financial services Artex Acquires Frontier Financial Services By bernews.com Published On :: Tue, 12 Sep 2023 18:50:05 +0000 Arthur J. Gallagher & Co. announced that its captive and alternative risk transfer solutions subsidiary, Artex, has acquired Bermuda-based Frontier Financial Services Limited. A spokesperson said, “Frontier is a management firm specializing in consulting, recruitment, business services and immigration services to reinsurance and insurance-linked securities clients in Bermuda. Peter Brodsky, Derek Winch and their team […] Full Article All Business #BermudaBusiness #BusinessMergers
financial services Quantum Motion and Goldman Sachs Identify Quantum Applications in Financial Services Project By www.hpcwire.com Published On :: Fri, 01 Nov 2024 14:31:05 +0000 LONDON, Nov. 1, 2024 — Quantum Motion, a UK-based quantum computing scale-up founded by Professor John Morton, University College London (UCL), and Professor Simon Benjamin, University of Oxford, has worked […] The post Quantum Motion and Goldman Sachs Identify Quantum Applications in Financial Services Project appeared first on HPCwire. Full Article
financial services News24 Business | MONEY CLINIC | I want to invest. What questions should I ask the financial services provider? By www.news24.com Published On :: Saturday Nov 26 2022 05:00:25 The South African Association of Treasury Advisors highlights the importance of dealing only with an authorised financial services provider when making any investment. Full Article
financial services News24 Business | EXPLAINER | How to spot a fake financial services company By www.news24.com Published On :: Saturday Oct 19 2024 14:54:38 If you are uncertain whether you are dealing with a scammer, use these checklists to see your potential risk profile, and warning signs of possible scams. Full Article
financial services UK top destination for financial services FDI in Europe By master-7rqtwti-2nwxk3tn3ebiq.eu-2.platformsh.site Published On :: Wed, 18 Sep 2019 15:15:49 +0100 Over the past three years, the UK has led Europe for financial services FDI, with the US as top investor. Emma McCoy reports. Full Article
financial services Tax-News.com: EU Kick-starts Review Of Financial Services VAT Rules By www.tax-news.com Published On :: Mon, 15 Feb 2021 00:00:00 GMT On February 8, 2021, the European Commission launched a consultation on a review of the VAT rules for financial and insurance services. Full Article
financial services Davinder Kaur Juneja vs Hdb Financial Services Ltd on 11 November, 2024 By indiankanoon.org Published On :: 1. This is an criminal appeal under section 341 Cr.PC preferred by the appellant/ applicant against the impugned order dated 31.01.2020 passed by Court of Chief Metropolitan Magistrate SED/Saket Court, New Delhi whereby the application of appellant/applicant moved u/s 340 Cr.P.C. r/w Section 195(1)(b) Cr.P.C. was dismissed. GROUNDS OF APPEAL 2. The grounds cited by the appellant against the impugned order are as under : A. Because the Ld. Trial Court duly appreciated the fact that the Respondent Bank concealed the fact regarding the Appellant being in possession of the said property, and yet, in utter disregard of the prejudice caused to the Appellant due to such concealment, regarded the same as being non violative of the principles of natural justice. Full Article
financial services Cognizant reports 22% profit jump in Q3, bolstered by health sciences and financial services growth By www.thehindubusinessline.com Published On :: Thu, 31 Oct 2024 07:54:08 +0530 Revenue also increased by 3% year-on-year, totalling $5 billion Full Article Info-tech
financial services Max Financial Services Ltd - Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011 By www.thehindubusinessline.com Published On :: Mon, 05 Aug 2019 17:33:31 +0530 Full Article Disclosures
financial services HDFC Bank unit HDB Financial Services files with SEBI for ₹12,500 crore IPO By www.thehindu.com Published On :: Thu, 31 Oct 2024 18:18:43 +0530 The Public Offer Includes a reservation of Equity Shares for subscription by Eligible Employees and a reservation Equity Shares of Face Value of ₹10 each for subscription by eligible HDFC Bank shareholders Full Article Industry
financial services Visagar Financial Services Ltd. - Board Meeting Intimation for Unaudited Financial Results For Quarter Ended On 30Th June, 2019 By www.thehindubusinessline.com Published On :: Tue, 06 Aug 2019 18:12:07 +0530 Full Article Results
