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Latest Results from /markets

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Compliance professionals split over value of AI

Growing levels of financial crime and regulatory scrutiny are forcing organisations to step up spending on compliance, but they are less sold on AI as the standalone solution, according to a global survey of risk and compliance officers by LSEG Risk Intelligence.

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EToro files for IPO

Israeli multi-asset investment platform eToro has confirmed a filing for an IPO on Wall Street.

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EC proposes 2027 migration to T+1

The European Commission is pushing ahead with a proposed legislative amendment that would see the EU migrate to a T+1 settlement cycle by October 2027.

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Bitpanda gets FCA greenlight for UK expansion

European crypto platform Bitpanda has been granted approval by the Financial Conduct Authority to expand its operations in the UK.

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Big banks pump $26 million into investor communications platform Proxymity

Investor communications platform Proxymity has secured $26 million in financing from existing investors, including BNP Paribas, BNY, Citi, Clearstream, Computershare, JPMorgan and State Street.

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Alabama man pleads guilty to SEC X hack

An Alabama man has pleaded guilty in connection with the January 2024 unauthorized takeover of the US Securities and Exchange Commission (SEC)’s social media account on X to artifically boost bitcoin prices.

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ETFbook raises €4m

ETFbook, a data and analytics platform specialising in the ETF market, has closed a €4 million Series A funding round led by BlackFin Capital Partners.

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Standard Chartered launches AI-powered FX insight videos

Standard Chartered is using AI to create short videos giving its retail customers in Asia the latest foreign exchange insights.

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Temenos sells Multifonds for $400 million

Swiss core banking vendor Temenos has offloaded its asset administration business Multifonds to Montagu Private Equity for $400 million.

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Standard Chartered predicts bitcoin will hit $500,000 in the next three years

Standard Chartered's head of digital assets Geoffrey Kendrick is forecasting that bitcoin could hit a high of $500,000 over the next three years.

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Use of AI in banking to be subject of new inquiry by MPs

The UK Treasury Committee has opened a call for evidence into the potential impacts of the increased use of artificial intelligence in banking, pensions and other financial services.

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London fintech startup Brava launches stablecoin management system

Brava, a London-based startup, has gone live with a set-it-and-fogert-it stablecoin management system for streamlined yield generation.