recent report from investment bank Jefferies. Theanalysis points to a drop in Bitcoin's price as the primary factor impactingminers' margins. As a result, the institution decided to lower the target pricefor the largest Bitcoin miner on Wall Street, Marathon Digital Holdings(Nasdaq: MARA), by over 20%.Bitcoin MiningProfitability Dips in July, Jefferies ReportsThecryptocurrency's value fell by over 6% in July, while the network's hashrate -a measure of computational power dedicated to mining - remained relativelystable. This combination of factors put pressure on mining operations, despitean increase in production share for US-listed companies.Jefferiesanalysts noted that publicly traded mining firms expanded their collectiveoutput, capturing 21.1% of total Bitcoin production in July, up from 20.7% inJune. This growth in market share was attributed to these companies bringingnew capacity online at a faster rate than the overall network expansion.Jefferies cutting its price target on Marathon to $17 seems like the only choice left to make.— Joannie (@KatieHinto22878) August 16, 2024MarathonDigital Holdings, a prominent player in the sector, stood out with a notableincrease in production. The company mined 692 bitcoins in July, representing a17% month-over-month rise. Marathon continues to lead the industry in terms ofinstalled hashrate capacity.RiotPlatforms also significantly boosted its production by 45%, producing 370 BTClast month, which is 115 BTC more than the previous month. However, not allcompanies experienced such positive results. Argo Blockchain managed to produceonly 48 tokens, marking a 63% decrease compared to June. The fact that theprice of Bitcoin is currently 21% below its historical highs certainly doesn'thelp the situation. MARA Shares Approach FairValueLookingahead, Jefferies anticipates more challenging conditions for miners in August.The bank's report highlights a further 5% decline in Bitcoin's price since thebeginning of the month, coupled with renewed growth in network hashrate, whichcould squeeze profit margins even tighter.In light ofthese developments, Jefferies has adjusted its outlook on Marathon Digital. Thebank lowered its price target for the company's stock from $22 to $17, whilemaintaining a "hold" rating.IsJefferies right? Time will tell. For now, Marathon Digital Holdings is takingsteps to capitalize on lower Bitcoin prices by purchasing $249 million worth ofBTC.“Wecurrently own and operate approximately 54% of the 1.1 gigawatts of power inour diversified portfolio of digital asset compute,” commented Fred Thiel,MARA's Chairman and CEO. “We will continue making owned and operated sites agreater percentage of our fleet over time and expect to see cost savings on acost per petahash basis as this occurs. Longer-term, our intention is to beamongst the lower cost operators in the industry."Theevolving landscape of Bitcoin mining underscores the industry's sensitivity tocryptocurrency price fluctuations and network dynamics. As the sector continuesto mature, miners face the ongoing challenge of balancing operational costswith volatile market conditions.The Q2 2024results published by HIVE Digital Technologies (NASDAQ: HIVE) and TeraWulf(NASDAQ: WULF) showed that Bitcoin miners are able to withstand negative marketchanges following the recent halving. HIVE increased its revenue by 37%, whileWULF saw a 130% increase.This article was written by Damian Chmiel at www.financemagnates.com.
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The newly establishedSingapore-based investment firm Valverde Investment Partners has selectedBroadridge Financial Solutions (NYSE: BR) to enhance itstechnology infrastructure as it looks to capitalize on growing interest inSoutheast Asian markets.Valverde Taps Broadridgeto Boost ASEAN Investment CapabilitiesThepartnership will upgrade Valverde's portfolio management, trade ordermanagement and risk analytics systems. This comes as the firm launches a newfund and aims to scale its operations amid rising demand for ASEAN-focusedinvestment products."ASEANis increasingly recognized as a standalone investment asset class, and havingproven operational technology in place is key to our ability to deliver ourinnovative investment strategies for years to come," said John Foo,Founder and CIO of Valverde. Valverderecently debuted its ASEAN+ Fund, structured as a Singapore Variable CapitalCompany. The fund aims to generate long-term absolute returns primarily throughpublicly traded equities in Southeast Asian countries.“We arepleased to power Valverde’s portfolio/trade order management operations and bepart of their innovation and growth story as they provide specialty support forthe ASEAN investment market,” said Wout Kalis, Head of APAC Asset Management,Broadridge.Broadridge'sSaaS-based platform offers integrated order, portfolio and risk managementcapabilities for both public and private markets. The system is designed tohandle a wide range of investment types and complexities.Broadridge’s NewLeadership and PartnershipsIn a seriesof strategic moves, Broadridge has recently announced several key appointmentsand partnerships to strengthen its global operations:SimonRobertshaw has been named Chief Technology Officer for Trading Solutions, basedin London. His role will focus on advancing Broadridge's front-office tradingcapabilities across various asset classes and jurisdictions.“I amthrilled to announce that I have joined Broadridge as the new Chief TechnologyOfficer, Trading Solutions at Broadridge,” Robertshaw commented on his newappointment.DavidRunacres has been appointed President of Asia-Pacific (APAC), based in Tokyo.As the new Senior Country Officer for Japan, Runacres will play a crucial rolein Broadridge's regional growth strategy.“I aim to strengthen our marketposition and deliver unparalleled value to our clients,” commented Runacres.“Together, we will build on Broadridge’s strong foundation in APAC as a trustedtech partner to drive the next phase of success helping our clients innovate.”Broadridgehas also integrated YourStake's Values Questionnaire into its WealthAggregation and Insights platform. This addition enables financial advisors toalign client portfolios with personal values, offering data-driven insightstailored to investors' preferences.Furthermore,the company has incorporated Transaction Network Services (TNS) connectivityinto its global Futures and Options (F&O) Software-as-a-Service platform.This integration aims to simplify market data management and reduce operationalrisk for derivatives market clients.This article was written by Damian Chmiel at www.financemagnates.com.
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ATFX, a leading global CFD broker, proudly announces the launch of MetaTrader 5 (MT5) platform. This milestone not only underscores ATFX's unwavering commitment to continually upgrading its customer service quality but also marks a significant leap forward in the brand’s mission to create an exceptional trading environment for investors worldwide.Over the years, ATFX has earned high recognition and widespread acclaim from clients globally, setting industry benchmarks with its superior product range, meticulous customer service, optimized user experience, and relentless platform innovation driven by intelligent technology. Now, MT5, as the outstanding successor and innovator to MT4, brings with it deep performance optimization and comprehensive technical upgrades, promising to open a new chapter in trading for investors.With MT5, users can enjoy intelligent trading systems, advanced charts and technical analysis, various order types and execution modes, and robust data protection features, ensuring a faster, stronger, and more convenient service experience.Moving forward, ATFX will continue to focus on the needs of global investors, consistently setting new industry standards. In the ever-evolving financial sector, ATFX ensures that each technological advancement precisely meets the traders’ needs, collectively charting the grand blueprint for the future financial landscape.About ATFXATFX is a leading global fintech broker with a local presence in 23 locations and licenses from regulatory authorities, including the UK's FCA, Cypriot CySEC, UAE's SCA, Australian ASIC, and South African FSCA. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX provides exceptional trading experiences to clients worldwide.For further information on ATFX, please visit ATFX website https://www.atfx.com.This article was written by FM Contributors at www.financemagnates.com.
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The UKbranch of foreign exchange (FX) and fixed-income software developer Smart TradeTechnologies has released its fiscal year 2024 results, showing growth inturnover, revenue, and profits. Operating profits reached £2.2 million,doubling from the previous year's reported levels.Smart Trade TechnologiesReports Strong Finish to FY24In thelatest report filed with the UK's Companies House, Smart Trade Technologies UKLimited attributes the strong results for fiscal year 2024 (FY24) ending March31 to increased activity and sales momentum in Europe and the UK.The reportreveals that the company's turnover stood at nearly £18 million, growing 16%from £15.5 million. With sales costs remaining steady at under £14 million,this translated into an increase in gross and operating profit as mentionedearlier.The finalnet profit was £2.2 million, rising 69% from £1.3 million reported in fiscalyear 2023. This marks another year of net profit and a 1000% jump from twoyears ago when net profit was just £200,000.Thecompany's assets also increased, growing from £1.9 million to £2.9 million.Recently,SmartTrade Technologies successfully expanded its Private Cloud offering toZürich, Switzerland, responding to growing client demand for enhanced hostingand disaster recovery services in mainland Europe. Thisexpansion, achieved in collaboration with Equinix, strengthens SmartTrade'sglobal infrastructure, adding to existing sites in London, New York, and Tokyo,and further demonstrates the company's commitment to providing resilient andgeographically diverse solutions for critical trading and payments systems.Other Financial ResultsSeveralother firms have also recently presented their FY24 reports. One of them wasBeeks Financial Cloud Group plc (AIM: BKS), which announced preliminaryfinancial results for the fiscal year ending June 30, 2024, noting revenuegrowth and an increase in recurring revenue.The cloudcomputing and connectivity services provider for financial markets stated thatits FY24 revenue is expected to be approximately 27% higher than the previousyear. The company's Annualized Committed Monthly Recurring Revenue (ACMRR)reached £28.0 million, an 18% increase from £23.8 million reported at the endof the previous fiscal year.Meanwhile,Japan's Monex Group increased its net profit by nearly 850% to 31.5 billion JPYin fiscal year 2024 compared to the previous period. At the same time,operating revenue grew by 20% to 66.8 billion JPY.This article was written by Damian Chmiel at www.financemagnates.com.
