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The Financial Investment Industry Goes Digital with the Help of NovationWire’s Distribution Platform

pandora
3 minutes

Hong Kong / NovationWire / NovationWire’s Distribution Platform has aided financial investment companies in their marketing and promotional efforts during the COVID-19 pandemic. The digital adoption wave has led to certain brands excelling over the past 6-7 months, as at-home workouts and health-conscious workarounds have accelerated sales revenue and online traction for multiple financial investment companies. Now, with NovationWire’s opportunities for multi-channel press release distribution, brands can amplify their online presence and catch the attention of financial investors through a targeted press release distribution campaign. Jarral Barrack of Infinite Investing Co., Ltd. cited the digital success of its company, making significant strides in online financial investment instruction. Infinite, in particular, generated $200 million in revenue in Q4, up 80% from the same quarter from the previous year. “The success is amazing, but the major players aren’t the only ones that are benefiting from this online adoption,” said Alex Xie, NovationWire’s VP. “We have worked with multiple small and midsize financial investment companies that have taken advantage of the growing digital...

ACN Newswire
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CadencyDirect Integrates into ServiceNow’s GRC Solution to Drive Better Risk-Informed Decisions across the Enterprise

indie
4 minutes

DALLAS, TX, Oct 5, 2021 - (ACN Newswire via SEAPRWire.com) - Trintech, a leading global provider of integrated financial close automation software solutions for the Office of Finance, today announced the latest release of CadencyDirect which now integrates into ServiceNow's GRC solution to help customers strengthen their compliance frameworks and drive better risk-informed decisions across the enterprise."At ServiceNow our aim is to make work, work better for people," said Vasant Balasubramanian, vice president and GM of the Risk BU at ServiceNow. "Through this integration of CadencyDirect into ServiceNow's GRC solution, we are helping to make work flow more seamlessly for CFOs and their financial teams by helping them achieve enhanced visibility and control of critical financial data in order to handle risk with confidence."A key capability delivered with this release includes the ability for critical financial close tasks and issues to trigger notifications and workflows throughout the enterprise within the Now Platform. With this capability, along with the integration to GRC, Trintech and ServiceNow are enabling digital transformation that reduces the risk to the global enterpri...

ACN Newswire
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Trident Financial Planning Joins Connectus, Further Expanding Connectus’ Footprint in the United Kingdom

indie
4 minutes

NEW YORK, NY, Oct 4, 2021 - (ACN Newswire via SEAPRWire.com) - Focus Financial Partners Inc. (NASDAQ: FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that Trident Financial Planning Limited ("Trident") has been acquired by Connectus Wealth Advisers ("Connectus"). Trident is a boutique chartered financial planning and wealth management firm headquartered in Berkshire, England with a satellite office in East Lothian, Scotland. Founded in 2010 by Vincent Reeves, Duncan Forbes and Andrew Wagstaff, Trident provides customized wealth management and financial planning advice to individuals and families throughout the United Kingdom. Through a high touch, personalized service model for clients across all phases of their financial lives, Trident has established long-standing and loyal multi-generational relationships."We are very excited to announce our partnership with Connectus," said Vincent Reeves, Founder and Director of Trident. "This is the next step in the evolution of our firm, and we are pleased to be gaining a strategic partner who appreciates our entrepreneurial and client-centric mindset. Similarly, we look forward to ga...

SeaPRwire

Money tips for an equal marriage

elean
6 minutes

(NYTIMES) - A year and a half of pandemic living has revealed - or reminded us of - some persistent patterns around money, gender, marriage and families. And they aren't always pretty. There is data showing a link between financial stress and domestic violence. And millions of women felt they had no choice but to leave paid employment to provide care for children or other family members. Matrimony and parenting involve compromise, without question (and sometimes, seemingly, without end). But it need not be disproportionate. There are plenty of reasons to equalise the financial decision-making in your marriage - and this goes for every couple. If you're among the many getting married now as part of the great pandemic wedding boom, consider adding another promise: that yours will be a financially egalitarian marriage. Here is what that might mean. 1. First, understand where the power lies When a new household is setting a financial baseline, it is almost impossible to avoid talking about power. Sociology professor Rachel Sherman, of the New School for Social Research in New York, examined arrangements of authority in the marriages of the affluent in her book Uneasy Street. While gend...

