financial services

UAE Currency

Gulf countries will return to economic growth

The International Monetary Fund (IMF) has forecast the return of GCC countries to faster economic growth starting next year, supported by a fundamentally strong financial services sector and improved ... Read More

AAT affirms ASIC’s disqualification and banning of the former MD of Provident Capital Ltd

On 2 May 2017 the Administrative Appeals Tribunal (AAT) upheld ASIC’s decision that Mr Michael Roger O’Sullivan of Sydney be disqualified from managing corporations for five years and from ... Read More

FIS reports first quarter 2017 results

GAAP revenue increased 3.4 percent, and organic revenue increased 1.7 percent Diluted EPS from continuing operations was $0.41, and Adjusted EPS was $0.86 Net cash provided by operating activities ... Read More

DTCC repo clearing services gain regulatory approval

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that the Securities and Exchange Commission (SEC) has approved ... Read More

ASIC takes action against Courtenay House Capital Trading Group to protect investors

Following an application by ASIC, the Supreme Court of NSW has made interim orders by consent against Courtenay House Capital Trading Group Pty Ltd (Courtenay House Trading Group), Courtenay ... Read More

Financial sector breaches skyrocket in 2016

More than 200 million financial services records were breached in 2016, representing a 937% percent increase over the previous year, according to data from IBM. The monetary gains associated ... Read More

VC investments in financial services startup shifts in Europe

Venture capital investments in financial services startups are showing a geographical split, with funding for so-called “fintech” companies in the United States cooling but soaring in Europe, according to ... Read More

The financial services industry is in top of cybercrime attacks

Cyberespionage and ransomware attacks are on the increase warns the Verizon 2017 Data Breach Investigations Report Cyberespionage is now the most common type of attack seen in manufacturing, the ... Read More

FCA UK reports number of complaints higher for last reporting period

The Financial Conduct Authority (FCA) has published data on the number of complaints reported by firms under new rules which came into force on 30 June 2016. The total ... Read More

ASIC signs fintech Cooperation Agreement with OJK to promote innovation in financial services

The Australian Securities and Investments Commission (ASIC) and Indonesia’s Otoritas Jasa Keuangan (OJK) have entered a Cooperation Agreement to promote innovation in financial services in their respective markets. The ... Read More
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