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Plus500, the Israeli retail broker listed in London (LON: PLUS), today (Monday) announced the extension of its ongoing share buyback programme with the allocation of an additional $110 million, which comprises an interim buyback programme of $35.4 million and a special buyback programme of $74.6 million.The latest buyback programme follows the broker’s initiation of a $100 million programme last February. The company began repurchasing its shares in 2017.Further, the broker decided to distribute another $75.5 million among its shareholders as dividends. The company highlighted its “robust financial position [and] cash-generative business model” as the reason behind the decision for shareholder returns. Its cash balance also surpassed $1 billion, compared to $906.7 million at the end of 2023.Returning Value to ShareholdersThe London-listed broker emphasised that it has distributed $2.3 billion in shareholder returns (including the latest ones), in the form of dividends and buyback programmes, since its public market debut in 2013.“Plus500 has delivered strategic, operational, and financial progress during H1 2024, and I am proud of what we have achieved,” said David Zruia, Chief Executive Officer of Plus500.Indeed, the extension of the buyback programme and the dividend announcement followed the first six months' performance, which generated $398.2 million, an 8 percent year-over-year increase. The company's quarterly performance also remained impressive despite the impact of the UEFA EURO 2024 Football Championship on retail trading towards the end of Q2 2024.Although the company benefited from higher interest rates, its trading income in the six months also jumped to $369.1 million from $346.2 million in the corresponding period of the previous year. Now, the company is anticipating its FY24 results to beat the current market expectations.Strengthening MetricsIn addition to the buybacks and dividends, the broker revealed that it added 56,759 new customers between January and June, a 13 percent annual increase. However, the number of active customers remained almost flat at 175,909.The average revenue per user for the six months was $2,264, an 8 percent annual increase, while this figure for the second quarter jumped 13 percent annually to $1,475. It ended 2023 with a per client revenue of $3,115. Meanwhile, the average customer acquisition cost in the first half of the ongoing year at $1,489 remains unchanged from the corresponding period of the previous year.“We continue to be guided by our strategic ambitions—to expand into new markets, develop new products, and deepen engagement with our customers,” Zruia added.“We delivered growth in revenue and EBITDA, continued to expand our geographic footprint, developed innovative new products, and, as a result, saw an increase in new and active customer numbers year-on-year. Plus500 remains strategically well-positioned to capitalise on both short-term market conditions and the medium-term growth trends in our end markets.”This article was written by Arnab Shome at www.financemagnates.com.
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Coinbase, KuCoin, Gate.io, and several other small and large cryptocurrency brands are now attempting to obtain business licences in Turkey, according to an updated list published by the Capital Markets Board of Türkiye.Top Companies Seek Turkish LicenceFirst published on August 9, the list included 47 names of cryptocurrency companies. However, it was later updated to add more names, bringing the total to 76.“The list published here has been created to inform the public about the organisations that declared that they will operate in accordance with the Temporary Article 11 of the Capital Markets Law No. 6362 (Law),” a preface to the list of the companies noted (translated from Turkish).“In this context, the existence of the ‘List of Those Operating’ does not mean that the organisations included in this list are authorised in accordance with the relevant legislation.”No Crypto-Specific RegulationThe names appeared when cryptocurrency regulations in Turkey were in a state of flux. The industry is being regulated by existing market regulations as there is no specific crypto regulation framework in the country. In January, the country’s Treasury and Finance Minister Mehmet Şimşek indicated the completion of proposed crypto-specific legislation; however, no draft has yet been revealed.Interestingly, Binance recently terminated all its marketing activities in the country, citing regulatory compliance. Although Turkish clients can still access the largest crypto exchange by trading volume, it has decided to gradually turn off Turkish language options within three months.Binance’s name is also in the latest list of cryptocurrency companies published by the Capital Markets Board of Türkiye. Other notable names are Bitfinex, Crypto.com, and BitBNS.Turkey has also witnessed a massive surge in demand for cryptocurrencies. The country ranks fourth in terms of trading volume, with $170 billion, only behind the United States, India, and the United Kingdom.The rise in cryptocurrency demand can be correlated with Turkey's struggling economy. The value of the Turkish lira has plummeted by more than 82 per cent against the US dollar in the last five years, now at its lowest level ever.This article was written by Arnab Shome at www.financemagnates.com.
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Poll Reveals 60% of Prop Firm Clients Lose Funds, Investing $4,300 on AverageAlthough proprietary trading has been surging in popularity, this arena remains a challenging landscape where success eludes many. A recent PipFarm poll, exclusively obtained by Finance Magnates, sheds light on the current state of prop trading. The study, which gathered insights from 459 respondents, reveals a striking contrast: while the industry attracts many, only 40% manage to turn a nice dime.The poll revealed that most retail traders (70%) start their market journey either with FX/CFD (51%) or cryptocurrencies (19%). Only one in nine people (14%) entered the markets through evaluation firms, while others indicated stocks, futures, or other instruments as their debut venue.ASIC Is Monitoring the Emergence of Prop Trading FirmsIn another of our exclusive stories of the week: “The Australian Securities & Investments Commission (ASIC) is monitoring the emergence of ‘prop trading’ firms or services relating to CFD trading,” confirmed Dr Rhys Bollen, the regulator’s Senior Executive Leader of the Digital Assets and Markets Group.“An area for future focus for ASIC is the distribution of CFDs by issuers via emerging channels, such as ‘prop trading’ services. In 2024/25, we plan to undertake detailed surveillance of new and emerging distribution methods across the CFD industry and review consumer outcomes,” shared Dr Bollen.Prop Firm Indigo Trader Funding Ceases Operations, Files for UK Strike-OffIn the volatile proprietary trading space, Indigo Trader Funding suspended its Discord and then stopped engaging on other social media channels. The troubled firm later filed an application to strike the company off the UK's official register. This is the latest prop firm to collapse recently, potentially leaving clients without their due funds.As recently as late last month, Indigo was conducting business as usual, advertising its products and services on popular prop firm channels, including Discord and X (formerly Twitter). However, activity on the latter platform suddenly ceased on July 23, where previously there had been numerous posts.Progress is not about immediate success but consistent effort📈Every successful journey begins with a single trade.Stay patient, stay disciplined, and keep pushing forward, no matter how incremental the progress may seem.#PropTrading #PersistencePays #IndigoTraderFunding pic.twitter.com/FAGGfUJ6c6— Indigo Trader Funding (@IndigoFundingUK) July 23, 2024Prop Firm Goat Funded Trader Considers Adding cTrader After MetaTrader DepartureThis year, Goat Funded Trader (GFT) moved away from MetaQuotes' trading platforms twice, prompting the search for suitable replacements. In response, the company first introduced TradeLocker access and is now contemplating the inclusion of cTrader. GFT's CEO, Edoardo Dalla Torre, recently sought community feedback on this potential addition.This week, Dalla Torre posted on GFT's official Discord channel, hinting at the possible addition of another platform to their lineup. “We heard you want cTrader as well. Recently, we introduced TradeLocker. Should we add cTrader?” the CEO inquired.Scope Markets Is Rebranding, Taking Final Step in Rostro Group IntegrationScope Markets rebranded and presented a new logo, Finance Magnates learned exclusively. “The motivation is to align our core foundational focus of building a multi-brand financial services group,” revealed Michael Ayres, CEO of Rostro Group, which includes Scope. Ayers added that the number of active clients increased by over 30% in 2024 while volumes grew by 150%.Scope Markets has prepared a brand overhaul that aims to reflect the company's approach to offering clients more financial instruments and products. On the one hand, Scope is focusing on “democratizing” access to investing, while on the other, it's adapting its current offering to the increasing number of clients, which, according to the company, has reached record levels.Congratulations to the Israeli #fintech company @TipRanks for…
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IG Group has appointed Ricardo Ghiglino as the Head ofEurope and Emerging Market Tech Delivery, Ghiglino announced in a statement onLinkedIn today (Friday). Previously, Ghiglino served as the Head of ETPDelivery for more than a year.Roles in Other Notable BrandsAccording to his LinkedIn profile, Ghiglino is anexperienced technology expert with experience from notable brands. At WitEngineering and Technology Ltd, he served as the Senior Technical ProgrammeManager and General Manager. Additionally, Ghiglino was a System Analyst at NS Solutions,a Programmer analyst at Deloitte, and a Developer at IT Deusto.Ghiglino’s promotion at IG Group is the latest among recentexecutive changes at the company. This week, William Mead was appointed as Head of Operations. Mead has served in various roles at IG Group, includingas the Head of Trading Operations. Prior to that, he was the Global Head ofCredit and Client Money in London.Similarly, Chris Old started a new role as the Head of Organic Growth at IG Group. Old, who is based in London, has worked for IG Group for over six years in different positions. He joined the company in 2021 as SEO Manager for the UK and rose through the ranks, serving as the SEO Manager for EMEA and later SEO Lead for IG.com.Other Executive ChangesIn April, IG Group's Global Institutional Marketing Manager Tomas Ausra transitioned to the Head of Marketing role at IG Prime, the institutional side of the business. Ausra, who has worked as the Global Institutional Marketing Manager for nearly five years, will lead IG Prime's brand marketing activities globally.IG Group also onboarded Mark Evans as the Head of Corporate Development. Evans had served as the Head of Consumer Insights and Strategy at the London-based forex and CFD trading company for over six years.This article was written by Jared Kirui at www.financemagnates.com.