ACN Newswire
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New England Investment & Retirement Group to Join Focus Partner Firm Connectus Wealth Advisers, Continuing Connectus’ Strong Momentum in the United States

indie
4 minutes

NEW YORK, NY, Oct 2, 2021 - (ACN Newswire via SEAPRWire.com) - Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which New England Investment & Retirement Group, Inc. ("NEIRG"), a registered investment adviser headquartered in North Andover, MA, will join Connectus Wealth Advisers ("Connectus"). The transaction is expected to close in the fourth quarter of 2021, subject to customary closing conditions.Founded in 1995, NEIRG provides holistic wealth management services to high-net-worth individuals and families, trusts, estates, endowments and retirement plans. Through sophisticated financial planning and a differentiated investment management approach, including access to proprietary alternative investment solutions, NEIRG provides its clients with highly personalized services to help them attain their objectives."Joining Connectus will position us to achieve the next phase of our firm's evolution and growth while maintaining our boutique service approach and culture. Connectus will equip us with a very attractive suite of tools and...

SeaPRwire

950,000 HDB households to receive GST rebates in October

aseanpr
2 minutes

SINGAPORE - About 950,000 households living in Housing Board flats will be receiving their quarterly goods and services tax (GST) rebates in October. They will be disbursed through the GST Voucher (GSTV) - U-Save initiative, and credited via offsets to household utility bills, said the Ministry of Finance on Friday (Oct 1). The total amount distributed under the GSTV - U-Save and U-Save Special Payment initiatives this financial year will tally up to about $460 million. The amount that households will get is tagged to the type of HDB residence. Households in one- and two-room HDB flats typically receive rebates that amount to an average of about three to four months of their utility bills. With the addition of the U-Save Special Payment, the rebates will amount to about 4½ to six months of their utility bills. For those in three- and four-room HDB flats, the additional support will be equivalent to about 1½ to three months of their utility bills. The next round of GSTV - U-Save rebates for this financial year will be in January next year. The U-Save Special Payment was previously given in April and July, where households received additional rebates amounting to 50 per cent of their...

ACN Newswire
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Crypto Financial Services Firm Blofin Raises US$12 Million Series A2 Led by KuCoin Eco Fund

indie
2 minutes

BEIJING, Sep 27, 2021 - (ACN Newswire via SEAPRWire.com) - Crypto financial services firm Blofin has raised US$12 million in a series A2 round of financing, led by KuCoin Eco Fund, followed by Matrix Partners, Lingfeng Capital and Fenbushi Capital. In March of this year, Blofin finished a US$10 million A+ round of financing led by SIG and Matrix Partners.At present, Blofin's current global assets under management (AUM) has reached US$150 million. As a Cayman Island registered crypto finance service agency, its proprietary quantitative database covers over 50+ exchanges worldwide through real-time data and is connected with over 200 global quantitative trading teams.Blofin also provides crypto asset management services by focusing on small and medium sized Quantitative Hedge Funds to provide capital investments, lower trading fees, and other financial services.With this new round of financing, Blofin will onboard more talent to develop new products and apply for more licenses globally. Blofin obtained the US federal MSB license (the last four digits are 0143) signed by FinCEN two weeks ago. Blofin is close to securing additional digital asset management licenses for Hong Kong, Singa...

SeaPRwire
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Trintech Named to the 2021 AIFINTECH100 List

pandora
4 minutes

FinTech Global recognizes Trintech’s leadership in utilizing advanced Artificial Intelligence and Machine Learning capabilities to reduce the time and risk across the Record to Report process DALLAS, TX / ACCESSWIRE, Sept 10, 2021 – (ACN Newswire) – Trintech, an industry-leading global provider of Record to Report software solutions for the Office of Finance, today announced that FinTech Global has named the company as one of the world’s most innovative AI solution providers on its inaugural AIFINTECH list for 2021. The list identifies the top 100 companies chosen by a panel of industry experts and analysts who reviewed a study of over 1,000 fintech companies undertaken by FinTech Global. The solution providers making the final list were recognized for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the financial services value chain. Trintech has developed Financial Controls AI within its leading Record to Report platform, Cadency(R) by Trintech, to help customers quantitatively evaluate risk within the Record to Report process. Trintech’s Financial Controls AI allows customers to automate wo...

