The US National Futures Association (NFA) has issued a serious complaint against NinjaTrader Clearing LLC and its President, Michael Cavanaugh, for significant deficiencies in their anti-money laundering (AML) program as well as failures in supervisory responsibilities. This unsettling development
As the need for effective global conservation efforts intensifies, biodiversity credit projects and the methods to calculate their value are becoming increasingly pivotal. These credits act as financial incentives for activities aimed at achieving positive environmental outcomes, such as enhancing
In a groundbreaking development aimed at streamlining payment processes and enhancing fraud controls, Payfinia, Inc. has announced the launch of a new Credit Union Service Organization (CUSO) in collaboration with Star One Credit Union. This initiative is centered around the newly developed Instant
Bank of Valletta (BOV), Malta’s oldest and largest financial institution, is making significant strides in enhancing its portfolio management and investment services operations. By partnering with Profile Software, a Greece-based vendor, BOV aims to amplify its investment services using the Axia S
NovoPayment, a leading provider of embedded financial and payment infrastructure services, has recently secured $20 million in funding from Morgan Stanley Expansion Capital. This investment represents a crucial milestone for the US-headquartered company, which specializes in offering an extensive
Bitcoin has once again captured the global spotlight as its value surged past $88,000 per coin, marking a new all-time high and fueling widespread speculation about what lies ahead for the world's most prominent cryptocurrency. This unprecedented leap, driven significantly by a mix of
Artificial intelligence is swiftly revolutionizing the financial services industry, offering unprecedented opportunities for efficiency, security, and enhanced customer satisfaction. With AI applications projected to save banks an estimated $447 billion by 2023, financial institutions are
Banco de Crédito del Perú (BCP) has embarked on a massive technological leap by planning a $650 million investment in cloud modernization over the next five years. This strategic move involves partnering with tech giants Microsoft and Kyndryl to overhaul BCP’s internal systems using hybrid cloud tec
Decentralized Finance (DeFi) has revolutionized the financial sector by offering a peer-to-peer alternative to traditional financial intermediaries and transactions. As we move into 2024, several emerging trends and innovations are set to shape the future of DeFi, enhancing its usability,
Informatica, which trades on the New York Stock Exchange under the ticker symbol INFA, has announced a significant milestone with the pricing of a secondary public offering of its Class A common stock. In this move, 16 million shares held by funds associated with Permira and the Canada Pension Plan