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In financial services space, the keys to global success are always local and the Asia-Pacific (APAC) region is no exception. The upcoming Finance Magnates Pacific Summit (FMPS) will look to shed light on APAC markets, as well as the nuances and local attributes that are integral to success. With elite talent from around the region, combined with globally recognized brands and speakers, this professional event is one that cannot be missed this August.FMPS will be held on August 27-29 at the International Convention Centre in downtown Sydney, Australia. As a key hub for APAC markets, the event’s venue is ideally suited to welcome experts from around the world, together with locals for a celebration and exploration of multiple industries.Attendees can expect to connect, network, and engage face-to-face with plenty of retail traders, brokers, IBs, service providers, and much more. Such a diverse attendance is what makes events such as FMPS so important, not just for the industry but also for staying connected. The summit features plenty for all types of attendees, with a vibrant exhibition floor, live entertainment, and two curated content stages. Participants can take a deep dive into the full-length agenda for FMPS, with fintech, payments, crypto, and online trading all represented in full.There are no shortage of panels, workshops, and other keynotes available for viewing over the two-day event, with several notable sessions jumping out. This includes the upcoming session, ‘Understanding APAC Markets: Partnerships, Culture, Retention’.As a quick reminder, FMPS registration is only available for a limited time! With under two weeks to go until the event kicks off, make sure to head on over to the event website and register today! Skip the queues on-site and make sure to sign up in advance to save time!Deciphering APAC Markets at FMPSAPAC markets have been some of the most fascinating to watch in recent years. The upcoming panel, ‘Understanding APAC Markets: Partnerships, Culture, Retention’ is tailor made for individuals who want to learn more about this region and see what heights it can grow to.This panel will be held on August 29 at 11:40-12:20 at Centre Stage, featuring the following experts and noteworthy specialists:Fraser Nelson, Global Head of Business Development at Scope MarketsFirdaus Ali, Business Analyst & Partnership Manager at TradingProStephen Williams, Premium Client Manager at Capital.Com Joy Li, Head of APAC at Gold-i Sam Grecner, Director of Growth (Australia) at TradingView Mario Singh, Founder and Chairman at Fullerton MarketsIn this hands-on, country-specific session, look for the expert panel to discuss what makes traders tick across APAC region. Panel participants can expect to learn how to retain local partners for fruitful collaboration as well as which assets fair best in different regions and why.Finally, no panel would be complete without some degree of foresight. Expect the panel to peer into the looking glass and pinpoint how the industry can adapt moving forward and where the alpha is in 2025.This article was written by Jeff Patterson at www.financemagnates.com.
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Simon Robertshaw has been appointed as the Chief TechnologyOfficer for Trading Solutions at Broadridge. He will be based in London and is tasked with overseeing andadvancing the company's front-office trading capabilities. This roleencompasses both sell-side and buy-side trading across various asset classesand jurisdictions.New Broadridge CTO Announced“I am thrilled to announce that I have joined Broadridge asthe new Chief Technology Officer, Trading Solutions at Broadridge,” commentedon his new appointment. “In my new role I will bring together and evolve allfront-office trading capabilities across the organization, inclusive ofBroadridge Trading and Connectivity Solutions and other platforms acrossCapital Markets, Investment Management, Wealth Management, and ICS.”Before joining Broadridge, Robertshaw was the ChiefOperating Officer at The Bank of London from December 2021 to May 2024. At TheBank of London, he led the Banking-as-a-Service strategy globally. The Bank ofLondon is recognized as a leading-edge technology company and the world's firstpurpose-built global clearing, agency, and transaction bank.Earlier, Broadridgeappointed David Runacres as President of Asia-Pacific (APAC), effectiveimmediately, as Finance Magnatesreported. Based in Tokyo, Runacres will oversee regional operations and act asSenior Country Officer for Japan, a crucial market for the company.With over 30 years in the APAC region, he joins Broadridgefrom the London Stock Exchange Group, where he was head of Japan for 12 years. Thisappointment supports Broadridge’s strategy to enhance its presence in Asia.Enhancing TechnologyRobertshaw's previous experience includes serving as theGlobal Head of Front Office Technology for Asset Management at UBS from August2016 to January 2022. He also held the role of Chief Information Officer andChief Operating Officer at a hedge fund/family office in London from February2010 to July 2016. Additionally, he was Head of Corporate and InvestmentBanking Technology for Europe and Asia at Wells Fargo.Robertshaw's new role at Broadridge will focus on enhancingthe firm's technology infrastructure to support trading operations globally.This article was written by Tareq Sikder at www.financemagnates.com.
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There is no better feeling than standing out from the crowd with an award voted for by industry peers. Winning a UF Award represents one of the crowning achievements of any forex brokerage or fintech provider.As the Nomination Round reaches its final stages, numerous nominees are continuing to pour in. Don’t worry though, there is still just enough time to put forward your own brand - or your favourite company - for the prestigious UF AWARDS APAC 2024.With entries closing on 21 August, this is your final opportunity to make your opinion count and ensure the best B2C and B2B brands in the Asia-Pacific region get the recognition they deserve.Revel in the acclaim of a UF AwardWinning a UF Award can catapult a brand to new heights, providing industry validation and enhanced brand memorability. It is a distinguished accolade that signifies their commitment to excellence in the online trading and fintech sectors.The benefits of winning a UF Award are profound, serving as an endorsement of your company’s accomplishments; It differentiates your brand from its competitors, while boosting its reputation and credibility in the process.It also acknowledges the exceptional performances of firms across the continent, honouring those who have exceeded expectations and achieved notable success.By nominating, you can play your part in celebrating the most deserving industry participants, highlighting their high performance in the APAC region over the past 12 months.How to nominate for a UF AwardTo participate, simply fill out the nomination form on the UF AWARDS APAC 2024 website. Remember, only registered members can nominate, so make sure you're signed up and ready to go. Each brand can be nominated in multiple categories.Below is a selection of some of the confirmed award categories for the UF AWARDS APAC 2024:B2C Awards:● BEST BROKER - APAC● BEST TRADING EXPERIENCE - APAC● MOST TRUSTED BROKER - APAC● BEST TRADING PLATFORM – APAC● MOST TRANSPARENT BROKER – APAC● FASTEST GROWING BROKER – APACB2B Awards:● BEST TRADING PLATFORM – APAC● BEST CONNECTIVITY PROVIDER - APAC● BEST PAYMENT GATEWAY - APAC● BEST WHITE LABEL SOLUTION - APAC● BEST B2B LIQUIDITY PROVIDER – APAC● BEST TECHNOLOGY PROVIDER – APACThe countdown to Bangkok is onAfter the Nomination Round ends, the all-important Voting Round will take place from 26 August to 6 September where only registered users will be able to cast their vote.The UF AWARDS APAC 2024 Ceremony will take place in Bangkok during iFX EXPO Asia 2024. It is the place where leading professionals from the best online trading and fintech brands will come together to unwind and pay tribute to the successes achieved over the past year.With time fast running out until the Nomination Round closes, make sure your company gets its moment in the spotlight. Simply nominate your favourite brokerage and/or fintech company - or your own brand - for the UF AWARDS APAC 2024 now! This article was written by FM Contributors at www.financemagnates.com.
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Peter Mintzberg has officially been appointed as the newChief Executive Officer of Grayscale Investments, according to a LinkedInupdate seen by Finance Magnates. Mintzberg joins Grayscale following a seriesof senior roles across major financial institutions.Before his move to Grayscale, Mintzberg was the Global Headof Strategy for Goldman Sachs Asset & Wealth Management. He held thisposition from 2023 until August 2024, where his role expanded to overseeGoldman’s Wealth Management business. Veteran Executive Takes HelmHe was responsible for deal execution and broader strategicinitiatives. Between 2021 and 2023, he was the Global Head of Strategy forGoldman Sachs Asset Management, tasked with establishing and leading acorporate strategy and development function. This included business-widestrategy, industry research, and digital assets strategy.Prior to Goldman Sachs, Mintzberg worked at Apollo GlobalManagement as a Managing Director from 2020 to 2021, where he focused on dealexecution. His career also includes a long tenure at OppenheimerFunds, where heheld multiple leadership roles from 2013 to 2020. These included Chief Strategy Officer and Global Head ofCorporate Development, and later Global Head of Corporate Strategy, InvestorRelations, and Treasury, after Oppenheimer merged with Invesco.Bringing Global ExpertiseEarlier in his career, Mintzberg spent seven years atBlackRock, where he served in various strategic roles. From 2010 to 2013, hewas the COO and Head of Strategy for Latin America and Iberia. Before that, hewas Director of Strategy and Business Development from 2006 to 2010.Mintzberg's experience spans over 20 years in the financesector, focusing primarily on corporate strategy, deal execution, and businessdevelopment across global markets. At Grayscale, his leadership is expected toshape the company’s direction as it continues its role in the digital assetsinvestment space.This article was written by Tareq Sikder at www.financemagnates.com.