SeaPRwire
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Capital.com Grows its Global Regulatory Footprint with Expansion into Australia

pandora
5 minutes

UK’s leading leverage trading platform known for its high client satisfaction levels is granted regulatory approval to extend mobile and web-based trading services to Australian investors MELBOURNE, Sept 9, 2021 – (ACN Newswire) – Capital.com, the high-growth global fintech innovator leading the UK leveraged trading industry in overall client satisfaction, has today announced it has received a license to operate in Australia and opened an office in Melbourne. The platform will operate with an Australian Financial Services (AFS) license, granted by the Australian Securities and Investments Commission (ASIC). Recognised as one of the fastest growing fintechs in Europe, this is the latest expansion initiative by Capital.com to enable more people to seamlessly trade and invest in financial markets. The approval of the AFS license marks Capital.com’s latest commitment to expand across the globe offering clients a highly regulated and secure trading experience. Capital.com currently has entities that are regulated by either the Cyprus Securities and Exchange Commission (CySEC) in Europe or the Financial Conduct Authority (FCA) in the UK. “ASIC applies enhanced levels of regulation to the...

SeaPRwire
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‘The Future Is Now’ – Asia Digital Financial Summit 2021 and S.A.M. Academy Launched

pandora
4 minutes

– S.A.M. Academy officially launched on 1 September 2021– Asia Digital Financial Summit to be held on 27 November 2021– The Financial Commission endorses Samtrade Academy as certified educational provider, Aug 2021 SINGAPORE, Sept 1, 2021 – (ACN Newswire) – The 2nd edition of the Asia Digital Financial Summit will take place on 27 November 2021. Featuring keynote speaker Tony Fernandes founder of Air Asia, and a stellar line-up of exciting speakers covering a wide range of investments, currencies and topics such as business and entrepreneurship etc, it will once again reach out to some 2 million potential attendees. Registrations commence on 1 September 2021 via the Asia Digital Financial Summit registration link : https://promo.samtradeacademy.com/stac-adfs2021nov-en-press/. Along with the launch of the Asia Digital Financial Summit, S.A.M. Academy will also be officially launched. S.A.M. Academy aims to be the trusted education partner for learners and investors and with a faculty of expert practitioners boasting decades of experience between them, learners are provided with solid insights coupled with practical knowledge that can be immediately applied to their careers or daily ...

SeaPRwire

London takes aim at New York with five-year financial plan

elean
2 minutes

LONDON (REUTERS) - Britain needs to ease taxes on banks and make it easier to hire staff from abroad, its financial and professional services lobby said in a blueprint to help London unseat New York as the world's top international financial centre within five years. The strategy paper on Tuesday (Sept 7) from TheCityUK reiterated some ideas already aired in government-backed reports and elsewhere in recent months as the City of London looks to recoup ground lost following Britain's departure from the European Union. "By some metrics, the UK is losing ground: London is currently slipping further behind New York each year while other centres are strengthening," the paper said. The United States financial capital overtook London in 2018 in a leading annual survey, it said, adding that New York dominated in stock market listings. "The UK therefore needs to adopt a relentless focus on strengthening its international competitiveness to win back the prize of being the world's leading international financial centre," TheCityUK lobby group, which promotes the wider financial sector abroad, paper added in the paper. Britain's departure from the European Union effectively closed London off f...

ACN Newswire
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VC Holdings Announces 2021 Interim Results

indie
4 minutes

HONG KONG, Aug 31, 2021 - (ACN Newswire via SEAPRWire.com) - Value Convergence Holdings Limited ("VC Holdings", together with its subsidiaries, the "Group"; Stock Code: 0821.HK), a well-established and one- stop financial services institution in Hong Kong, is pleased to announce its interim results for the six months ended 30 June 2021 ( the "Reporting Period").During the Reporting Period, the Group successfully achieved a business turnaround, with its total revenue significantly increasing by 35.6% to approximately HK$37.8 million as at 30 June 2021 (1H2020: HK$27.9 million). The Group recorded a profit attributable to owners of the Company of approximately HK$ 101.1 million for the Reporting Period as compared to that of a loss of approximately HK$54.8 million for the same period last year. Basic earnings per share were HK5.93 cents (1H2020: Basic loss per share of HK4.45 cents).Mr. Peter Fu, Chairman and Executive Director of Value Convergence Holdings Limited, said, "VC Holdings has always been dedicated to offering premier financial services and products that fulfil various investment and wealth management needs of clients in the Great China region. Benefiting from the outperf...

