UBS appoints Daniele Magazzeni as Chief AI Officer
UBS today announced the appointment of Daniele Magazzeni as Chief Artificial Intelligence Officer. Mr. Magazzeni brings deep knowledge of AI research as well as expertise in effectively developing and scaling impactful AI solutions. He joins UBS from JP Morgan, where he served as Chief Analytics Officer for both EMEA and the Commercial and Investment Bank, […]
FIS will launch the Smart Basket
FIS (NYSE:FIS) today announced Smart Basket, a soon-to-be-released solution designed to leverage a real-time, item-level rating engine and transaction gateway to transform the checkout experience. Smart Basket aims to unlock value and convenience by analyzing an individual’s shopping behavior to proactively apply optimal rewards and payment methods at checkout, making it easier for consumers to […]
UBS opens new advisory office in Abu Dhabi
UBS today announced the opening of its Advisory Office in Abu Dhabi. Located at ADGM, it is the second presence in the United Arab Emirates (UAE). This step marks a major milestone in UBS’s long-term commitment to the Middle East and its clients across the region. The new office, established through a branch of UBS […]
Italy’s CONSOB blocks three crypto sites that clone politicians’ faces and voices
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blocking of access to three crypto websites that cloned the faces and voices of well-known politicians. Consob ordered the blocking of three websites that used scam ads to promote initiatives by entities not authorized to provide investment and crypto services, capitalizing on the reputation of leading […]
Alpha Group, Corpay secures regulatory approvals for proposed deal
Alpha Group International plc (LON:ALPH) has today provided an update on the progress of its proposed acquisition by Corpay Inc. Alpha and Corpay announced that they have received approval from the FCA, the MFSA and the Italian FDI Authority. While the completion of the Acquisition is subject to the satisfaction (or, if waivable, the waiver) […]
The SEC is after the married couple behind Inventis Ventures
The Securities and Exchange Commission (SEC) filed a lawsuit against Linh Thuy Le and her husband, Trong Hoang Luu. The SEC’s complaint, seen by FX News Group, was filed in the Central District Court of California on October 15, 2025. The civil enforcement action concerns a bid fraud perpetrated primarily against members of the Vietnamese […]
Nasdaq Unveils Improvements to Market Oversight Platform
Nasdaq, Inc. (NASDAQ:NDAQ) today unveiled a series of enhancements to its market surveillance platform, having completed a pilot program that successfully incorporated advanced AI functions at every stage of a market abuse investigation. The platform is used by financial institutions worldwide, including 50 exchanges and 20 international regulators, providing advanced capabilities to investigate suspicious activity […]
IG Group closes sale of Small Exchange to Payward
Online trading major IG Group Holdings plc (LON:IGG) announced today that it has completed the sale of Small Exchange Inc to Payward Inc, the parent company of crypto exchange Kraken. The transaction values Small Exchange at $100.0m (£74.9m), with the consideration comprising $32.5m (£24.3m) in cash and $67.5m (£50.6m) in Payward shares. The sale results […]
Hantec Markets Hits Record Trading Volume of $725.5 Billion in Q3 2025
Retail FX and CFDs broker Hantec Markets reported its strongest quarter on record in Q3 2025, recording notable growth in trading volumes, new account applications and active clients following recent senior appointments, product launches and strategic orientations. According to the company’s reported trading metrics, total notional trading volume in Q3 2025 reached approximately $725.5 billion […]
Quantum funding: FCA is right to highlight opportunities but blind spots for risk remain
The following is an editorial addition to Aditya Singh, head of product and strategy at the online broker Infinox. Having read the recent FCA research note In the quantum computing application to financial services, my dominant route was that this is a timely and useful map where the quantum calculation could cross the industry and […]