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The volatility in proprietary trading has claimed anothervictim. Funds For Traders has written to its users that it will be ceasingoperations. The company blamed the suspension of services on Eightcap's decision to stop supportingMetaTrader 4 and MetaTrader 5 platforms for prop trading. Suspension of MT4 and MT5 Platforms"We regret to inform you that as of today, we will beceasing all operations at Funds For Traders. This decision was made afterreceiving news from Eightcap that they would no longer be supporting theMetaTrader 4 and MetaTrader 5 platforms for prop trading. Unfortunately, thismeans that we can no longer offer these platforms to our users," thecompany wrote on X. "To all our incredible traders, it's been an honor tobe part of your journey. Together, we've changed lives globally. Thank you foryour trust during your adventure with us. Wishing you continued success in allyour future endeavors."To all our incredible traders, it's been an honor to be part of your journey. Together, we've changed lives globally. Thank you for your trust during your adventure with us. Wishing you continued success in all your future endeavors! ❤️ pic.twitter.com/vSkVFiizjZ— Funds For Traders (@fundsfortraders) August 15, 2024Despite the abrupt announcement, the company has assuredusers with active challenges that they will be contacted and supportedaccordingly. This action came barely a week after another prop trading firm, Karma Capital, unexpectedly closed its operations.More Prop Firms FallAccording to the company's Founder, reliance on a promised tech solution from an unnamed provider that failed to materialize contributed to the decision to end the business. This delay reportedly drainedcosts for about four months. Karma also disclosed that their risk checks werenot adequately implemented in the company.Another firm gone, @karmaproptrader...Website no longer operating, Discord chats are closed. Drop your thoughts in comments 👇 pic.twitter.com/MS4JViTegP— TheTrustedProp (@TheTrustedProp) August 11, 2024Last month, Funded Engineer, another struggling prop trading firm, permanently closed its operations and announced plans to file forbankruptcy. In its announcement, the company told users that ithad tried every possible option to remain in business, including restructuring,cost-cutting, and raising capital, but failed.Similarly, True Forex Funds was forced to end its services due to insolvency. The prop trading company also cited effortsto improve its financial health but was unsuccessful. Earlier, the platform announced plans to relaunchoperations. In its announcement, it blamed MetaQuotes for allegedly terminatingits MT4 and MT5 licenses.This article was written by Jared Kirui at www.financemagnates.com.
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Capital.com has launched a public bug bounty program.This initiative, hosted on the crowdsourced security platform Intigriti, isreportedly part of the company’s commitment to safeguarding user data andplatform integrity. Global Call for Ethical HackersThe company has invited security researchers andethical hackers globally to proactively identify and address potentialvulnerabilities, offering cash rewards for discoveries that enhance theplatform's security, according to a statement sent to Finance Magnates. By engaging ethical hackers and security researchers, Capital.comaims to strengthen its defenses and foster a collaborative environment forcontinuous improvement. The company has described the new bug bounty program asa proactive stance on cybersecurity.The company has encouraged participants in the programto identify and report software security vulnerabilities within Capital.com'splatforms. In exchange for their expertise, these ethical hackers will earncash rewards based on the severity and potential impact of the vulnerabilitiesthey uncover.Speaking about the program launch, Pavel Krasilevich, Capital.com’sHead of IT Security, said: “At Capital.com, we take our responsibility toprotect our customers seriously. By launching this public bug bounty program,we are not only opening our doors to the brightest minds in cybersecurity butalso taking active steps to stay ahead of potential threats.”“This initiative reflects our proactive approach tosafeguarding our platform and users, and we are excited to collaborate with theglobal cybersecurity community to help ensure our platform remains both trustedand secure.”Outsourced Security PlatformThe partnership with Intigriti, a crowdsourcedsecurity platform, is central to Capital.com's bug bounty program. Intigritioffers a framework for managing the program, ensuring that security researchershave clear guidelines and submission criteria to follow. Security researchers interested in participating canfind detailed information and guidelines on the Intigriti platform, where theycan contribute to Capital.com's mission of maintaining a secure and trustworthytrading environment.Last month,Capital.com announced that it will no longer charge overnight funding fees onnon-leveraged CFD trades for stocks and digital assets. This step reportedlyaims to eliminate certain fees for traders who maintain positions beyond asingle trading day.The company cited a shift in retail trader behavior towardsextended holding periods. Based on the firm’s data, 89% of all non-leveragedovernight positions in Q2 2024 were in stocks and crypto. This article was written by Jared Kirui at www.financemagnates.com.
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Jan Stechele, Chief Regulatory Officer at N26, will stepdown from his position at the end of the third quarter of 2024. Stechele joinedthe N26 Management Board in early 2023 in an interim capacity and has sinceoverseen the company's regulatory affairs. He will now leave N26 to explore newopportunities.New Regulatory Chief AppointedStechele’s responsibilities will be transferred to CarinaKozole, the Chief Risk Officer, as planned. Kozole has been with N26 sinceNovember 2023, and she has worked closely with Stechele during this time.Before joining N26, Stechele held various roles in thefinancial sector. From October 2019 to April 2022, he served as Chief ProductOfficer at creditshelf AG, a digital lending platform, which was later acquiredby Teylor. N26's chief regulatory officer Jan Stechele to step down to "pursue new opportunities" ✒️Cameron Emanuel-Burns has the story ⬇️#ChallengerBank #FinTechhttps://t.co/p9jymLsiVC— FinTech Futures (@FinTech_Futures) August 16, 2024Meanwhile, N26has appointed Mayur Kamat as its new Chief Product Officer, as reported by Finance Magnates. Kamat bringsexperience from companies like Agoda, Google, Microsoft, and Binance, where heled product and design teams. As CPO, he will oversee N26's product and user experienceteams across Berlin, Barcelona, and Vienna, focusing on delivering the bank'sglobal product strategy, including spending, saving, and investment features.Broad Banking BackgroundStechele also was a board member at the Digital LendingAssociation from February 2021 to February 2022. Prior to that, Stechele spentover 13 years at Bayerische Landesbank, where he held several senior positions,including Senior Vice President of Group Strategy and Head of Marketing andSustainability Management.Stechele commented on this move: “I am very proud to havebeen part of N26’s journey over the last two years, working with its dynamicand international team.""Through a period of intense regulatory scrutiny, wehave built a robust risk management function and one of the most advanced platformsto combat financial crime in the European banking industry today.”This article was written by Tareq Sikder at www.financemagnates.com.