ACN Newswire
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VC Holdings Expects a Turnaround in 1H 2021

indie
3 minutes

HONG KONG, Aug 9, 2021 - (ACN Newswire via SEAPRWire.com) - Value Convergence Holdings Limited ("VC Holdings", together with its subsidiaries, the "Group"; Stock Code: 0821.HK) announced that, based on its preliminary assessment of the unaudited consolidated financial statements of the Group for the six months ended 30 June 2021 ("Reporting Period"), the Group is expected to turnaround and record an unaudited consolidated profit attributable to owners of the Company of approximately HK$100 million for the Reporting Period as compared to that of a loss of approximately HK$55 million for the same period last year. The turnaround is mainly attributable to the increase in revenue of approximately HK$10 million, mainly from interest income generated from margin financing and money lending businesses. Meanwhile, a net realised and unrealised gain in financial assets at fair value through profit or loss of approximately HK$79 million was recorded, as compared with the net realised and unrealised loss of approximately HK$22 million for the same period last year. Last but not least, reversal of impairment loss on receivable of approximately HK$29 million was recorded in the Reporting Period...

SeaPRwire

Offering financial know-how to graduates

elean
4 minutes

(NYTIMES) - With financial adulthood comes a series of firsts - apartments, loan payments and other complex decisions, all made while rent is high and starting pay cheques are low. So, what if that young adult heading out into the working world could confide in a trained, trusted guide, someone who might share the magic of compound interest or illustrate how setting aside just a little money at age 22 instead of 32 can translate into hundreds of thousands of dollars later? If you are close to someone entering this new phase - whether from high school, graduate school or somewhere in between - providing the gift of professional advice may be one of the most efficient ways to set him or her on the right path. Financial know-how comes in many forms, so highly motivated individuals can figure out how to navigate on their own. But there are plenty of snake oil salespeople - and TikTok videos and crypto-hyping friends do not always provide sound advice. Laying out a few hundred dollars for guidance can help prevent costlier mistakes, while providing the support to arrive at financial decisions more thoughtfully, even if it is not the most favourable option on the spreadsheet. "Often, I e...

JCN Newswire
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Fujitsu AI Scoring Platform Powers New Galileo XAI Solution from LARUS for Financial Services

ruth
7 minutes

TOKYO, Aug 4, 2021 - (JCN Newswire via SEAPRWire.com) - Italian solutions vendor LARUS Business Automation S.r.l. and Fujitsu Limited plan to leverage components of Fujitsu's Finplex AI Scoring Platform Service EnsemBiz for LARUS' new Graph XAI (1) service, Galileo XAI, an offering for the financial services industry. Fujitsu's Finplex EnsemBiz offers users functionality ideally suited to financial services applications with added capabilities based on Fujitsu Research's existing "Deep Tensor" machine learning technology for analyzing graph-structure data. LARUS will begin offering its new Galileo XAI solution from August, while Fujitsu will offer related integration services to customers in the Japanese market.The combination of LARUS' graph-powered platform with Fujitsu's Finplex EnsemBiz makes it possible to achieve highly accurate analysis of graph structure data, a task not feasible with conventional technologies. Fujitsu and LARUS have developed this technology to mitigate potential risks and costs facing financial institutions, delivering a solution that can automatically detect sophisticated and complex illegal transactions, including self-financing (2) through advanced ana...

ACN Newswire
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Alphaus enters Singapore Cloud Financial Management market with Cloud Comrade win

indie
6 minutes

KUALA LUMPUR, Jul 29, 2021 - (ACN Newswire via SEAPRWire.com) - Alphaus Inc. (https://alphaus.cloud/jp/), a prominent start up in the Cloud Financial Management space in Japan, has made a successful foray into the Singapore market in line with its strategic growth plans. The company will provide its suite of cloud financial management (CFM) solutions to the fast-growing Managed Services Provider (MSP) Cloud Comrade (https://cloudcomrade.com/). The overall value of Alphaus' solutions and support, with the ability for bespoke integrations to the financial services system, were key considerations for Cloud Comrade to switch to Alphaus' products as critical components for its business operations. Andy Waroma and Hajime HiroseSigning Cloud Comrade- the first Singapore-headquartered AWS Premier Consulting Partner that is also a Google Premier Partner and Microsoft Gold Cloud Platform partner- as a client gives Alphaus great impetus in achieving its strategic goals for the Southeast region. Its growing Global Delivery Centre in Kuala Lumpur, established last year, is a testament to the company's commitment to provide dedicated support for the unique needs of a diverse clientele across var...

