To address recent regulatory changes, SNB Capital has chosen global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR), to help build its local securities lending and borrowing business. As the largest broker and asset manager by market share in 2022 and a leading custodian in Saudi Arabia, SNB Capital will leverage Broadridge's Securities Finance and Collateral Management (SFCM) solution to grow the coverage of its Securities Services offering on local assets.
The dominance of a handful of cloud service providers in the financial sector raises concerns about operational resilience and the bargaining power vendors have in negotiations with smaller FS players, according to a US Department of the Treasury report.
Tide, the leading digital business banking platform, has completed its purchase of Funding Options, a UK marketplace for business finance, following FCA approval. The proposed acquisition was announced in November 2022.
A senior board member at the Bank for International Settlements has called for a co-ordinated regulatory response to restrict the incursions of Big tech firms like Amazon, Apple and Google into financial services, arguing that the current rules are "not fit for purpose".
The Office of the Comptroller of the Currency (OCC) today announced the selection of Kristen Baldwin to be the agency's Chief Information Officer (CIO), effective February 26, 2023.
Fintech Australia and the Financial Data and Technology Association (FDATA) are calling on Australia's competition watchdog to intervene in ING Bank's planned upgrade to an Open Banking-related system.
Reacting to a surge in anti-money laundering fines, fraud prevention company Seon has acquired compliance and financial crime specialist firm, Complytron