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Donald Trump is no stranger to wealth—his name has been synonymous withgarish skyscrapers, sprawling golf courses, and luxury resorts for decades. Butrecently, his financial portfolio has expanded in unexpected directions,embracing everything from cryptocurrency to Bible sales. Yes, you read that right: Donald Trump, once a staunch critic ofdigital currencies, now holds millions in crypto assets, along with some otheroddities. How did we get here? And what else is the former president dabblingin to maintain his empire? Let’s dive in.Donald Trump: From Crypto Critic to Crypto KingRemember when Trump called Bitcoin a “scam” back in 2019? Fast forwarda few years, and the man now owns at least $1 million in cryptocurrency.According to his latestfinancial disclosures, Trump’s crypto portfolio includes substantialholdings in both Bitcoin and Ethereum. The irony is rich—almost as rich asTrump’s newfound digital assets.I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....— Donald J. Trump (@realDonaldTrump) July 12, 2019A U-turn?This pivot to crypto is interesting, especially given Trump’s historyof vocal skepticism. Once a vocal opponent, Trump is now clearly within thecrypto sphere. This financial shift mirrors the broader adoption of digitalcurrencies, which have gradually gained legitimacy among institutionalinvestors and wealthy individuals. Even for someone as unpredictable as Trump,this move into crypto speaks to the changing tides of modern finance.Trump’s NFT journey seems to have started when he launched a series ofdigital trading cards – thatdon’t seem to be doing too well - in late 2022. However, it was his wife,Melania, who jumped on the NFT bandwagon first. She launched her own NFTcollection in 2021 – the first piece was a watercolor inspired by her eyes -which garnered attention and sales, adding another stream of income to theTrump household. Gold Bars and Bible Sales: Trump’s Old-School HustlesWhile crypto might be the shiny new addition to Trump’s financialempire, he hasn’t abandoned traditional sources of wealth. Gold bars, forinstance, remain a staple in his portfolio. Gold has long been a favorite amongthose wary of the fluctuating financial markets, and Trump is no exception. Theexact amount of gold bars he owns remains undisclosed, but their inclusion inhis wealth report is a nod to his old-school investment strategies.And then there’s the Bible sales—arguably one of the strangest revenuestreams for a man who’s more commonly associated with casinos than cathedrals.Trump’s ties to Bible sales are rooted in his famous (or infamous) photo-opduring the 2020 protests, where he held up a Bible in front of St. John’sChurch. This moment, criticized and memeified, inadvertently boosted Biblesales associated with his name. Who knew that waving a Bible around could besuch a lucrative venture? Well, Trump claims to have made$300,000.It’s worth noting that these Bible sales are not some elaboratemerchandising scheme directly tied to Trump, but rather a quirky footnote inhis vast and varied sources of income. The fact that this became a source ofprofit is a testament to Trump’s enduring, if controversial, public persona.Even in unexpected ways, his brand continues to generate revenue.Donald Trump has submitted his annual financial disclosure, and after a year of lawsuits, legal cases, and grifts, the contents of the documents reflect the turmoil surrounding the former president.Story: https://t.co/m7k57ScNA1 pic.twitter.com/xxqBt3wAUD— Rolling Stone (@RollingStone) August 18, 2024Trump’s Tech Foray: Truth Social and the Digital FrontierTrump’s wealth isn’t just tied up in physical assets andcryptocurrency; he’s also made a significant leap into the tech world with hissocial media platform, Truth Social. Launched as an alternative to mainstreamsocial media giants, Truth Social has been…
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Holonym Foundation, an organization building the next generation of digital identity security for the decentralized web, is announcing the completion of a successful $5.5 million seed funding round. The funding round was led by Finality Capital and Paper Ventures, with significant participation from Draper Dragon, Arrington Capital, Lightshift, Zero Knowledge Ventures, Zero DAO, and other prominent funds.Shady El Damaty, Co-Founder of Holonym, said: "We’re building core person-first principles into the technology we ship out to the world. Our goal is to build a global open-source layer that upgrades the abilities of each citizen with basic access to a digital identity using cryptography to prove their personhood."“We can’t have self-sovereign control of our monetary assets without self-sovereign identity. The Holonym foundation is building critical middleware and applications that will make Web3 users the envy of Web2 users by giving them the power to own, govern, and selectively share their data with strong privacy and security guarantees. Holonym will be part of the solution to usher in the next trillion dollars of assets into blockchain.’’, said Kamal Mokeddem, GP of Finality Capital.Cryptographic keys, or private keys, run the web and secure every digital interaction on the internet. But what if private keys could be built differently and in a more sophisticated way? Human Keys completely change how private keys are derived. Instead of creating private keys from random phrases, Human Keys make humans into keys. This new framing shifts ownership of digital assets from the holder of a random seed, to the human that can uniquely prove their biometrics. Human Keys make the ownership layers of the internet built on top more consumer-friendly, decentralized, and secure. Human Keys encompass three protocols built by the Holonym Foundation, all having security and robust data privacy systems as core principles: · Mishti Network, a breakthrough threshold entropy network that computes an Oblivious Pseudorandom Function (OPRF) on biometric data. This allows humans to derive random secure keys that are hard to steal, and it unlocks private homomorphic computation on encrypted data, allowing untrusted third-parties to authenticate users without ever seeing the underlying data. This is an Actively Validated Service (AVS) on Eigenlayer with crypto economic mechanisms that leverage the economic security of the Ethereum network.· Zeronym, a zero knowledge identity protocol, leverages Human Keys to allow anyone in the world to secretly prove facts about their identity. Over 125,000 pseudonymous Zeronym users around the world have already unlocked these rights, proving their unique personhood, residency, and other attributes to curate a rich digital reputation that they alone own and control.· Silk, a simple and elegant wallet user interface for interacting with crypto protocols. Human Keys are made usable in the real world by the everyday internet user with Silk. Silk provides advanced security tools to protect users from hackers, scams, and malware on the decentralized web.Nanak Nihal Singh Khalsa, Co-Founder of Holonym said: ’’Humanity is not just biometrics, e.g. your face. It is about what you have, what you know and what you are: your property, your memory, and your body. On the current centralized web, we are giving free ownership to our data. Web3 must be the space where we provide robust data ownership and secure sharing of personhood, so that nobody can own your data except you.’’ By granting every human in the world a secure key that only they can hold and control, the Holonym Foundation moves towards global digital inclusion, precisely at a time when advancements in artificial intelligence are poised to leave so many behind.Shady El Damaty, co-founder of Holonym, says this is just the start for the Holonym Foundation. “Human Keys will redefine how citizens interact with the internet by limiting the overreach of power and hardening individual rights with resilient decentralized…
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Techysquad IT Infrastructure Co LLC, a leading provider of advanced CRM solutions, has joined forces with Spotware, the creators behind cTrader - one of the industry's most respected trading platforms - as part of strategic collaboration. This groundbreaking partnership brings together Techysquad’s expertise in CRM technology with cTrader's cutting-edge trading tools developed by Spotware to deliver a more streamlined experience for brokers and traders.Techysquad has meticulously integrated its CRM solutions with the cTrader platform, meaning brokers can now manage their client relationships with greater ease, while also improving customer service.Such integration offers new possibilities, allowing users to experience a more intuitive and efficient trading environment, providing real-time data synchronisation, which is crucial for making informed trading decisions. Meanwhile, the platform's user-friendly interface simplifies trading processes, particularly in the way brokers and traders interact with trading platforms, enabling them to better navigate the complexities of the financial markets - and save time in the process.By teaming up with Spotware, Techysquad is able to tap into more than 14 years of fintech innovation, with the company having revolutionised the trading industry with the development of its proprietary cTrader trading platform.cTrader stands out in a highly competitive market, offering unparalleled order execution speed and an intuitive interface that appeals to both novice and experienced traders. The platform's specially crafted design ensures that users can utilise its advanced capabilities effortlessly without confusion.With the help of advanced tools such as sophisticated take profit and stop loss systems, detachable charts, and a variety of chart time frames, cTrader provides traders with real-time market sentiment and depth of market information, enhancing their ability to make more precise and timely trades.It presents a complete turnkey solution, equipping brokers of all sizes with the technology they need to offer premium forex, CFD, and spread betting services, in turn simplifying the process for brokers to deliver high-quality trading experiences to their clients.Overall, the collaboration between Techysquad and Spotware represents a strategic initiative to provide brokers and traders with a comprehensive, efficient, and user-friendly trading solution. Both companies are united in their mission to continuously innovate in order to meet the evolving demands of the foreign exchange market.Don’t miss out on experiencing the enhanced trading solutions provided by Techysquad and cTrader. Visit the Techysquad blog to learn more about how this collaboration can be of benefit. Schedule a demo or reach out to Techysquad for more information.This article was written by FM Contributors at www.financemagnates.com.
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In the faceof numerous recent retail prop firm failures or suspensions of their operationsdue to licensing issues with trading platforms, one entity has offered to takeover all troubled entities. However, Astra Capital Group sets one condition.Astra Capital Group Wantsto Acquire Prop FirmsLastweekend, Astra Capital announced that it is "ready to acquire any propfirm that shuts down or pauses operations, taking on all their traders"and onboarding them to its platform.Thepotential migration would take a maximum of two days, allowing clients tocontinue trading and struggling business owners to generate some revenue.AnnouncementWe are ready to acquire any prop firm that shuts down or pauses operations, taking on all their traders and onboarding them to our platform. Additionally, the migration would take only 1-2 days, depending on the size of the prop firm and the time of the agreement,…— Astra Capital Group (@AstraFunding) August 15, 2024In return,Astra expects a 70% share of challenge fees from active traders. "Our riskmanagement team will determine which firms have a healthy number of fundedtraders and account sizes," they wrote in a subsequent post. "Basedon the 70% of all challenge fees and further risk calculations, we will makeour decision. We will not simply do this for free."To clarify, we will not be doing this for free. If the prop firm is willing to offer 70% of the challenge fees for all its active traders, our risk management team will determine which firms have a healthy number of funded traders and account sizes. Based on the 70% of all…— Astra Capital Group (@AstraFunding) August 16, 2024AstraCapital has only been in the market since early 2024, but it has since introduced its own technology, which allowed it to launch its proprietary trading platform, Astra X, which is currently available for desktop computers and mobile devices. The companyalso offers payment cards in cooperation with Visa and has announced the launchof an additional futures trading platform within the next three weeks. Itsadvertisements regularly appear on large billboards in New York's Times Square.20 Prop Firms Closed inOne WeekAstraCapital's offer comes at a time when allegedly 20 different prop firmsannounced closures or suspensions of operations in one week. This was all dueto broker Eightcap, which terminated services for prop trading firms for thesecond time this year.MQ has started cracking down on Eightcap, and their ASC license has been suspended. Expect 15+ prop firms to shut down in the coming days. 📸 @PFRT_X pic.twitter.com/MnXLJHK9cT— PROP FIRM MEDIA (@PropFirmMedia) August 15, 2024Thedecision was prompted by MetaQuotes' move to crack down on Eightcap bysuspending its licenses for trading products, including the popular MetaTraderplatform. Many firms grey-labeled access to MT4 and 5 through Eightcap, and itappears that MetaQuotes has started to address this issue more thoroughly.One of thefirms that disappeared from the market for this reason was Funds For Traders."This decision was made after receiving news from Eightcap that they wouldno longer be supporting the MetaTrader 4 and MetaTrader 5 platforms for proptrading. Unfortunately, this means that we can no longer offer these platformsto our users," the company wrote on X.At the sametime, Indigo Trader Funding and Karma Prop Traders also announced their exitfrom the market. Data from the latest survey conducted by PipFarm shows that amaximum of 40% of clients earn money on prop firm challenges, while the restare capital providers.This article was written by Damian Chmiel at www.financemagnates.com.