ACN Newswire
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Travis Pitt Joins Focus Partner Firm Escala Partners, Expanding Escala’s Investment Advisory Team and Increasing its Presence in the Melbourne and Syndey Wealth Markets

indie
4 minutes

NEW YORK, Jul 27, 2021 - (ACN Newswire via SEAPRWire.com) - Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of fiduciary wealth management firms, announced today that Travis Pitt ("Pitt") has joined Melbourne-based Focus partner firm Escala Partners Pty Ltd ("Escala").Travis Pitt has over twenty years of industry experience as a tenured financial adviser providing customized investment and wealth management solutions to ultra-high net worth individuals and families. He is a nationally ranked adviser, having been named to the Barron's list of Australia's Top 100 Financial Advisers in 2021 as well as in prior years. Through this transaction, Escala will further increase its presence in the Melbourne market and add to the depth and breadth of its investment advisory team. By joining Escala, Pitt will gain access to Escala's specialized investment management capabilities and operational infrastructure, continuing his commitment to provide best-in-class services to his clients."We are excited to partner with Travis, whom I have known for many years and respect as an outstanding adviser with a commitment to personalized, high-touch client service," said Pep P...

ACN Newswire
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Tata Communications IZO Financial Cloud: A purpose-built community cloud for banking, financial and fintech enterprises discussed with tech leaders

indie
4 minutes

INDIA, Jul 22, 2021 - (ACN Newswire via SEAPRWire.com) - Today, an established technology such as the cloud is driving global corporate development and expansion. To stay competitive, organisations are investing in both private and numerous public cloud systems.Speaking at the Big BFSI Future Tech Show - India, Sridhar S, Vice President, Managed Services - Cloud, Hosting & Security, Tata Communications Ltd discussed the current landscape of the Indian BFSI sector and how it has got accentuated in this current pandemic situation. He also spoke about the change in way of doing business in the new normal in the BFSI industry, and technology that the banks should implement to create a robust core for the business. In his insightful session, he introduced the audience to the TATA Communications secured platform to host BFSI workloads known as IZO Financial Cloud.In his tech talk, he stated, "AI, ML is being very easily used these days, but the impact that it can create with the newer technology utilization in customer management is immense. It is going to make customer understanding a lot better and it is going to enable banking companies to provide far more focused service to custo...

SeaPRwire

Binance customers unable to withdraw, deposit pounds via UK’s Faster Payments: FT

elean
3 minutes

LONDON (REUTERS) - Customers of cryptocurrency exchange Binance in the United Kingdom have lost access to withdrawing and depositing pounds through a system known as Faster Payments, the Financial Times reported on Monday (June 28). The ability to remove sterling from the platform through Faster Payments had been "suspended for maintenance" the digital asset firm said on its main exchange Binance.com, according to the report. The news came days after Britain's financial regulator Financial Conduct Authority (FCA) banned the cryptocurrency exchange's UK operations. Binance did not immediately respond to a Reuters request for comment, while Faster Payments could not be reached. A growing number of crypto asset firms are abandoning attempts to register with Britain's financial regulator as global scrutiny of the rapidly-growing sector intensifies. Data on registrations shows the number which have been ditched has jumped by a quarter in less than a month, an FCA spokesperson said on Monday, adding that Binance withdrew its application in mid-May, without giving further details. Crypto-related firms have since January had to register with the FCA, which oversees compliance with laws des...

SeaPRwire
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City of London drew fewer foreign investors in 2020, report says

elean
2 minutes

LONDON (BLOOMBERG) - The City of London's dominance of international finance is in large part thanks to its unparalleled success at attracting foreign investors. Last year, Covid-19 and Brexit's endgame saw its advantage over Europe in that sphere shrink to the lowest level this century. Britain secured foreign direct investment (FDI) for 56 financial services projects last year, compared with 99 in 2019, according to an EY survey about Britain's attractiveness to financial services firms. While that still made Britain the most attractive destination in Europe, France was a close second with 49 projects, ahead of Germany's 37. While Britain still secured a fifth of all financial services FDI into Europe, this was down from 26.7 per cent in 2019, the report said. That is the narrowest the lead has been since EY started the survey in 2000. The narrowing gap may fuel anxiety about the city's ability to continue to capture an outsized share of foreign money now that it is unable to offer seamless access to the European Union. The City of London's decades-long role as the hub of European finance has been dented somewhat since Britain voted to leave the bloc. Banks have shifted assets an...