The Global Telecom Enterprise Services Market study describes how the technology industry is evolving and how major and emerging players in the industry are responding to long term opportunities and short-term challenges they face. One major attraction about Telecom Enterprise Services Industry is its growth rate. Many major technology players […]
services
China’s economy under pressure as factory activity slows in Aug, services contract
Twin PMI surveys point to growing pressure on businesses Surveys suggest economy contracted in Aug – economist High raw material prices, COVID-19 curbs hurt economy Analysts expect more policy support later in year BEIJING, Aug 31 (Reuters) – China’s businesses and the broader economy came under increasing pressure in August […]
Xiaomi doubles down on financial services business; says need regulatory clarity on crypto, Telecom News, ET Telecom
NEW DELHI: Handset maker Xiaomi is doubling down on its financial service business with diversification into a full spectrum lending platform with clear focus on payment, lending and insurance verticals. The business, which started under its internet services business, is now operating as an independent business due to the market […]
Financial Services: Web Application Attacks Grow by 38% In First Half of 2021
During his career in the middle of the last century, professional bank robber Willie Sutton made off with an estimated $2 million in stolen money. Urban legend has it that when a journalist asked Sutton why he robbed banks, he replied, “That’s where the money is.” In later interviews, Sutton […]
Kraft Heinz to utilize Aon investment services for captive
Aon has been appointed to provide its new investment service for captive insurers to the Noble Insurance Company DAC, the Ireland-based captive insurer of food and beverage giant Kraft Heinz. Aon works with Goldman Sachs to deliver the service, which aims to make it simpler for captive insurers to identify […]
Sedgwick makes key appointment for risk services group
Sedgwick has announced the appointment of Rich Wirth as senior vice president of its risk services group. Wirth (pictured above) first joined Sedgwick through its acquisition of York Risk Services Group. In his new role, he will oversee a division that combines Sedgwick’s established risk services group with the team […]
The Securities Arbitration Law Firm of KlaymanToskes Commences Investigation of Potential Claims on Behalf of SUNTRUST INVESTMENT SERVICES CUSTOMERS
MIAMI, Aug. 02, 2021 (GLOBE NEWSWIRE) — National investor fraud law firm, KlaymanToskes (“KT”), has commenced an investigation of potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $250,000 in Northstar Financial Services (Bermuda) (“Northstar”) purchased through Truist Financial Corporation’s (NYSE: TFC) subsidiary, Truist Investment Services (d/b/a […]
Wellington financial services firm FoxPlan censured by Financial Markets Authority for misconduct
123RF The FMA found four of FoxPlan’s representatives wrongly held out to clients that they were an authorised financial adviser or financial planner. Wellington financial services firm FoxPlan has been censured by the Financial Markets Authority (FMA) for a series of breaches. Following a monitoring review in late 2020, the […]
Platforms playing catch-up with the rest of financial services
Across pretty much all areas of financial services artificial intelligence (AI) and machine learning are starting to be recognised as integral components of the client engagement toolkit. With one stand-out exception: platforms. A recent survey by EY and Invesco, ‘Transforming Paradigms: Global AI in Financial Services’, sought the views of […]
UK Regulators Highlight Lack of Diversity in Financial Services
NEW YORK–(BUSINESS WIRE)–Financial services regulators in the United Kingdom (UK) have joined forces to tackle a lack of diversity within the sector. Online assessment provider Questionmark has identified six ways that employers can build diversity and inclusion (D&I) among their workforce. The Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) […]
TikTok bans financial services ads
On its ‘branded content policy’ page, TikTok has added financial services and products to its list of ‘globally prohibited industries’. Photo: Reuters TikTok has added financial services and products including cryptocurrencies and pyramid schemes to the list of promotional content that is banned on its platform. A report in the […]
Snapshot: the regulatory framework for financial services compliance in Luxembourg
Regulatory framework Regulatory authorities What national authorities regulate the provision of financial products and services? National regulatory authorities responsible for supervision of financial products and services are the Luxembourg Ministry of Finance, the Commission de Surveillance du Secteur Financier (CSSF) and Central Bank of Luxembourg (BCL). The Luxembourg Ministry of […]
Canna Business Services Reveals 3 Major Pitfalls In The Cannabis Industry (And How To Avoid Them)
NEW BRUNSWICK, N.J., July 6, 2021 /PRNewswire/ — The cannabis industry is burgeoning! We asked Emily Seelman, Founder and CEO of Canna Business Services, her take on the 3 biggest pitfalls one can fall into in the cannabis industry. Navigating around these common stumbling blocks is crucial to your success […]
Lirium Approved by Financial Market Authority of Liechtenstein to Provide Crypto Services to Banks, Fintechs
Lirium AG has received approval from the Financial Market Authority of Liechtenstein to provide crypto services to banks and other firms, according to a note from the company. Lirium is now certified as a CaaS (Crypto as a Service) provider to offer the following services: Cryptocurrency exchange services – Allows Lirium […]