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The Australian Securities and Investments Commission (ASIC) revealed that it has taken down more than 7,300 phishing and investment scam websites that were attempting to swindle investors. Since July 2023, actions against fake investment platforms have surged, with over 5,530 sites blocked, compared to 1,065 phishing scam hyperlinks and 615 cryptocurrency investment scams.Interestingly, the number of websites blocked by the regulator has dropped dramatically since March 2024, a month when it blocked 734 websites. In April 2024, the regulator blocked 612 websites, which decreased to only 62 in July.Regulator Is Working with a Third-Party CompanyHighlighting the blocking process, the Australian regulator explained that it flags suspicious websites and refers them to a third-party company specialising in cybercrime detection and disruption.“Once evidence of malicious activity is confirmed, the takedown process begins, including identifying relevant parties who can help to take the attack offline,” the regulator noted, detailing the process. However, it did not name the third-party company it has been working with.Although ASIC blocks fraudulent and phishing websites, it does not publish their names, a practice regularly followed by top European regulators. However, none of the other regulators, except the one in Italy, can block flagged websites.Priority to Fight Frauds and ScamsASIC, which oversees the retail financial sector in the country, implemented a ‘scam website takedown capability’ last year, under which it is taking down suspicious websites. It focuses on three types of websites: fake investment platforms, crypto-asset scam websites, and imposter scam websites, all of which are very difficult to detect unless some victims come forward.The regulator strengthened its focus in this area after Australians lost AU$1.3 billion to investment scams in 2023, down from AU$1.5 billion in 2022.Interestingly, a survey conducted by Finance Magnates and FXStreet found that clones of brokers are the biggest threat to victims compared to other scams.“Australians are still losing billions of dollars each year to scams,” ASIC’s Deputy Chair Sarah Court stated. “Scammers are criminals targeting the hip pockets of hard-working Australians – they don’t discriminate, and they use sophisticated techniques to steal information and money.”“The scams landscape is rapidly evolving. Innovative technological developments may improve how we live and work; however, they also provide new opportunities for scammers to exploit… Scammers will continue to adapt and find new ways to lure consumers, and ASIC remains proactive in detecting and disrupting investment scams.”This article was written by Arnab Shome at www.financemagnates.com.
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This week, there was a surge in the number of significant executive moves across the fintech, cryptocurrency, forex, and crypto mining sectors. In this coverage we feature the new changes at IG Group, Broadridge, Grayscale, Rostro Group, Kraken, Bitget, Scope Markets, GTN, Bitfarms, Eightcap, Tools for Brokers, Robinhood, and Pepperstone. IG Group promoted Ricardo Ghiglino to Head of Europe and Emerging Market Tech Delivery; Broadridge named the Former COO of The Bank of London CTO; Grayscale tapped a Former Goldman Sachs Executive to step in as CEO; a former FX expert was selected to lead Rostro's Digital Asset Innovation; and Kraken named Alex Mehrdad General Manager for Canada.Elsewhere, Bitget tapped Ex-Binance Legal Chief in push forregulatory compliance; Scope Markets picked Doo Group veteran as Global HeadBusiness Development; GTN onboarded Saxo Bank veteran to lead Middle Eastexpansion; Bitfarms revamped executive team, welcomed Liam Wilson as ChiefOperating Officer; Eightcap promoted Rositsa Radovanova to General Manager forEurope.Also, Tools for Brokers' Sergei Gruzin left for Finstek asCCO; Robinhood enlisted ex-Cruise and Lyft Exec Jeff Pinner as Chief TechnologyOfficer; IG Group elevated William Mead as Operations Lead; and Pepperstoneappointed new Head of Strategic Operations after EMEA & LATAM HRleadership.Executive Moves of the WeekIG Group Promotes Ricardo Ghiglino as Head of Europe and Emerging Market Tech DeliveryIG Group appointed Ricardo Ghiglino as the Head of Europe and Emerging Market Tech Delivery. Previously, Ghiglino served as the Head of ETP Delivery for more than a year. He is an experienced technology expert with experience from notable brands. At Wit Engineering and Technology Ltd, he served as the Senior Technical Programme Manager and General Manager.Additionally, Ghiglino was a System Analyst at NS Solutions, a Programmer analyst at Deloitte, and a Developer at IT Deusto. Ghiglino’s promotion at IG Group is the latest among recent executive changes at the company. Recently, William Mead was appointed as Head of Operations.Learn more about IG Group's Promotes Ricardo Ghiglino as Head of Europe and Emerging Market Tech Delivery.Broadridge Names Former COO of The Bank of London as CTOBroadridge appointed Simon Robertshaw as the Chief Technology Officer for Trading Solutions. He will be based in London and is tasked with overseeing and advancing the company's front-office trading solutions. This role reportedly encompasses both sell-side and buy-side trading across various asset classes and jurisdictions.Prior to joining Broadridge, Robertshaw was the Chief Operating Officer at The Bank of London, where he led the global banking-as-a-service strategy. Robertshaw's previous experience includes serving as the Global Head of Front Office Technology for Asset Management at UBS. Discover more about Simon Robertshaw's new role as the Chief Technology Officer for Trading Solutions at Broadridge.Grayscale Taps Former Goldman Sachs Executive to Step In as New CEOGrayscale named Peter Mintzberg as the new Chief Executive Officer of Grayscale Investment. Mintzberg joined Grayscale after a series of senior roles across major financial institutions. Before his move to Grayscale, Mintzberg was the Global Head of Strategy for Goldman Sachs Asset & Wealth Management.Commenting on his appointment, Mintzberg said: “I am incredibly proud and honored to share that I have officially joined Grayscale Investments as the company’s new Chief Executive Officer. Crypto is among the fastest-growing categories in Asset Management, and I look forward to collaborating with the Grayscale team to build on the company’s success and deliver for our clients.”Reveal more about Grayscale's pick of Peter Mintzberg as the new Chief Executive Officer of Grayscale Investment.Former FX Expert to Lead Rostro's Digital Asset InnovationRostro Group, a fintech group of companies including Scope Markets trading brand, named industry veteran Mark Foulger as Managing Director of Digital Asset…
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As the WHO declares a global health emergency over the mpox outbreak,vaccine makers' stocks are surging. Is profiting from human misery the newnormal?The Grim Reality: Mpox and the Surge in Vaccine StocksThe recent declaration of a global health emergency by the World HealthOrganization (WHO) in response to the escalating mpox outbreak in Africa hassent shockwaves through the financial markets. But, alongside the cryfor humanitarian aid and global cooperation, the immediate reaction from themarkets was a surge in vaccine company stocks as investors and traders sought to benefit from the surge in demand. This isn’t a blip on the radar,it’s a clear example of how the market capitalizes on crises, with a chillingfocus on human suffering.Mpox has spread from Congo to neighbouring countries, including Burundi, Kenya, Rwanda and Uganda, prompting the WHO to declare the outbreak of the disease a global public health emergency https://t.co/9zZBEST12G pic.twitter.com/2zYrF88om2— Reuters (@Reuters) August 15, 2024As investors rush to capitalize on the potential windfall from thecrisis, shares in vaccine manufacturers have soared. Companies like BavarianNordic and Emergent BioSolutions have seen significantupticks in their stock prices following the WHO's emergency declaration.Bavarian Nordic, which produces the only FDA-approved vaccine for mpox,witnessed a surge in its stock value, while Emergent BioSolutions, a key playerin vaccine production, saw similar gains. Other companies producing medicaltools used in the production or administration of vaccines have also seenupticks.🌍 🇩🇰 Bavarian Nordic $BAVA stock jumps up to 17% at open, post WHO's declaration of the Mpox outbreak as a global health emergency. 🚨 With an approved vaccine ready, the company pledges to deliver 10m doses by 2025. #BavarianNordic #Mpox #GlobalHealthEmergency #Vaccines 💉 pic.twitter.com/m7D6GXkux3— Saxo Bank MENA (@SaxoBankMENA) August 15, 2024Profiting from MiseryLet’s not mince words: the market’s enthusiastic response to the mpoxemergency is pretty grim, though predictable. It's a stark reminder of how thefinancial system often operates with a moral compass that’s spinning wildly outof control. The surge in vaccine stocks isn't about hope or relief; it’s aboutprofit—cold, hard cash made off the back of a public health crisis.This pattern is nothing new. The pharmaceutical industry has a longhistory of reaping massive profits from global health crises. The Covid-19pandemic was a prime example, with companies like Pfizer andModerna enjoying unprecedented stock gains. But the current response to thempox outbreak feels even more unsettling, given the slow, inadequate responseto the needs of those suffering from the disease.Remembering Martin ShkreliIf this all sounds familiar, it’s because it is. Just consider the caseof Martin Shkreli and the infamous Daraprim price hike. In 2015, Shkreli, thenCEO of Turing Pharmaceuticals, jacked up the price of Daraprim—a life-savingdrug used to treat parasitic infections—from $13.50 to $750 per pill overnight.The public outrage was swift, but so was the financial windfall for Shkreli, afamed lover of Kayne West, and his company.The conditions are different, for sure, but the idea of actively profitingoff suffering, especially given the curative nature of the products produced bythe vaccine manufacturers, makes it stick in the throat. One key difference? Thistime, it’s the entire market that’s jumping on the bandwagon, making theexploitation of a public health crisis a norm rather than an anomaly.The Mpox Emergency: A Lesson in Unchecked CapitalismThe current surge in vaccine stocks raises uncomfortable questionsabout the nature of capitalism, particularly in the healthcare sector. When themarket rewards companies for merely being in the right place at the right time,it becomes clear that profit, not people, is the driving force.The WHO’s declaration of a global health emergency over the mpoxoutbreak was meant to mobilize resources, encourage cooperation, and promptaction,…
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VT Markets, a global multi-asset broker, has announced a newpartnership with Newcastle United. A special jersey with the number ‘77’ hasbeen unveiled to mark this partnership. The number ‘77’ is significant for VT Markets, symbolizinggood fortune and growth. In football, a player's number is a key part of theiridentity. VT Markets chose this number to reflect its brand values.Partnership Unveiled at J LeagueThe partnership was officially launched at the J. LeagueInternational Series 2024 in Japan. The event featured an exchange of tokens ofappreciation. Newcastle United presented a jersey with the number ‘77’, whileVT Markets gave an appreciation trophy."We’re proud that VT Markets views Newcastle United asthe ideal partner to support and elevate its ambitious growth plans in marketsacross the world.” said Newcastle United’s Chief Commercial Officer, PeterSilverstone. “We are delighted to welcome another internationally recognisedpartner to our club and look forward to working closely with VT Markets." 💥 VT Markets 🤝 Newcastle UnitedUnited by a shared vision, VT Markets proudly announces the latest partnership with the legendary UK football team, Newcastle United @NUFC. ⚽️This collaboration highlights timeless qualities like bravery, perseverance, and camaraderie—because… pic.twitter.com/ZCuRV4I97e— VT Markets Global (@vtmarketsglobal) August 16, 2024Saitama Stadium Hosts EventThe ceremony took place at the Saitama Stadium in Japan onJuly 31st. The stadium has a capacity of 63,700. Representatives from bothorganizations were present. VT Markets was represented by Agustin Bilinskis,Head of Strategy Operations, APAC, and Dandelyn Koh, Global Brand Lead.Newcastle United was represented by Peter Silverstone, Chief CommercialOfficer."We are incredibly excited about this partnership withNewcastle United, a team that exemplifies the same drive for excellence andinnovation that we strive for at VT Markets," said Agustin Bilinskis, Headof Strategy Operations, APAC of VT Markets. This article was written by Tareq Sikder at www.financemagnates.com.
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Few assets have had as wild of a journey over the past decade as Bitcoin, with the leading crypto poised to make further waves in 2024. Despite all its ups and downs, Bitcoin still reigns supreme with the largest cap of any crypto and unquestionable dominance amongst retail traders and adoption. With this in mind, it comes as no surprise that the upcoming Finance Magnates Pacific Summit (FMPS) will be featuring Bitcoin as well as cryptocurrencies at length as a dedicated content vertical.FMPS will be here in less than two weeks, with the doors swinging open on August 27-29 in Sydney Australia. Held at the International Convention Centre, the event will be drawing attendees from around the Asia-Pacific (APAC) region as well as globally. The event is expected to attract several different types of attendees, each of whom is available for face-to-face engagement, networking, or business: Forex/CFD BrokersInstitutional BrokersAffiliates & IBsTraders & InvestorsEducators & Market ExpertsFintech & Payments BrandsCrypto & Digital Assets BusinessesTechnology & Liquidity ProvidersPress/MediaRegulatorsStart-upsInvestors/VCsIn addition to crypto, FMPS will also be covering three other content verticals, including online trading, fintech, and payments. Each of these will be featured over two full days of exhibition across informative panels, workshops, keynotes, and more. These sessions will take place on the Centre Stage and Exchange Zone with the full-length agenda live for viewing. Attendees are also encouraged to explore one particular workshop of note, ‘Bitcoin's Journey: Past Performance and Future Trends’.Registration for FMPS is available for a limited time only! To reserve your seat to APAC’s biggest event of the year head on over to the event website and register today! Skip the queues on-site and make sure to sign up in advance. Is the Next Bitcoin Bull Run Around the Corner?It is impossible to know where you are going if you do not know where you come from, and Bitcoin is no exception. FMPS will have several presentations focus on cryptos, though one in particular will track Bitcoin's fascinating evolution, from its revolutionary inception to its position as a pivotal force in global finance.You cannot afford to miss the session, ‘Bitcoin's Journey: Past Performance and Future Trends’. This panel will be held on August 28 at 16:10-16:30 at the Exchange Stage, run by Tai Jiang, Chairman and CEO at FX168 Finance Group.As a professional investor with 30 years of experience in the financial and investment industry, Mr. Jiang is ideally suited to explore the latest trends on Bitcoin. He is a seasoned expert in corporate market value management, holding financial licenses in China, Canada, and other regions. He has also been a Guest Professor at Zhejiang University of Technology, external advisor for graduate students at the School of Public Economics and Administration at Shanghai University of Finance and Economics, and at the International Business School at Southwestern University of Finance and Economics.Workshop participants can uncover key historical milestones and market dynamics and examine emerging trends, the regulatory field, and the growing role of institutional investors. Attendees can also expect to gain a thorough understanding of Bitcoin's potential and transformative impact.See you in Sydney in less than two weeks!This article was written by Jeff Patterson at www.financemagnates.com.
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Evest, a multi-asset online trading platform, announces its new milestone of achieving 1 million registered clients on its sophisticated and tech-advanced wealth management solutions portfolio. This incredible achievement reflects Evest’s unwavering commitment to providing valuable financial insights, tools, and opportunities to its dedicated trading and investment community. Since its inception, Evest has demonstrated consistent growth and success. It is on a mission to democratize finance management and empower individuals to take control of their financial future. Marked by innovation and a strategic focus on delivering the best possible experiences for its registered clients, the 1 million mark solidifies Evest’s position as a trusted and reliable financial planning partner. A wave of excitement runs through the organization, highlighting esteemed clients' immeasurable trust and support. Celebrating the success, Ali Hasan, CEO of Evest, said, “Our registered clients community is at the core of everything we do at Evest. We have achieved this monumental feat because of their unwavering support, and they continue to motivate us to reimagine investment strategies and create boundless opportunities. Each registered client brings unique perspectives, aspirations, and goals, contributing to the richness and diversity of our platform. We are deeply grateful for our registered client's trust in us and their active participation in making Evest a dynamic and supportive environment for traders and investors of all proficiency levels. Thank you for being an integral part of our journey.”Beyond the 1 million mark, the milestone achievement represents a vibrant, engaging, and diverse community of individuals who conform to Evest’s vision and value their services. It underscores Evest’s commitment to providing a tech-advanced, safe, and trustworthy trading platform, indicating impact and highlighting its reputation as an expert finance and investment planning partner. While the leading investment platform basks in the success of connecting 1 million registered clients with new-age financial management solutions, the milestone also serves as a reminder to continue delivering excellence aligned with seamless experiences and upgraded knowledge. Ali Hasan continues, “With immense gratitude, we would like to thank each of our registered clients. Their support, feedback, and engagement have been instrumental in our success. Together, we have built an extraordinary liaison and are excited to see what the future holds for us and our incredible community.” This milestone further boosts Evest’s unprecedented approach in the CFD online trading industry as the future beckons with renewed vigor. Evest stands committed to providing valuable resources, cutting-edge tools, and exceptional customer service to help its users achieve their financial goals. For further information, log onto https://www.evest.comAbout Evest:Established in 2020, Evest is an online investment trading platform that provides seamless trading and wealth management experiences to traders and investors worldwide. Its comprehensive and user-friendly interface, bolstered by timely and accurate market data, makes it a trusted partner for all trading needs.Evest’s highly knowledgeable, trained, and bi-lingual customer support team efficiently resolves client issues with quick turnaround. While the platform is secured with the most advanced firewalls, Evest prioritizes protecting client personal data and financial resources.This article was written by FM Contributors at www.financemagnates.com.
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Bybit has announced its expansion into Latin America. Thecompany has registered as a Virtual Asset Service Provider (VASP) and cardoperator in Argentina. This move makes Bybit one of the first to offer a fullrange of digital asset services in the Argentinian market.Argentina's recent establishment of the VASP registry marksa step forward in regulating the cryptocurrency sector. Bybit’s registrationhighlights its intention to follow local regulations and offer a secureplatform to users.Argentina Embraces Digital AssetsAs a VASP and card issuer, Bybit can now provide variouscrypto-related services to users in Argentina. This development comes asArgentina faces economic difficulties and recently approved a company to usecryptocurrency as registered capital. This approval by the Argentine GeneralInspectorate of Justice shows Argentina's growing acceptance of digital assets."This achievement marks a significant step forward inour mission to provide accessible and secure digital asset services to usersworldwide and our commitment against financial crime. Bybit is committed tosupporting Argentina's economic growth and empowering its citizens through thepayment capabilities and potential of blockchain technology," said BenZhou, Co-Founder and CEO of Bybit.Meanwhile, the Argentinegovernment has established a registry for Virtual Asset Service Providers,requiring the registration of cryptocurrency exchanges and related companies.This move follows recent developments under President Javier Milei, whoinitially supported cryptocurrencies but is now facing criticism.The new regulations, which include changes to anti-moneylaundering and counter-terrorism financing laws, were enacted on March 14 afterapproval by the Argentine Senate, as reported by Finance Magnates.Adhering to Local RegulationsBybit's entry into the Argentinian market aims to enhancethe country's financial landscape with accessible and secure digital assetsolutions. The company emphasizes the security of user assets, implementingmeasures to protect funds and data. Bybit adheres to Argentina's anti-moneylaundering and counter-terrorism financing regulations.With its global infrastructure and liquidity, Bybit providesArgentinian users access to a variety of digital assets andcryptocurrency-backed payment cards, catering to their needs.This article was written by Tareq Sikder at www.financemagnates.com.
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Floki has partnered with Nottingham Forest football club, which currently is playing the English Premier League (EPL). Announced on Thursday, Floki will be the official cryptocurrency partner of Nottingham Forest and have extensive marketing and promotional rights.“We are proud to join the ranks of the Premier League with a club that is an institution in world Football,” a media representative of Floki said. “Just as Nottingham Forest are building a future as a dominant force in world football, Floki is on the same journey to establish itself as one of the most successful brands in its sector, constantly challenging and innovating with brands like Valhalla.”During all home games, the Floki brand mark will be featured for three minutes on camera-facing LED boards from kick-off to the final whistle. This ensures that the Floki brand is seen by both stadium audiences and TV viewers.The Floki logo will also be prominently displayed. It will appear in four slots on official Premier League interview backdrops at each home match and in four spaces on press conference backdrops used throughout the season.Floki will have a strong presence on Nottingham Forest's social media channels. The brand will be mentioned in posts related to full-time scores for both the men’s and women’s senior teams and in all substitution announcements.Additionally, Floki will have a full-page presence in the matchday programmes distributed at each home game, and its logo will be displayed on the front cover. This helps connect Floki to the matchday experience and the fans.Fans can look forward to exciting offerings, such as signed merchandise. At the end of the season, Floki will offer fans the chance to participate in a ‘play on the pitch’ experience at the stadium.Paul Bell, Nottingham Forest's Chief Operating Officer (COO), said, “We are delighted to welcome Floki as an official partner and look forward to working closely with them as we head into the 2024/25 season. As one of the most innovative companies within this sector, we're excited to work collaboratively with the Floki community.”Popularity of EPLEnglish Premier League (EPL) is the most popular sports league in the world. It has more viewers than both the UEFA Champions League and the Bundesliga combined. In the 2022/23 season, the EPL had a total audience of 3.23 billion people. These games were broadcast to 712 million households in 190 countries.According to Nielsen, 2.01 billion viewers watched live match broadcasts over the season. Additionally, 1.22 billion viewers tuned into highlight shows and other related programming. English Premier League clubs also have a massive following on social media with over half a billion followers spread across Facebook, Instagram, TikTok, X, and YouTube.Nottingham Forest's HistoryFounded in 1865, Nottingham Forest is a club with a rich history. It is one of only eight clubs, including Liverpool, Ajax, Bayern Munich, and Real Madrid, to have won back-to-back European championships. Nottingham Forest also has a strong online presence, with over 4.5 million followers on various social media platforms. This includes one million fans on Facebook, 670,000 followers on X, one million followers on Instagram, 1.2 million followers on TikTok, and 184,000 subscribers on YouTube.About FlokiFloki (https://floki.com/) is the people’s cryptocurrency and utility token of the Floki Ecosystem. Floki aims to become the world’s most known and used cryptocurrency, focusing on utility, philanthropy, community, and marketing. Floki currently has over 490,000 holders and a strong brand recognized globally thanks to strategic marketing partnerships.This article was written by FM Contributors at www.financemagnates.com.
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Trading 212, a fintech firm offering cash equities andcontracts for differences (CFDs), acquired FXFlat Bank GmbH in an expansioninto the German market, the latter announced. This acquisition aims to provideGerman investors with access to Trading 212's zero-commission investingplatform, an offering promising to disrupt traditional brokerage models in theUK and Europe.Trading 212’s ExpansionThe acquisition of FXFlat Bank GmbH represents a leap for Trading 212. Known for zero-commission investing, Trading 212 hasbuilt a reputation across the UK and Europe. The latest acquisition allows the company to operate within Germany through a fully licensedGerman entity.The companies are reportedly working to integrate Trading 212’s trading and investing platform into the German market soon. While FXFlat will temporarily pause onboarding newclients during this transition, existing clients will continue to receive fullsupport."We are thrilled to announce that FXFlat Bank GmbH has beenacquired by Trading 212 Group Limited (‘Trading 212’), one of thefastest-growing fintech companies in the UK and Europe and a pioneer inzero-commission investing," FXFlat Bank mentioned on its website."This acquisition marks an exciting new chapter, as itallows us to bring Trading 212's exceptional value and user experience toGerman investors through a fully licensed German entity."This year, Trading 212 obtained a crypto asset serviceprovider (CASP) license from the Cyprus Securities and Exchange Commission. Theregulator granted the firm’s local entity, Trading 212 Crypto Ltd, approval in May. The entity is separate from Trading 212 Markets Ltd. The mandate enables Trading 212 to provide exchange services between digital assets and fiat currencies, as well as crypto custodial services. Expanding Business GloballyBesides that, Trading 212 expanded its business with amulti-currency payment card for users in the UK. The company partnered withPaynetics, an e-money services provider, to offer a payment card with acashback of 1.5% until the end of September and then reduce it to 0.5%The London-based brokerage firm also announced plans to introduce card services in the UK. Branded 212 Card, this offering promised aninterest rate of 5% APY daily and a cashback offer of 0.5%up to £20 monthly.Trading 212's cards also enables global transactions,reportedly with a foreign exchange fee of 0.15% and no fees charged onweekends. This approach to currency exchange enables users to manageinternational transactions. Trading 212 was founded in Bulgaria in 2004 as Avus Capital but was later incorporated in the UK in 2013.This article was written by Jared Kirui at www.financemagnates.com.
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Global payment company plans to expand its services inLatin America with the latest license application in Brazil. This month, thecompany applied for a Payment Institution License in Brazil, seeking to offerlocalized payment services and enhance its real-time payment capabilitiesthrough Pix. Licensing and PartnershipsAdditionally, the company is seeking FX authorizationto boost its foreign exchange services, according to a statement released(today). These licenses are expected to boost client confidence in Nium's riskmanagement and compliance standards, ensuring secure transactions.Speaking about the expansion strategy, Prajit Nanu,the Founder and CEO of Nium, said: "Latin America is a key player inglobal marketplaces, especially in connections with Asia and Europe. "Our investments and expansions in the region reflect our commitmentto its dynamic growth."Nium's recent partnerships include a notablecollaboration with BS2, a Brazilian digital bank. BS2 will utilize Nium'sGlobal FX product to streamline FX costs and enable real-time payouts betweenBrazil and major trading partners like China and the UAE. This partnership also integrates BS2 into Nium'snetwork as a Brazilian Real (BRL) Correspondent Bank, facilitating real-timePix payments. Since its entry into the region in 2017, Nium has secured clientssuch as Ouribank and Treviso. The company's expanded partnership with Ebury alsooffers a new global remittance service in Brazil, designed to deliver fast andaffordable cross-border payments.Joining Industry Associations Nium has also joined ABRACAM, the Brazilian ExchangeAssociation, which will provide access to regulatory insights and industryresources. This membership aligns with Nium's goal of contributing to Brazil'sfinancial ecosystem and influencing policy development.Latin America's cross-border payment market isexperiencing robust growth. A McKinsey report highlights double-digit growth intransactions between 2021 and 2022. The Central Bank of Brazil's Pix system has seenremarkable adoption. It processed R$11.8 trillion in transactions in the firsthalf of 2024 alone, with record transaction days.Recently, Nium named Spencer Hanlon its Chief Operating Officer. Hanlon is responsible for expanding thecompany's operations globally. His experience includes leadership roles atBritish Airways and AirPlus International. Hanlon succeeded Pratik Gandhi.Elsewhere, Nium announced a new collaboration with Artajasa, one of Indonesia's premier payment infrastructure companies, thisyear. The agreement seeks to boost cross-border transactions between Indonesiaand the rest of the world, enabling real-time transfers.This article was written by Jared Kirui at www.financemagnates.com.
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