financial services Williamson Financial Services Ltd. - Cancellation of Board Meeting By www.thehindubusinessline.com Published On :: Wed, 07 Aug 2019 10:39:52 +0530 Full Article Others
financial services Il&Fs Financial Services Ltd - Compliances-Reg. 51 (1), (2) - Price Sensitive information / disclosure of event / Information By www.thehindubusinessline.com Published On :: Wed, 07 Aug 2019 10:52:14 +0530 Full Article Others
financial services Mukesh Babu Financial Services Ltd. - Update on board meeting By www.thehindubusinessline.com Published On :: Wed, 07 Aug 2019 11:37:12 +0530 Full Article Others
financial services Cindrella Financial Services Ltd. - Fixes Book Closure for AGM By www.thehindubusinessline.com Published On :: Wed, 07 Aug 2019 11:58:39 +0530 Full Article Others
financial services Financial services, gaming strategies to keep Paytm relevant in current times, says CEO By www.dealstreetasia.com Published On :: Wed, 15 Apr 2020 00:51:08 +0000 Paytm plans to double down on existing categories like payments, content and gaming and push usage in Tier 3 and 4 geographies. The post Financial services, gaming strategies to keep Paytm relevant in current times, says CEO appeared first on DealStreetAsia. Full Article Paytm
financial services Few HDB Financial Services employees take to social media after being laid off By www.thehindubusinessline.com Published On :: Sun, 10 May 2020 22:00:08 +0530 HDFC Bank says “minuscule” number of employees told to leave as part of annual appraisal process Full Article Money & Banking
financial services SEC Charges Former Financial Services Executive With FCPA Violations By www.sec.gov Published On :: Mon, 13 Apr 2020 16:25:00 -0400 The Securities and Exchange Commission today charged a former executive of a financial services company with orchestrating a bribery scheme to help a client to win a government contract to build and operate an electrical power plant in the Republic of… Full Article
financial services Digitizing financial services key to Africa's post-pandemic growth, experts say By www.upi.com Published On :: Thu, 07 May 2020 16:18:10 -0400 As the COVID-19 pandemic begins to take root in Africa, experts say that digitizing financial services could help keep the continent safe Full Article
financial services UK top destination for financial services FDI in Europe By www.fdiintelligence.com Published On :: Wed, 18 Sep 2019 14:15:49 +0000 Over the past three years, the UK has led Europe for financial services FDI, with the US as top investor. Emma McCoy reports. Full Article
financial services Financial Services Authority fines By www.eversheds.com Published On :: 2008-01-23 The Financial Services Authority (FSA) has fined Toronto Dominion Bank £490,000 for systems and controls failings in relation to one of its trading books. The fine arose from a failure to supervise a trader within the firm who had been recordi... Full Article
financial services Review to influence future of the Financial Services Authority policy By www.eversheds.com Published On :: 2008-04-25 The cornerstone of the Financial Services Authority (FSA) policy in the mortgage industry is the Mortgage Effectiveness Review (the Review). The first stage of the Review was published in 2006 and concentrated on disclosure, advice and selling pract... Full Article
financial services Developing purposeful cultures in the financial services sector By www.eversheds.com Published On :: 2020-03-10 The FCA recently published a discussion paper on transforming culture in financial services. The paper is a collection of short essays by industry leaders, professional bodies and culture experts and is aimed at helping firms to develop and emb... Full Article
financial services Financial Services (Duty of Care) Bill By www.eversheds.com Published On :: 2020-01-21 Introduction For many years the FCA has considered whether to apply an overarching standard of care that should be applied to authorised firms. In July 2018 they concluded that there was not “a sufficient basis for making changes to primary l... Full Article
financial services Coronavirus - Guidance for Financial Services - the UK By www.eversheds.com Published On :: 2020-03-04 The FCA has today published a statement for financial services firms with guidance setting out its expectations for effectively responding to the Covid-19 outbreak. Consistent with existing regulatory requirements, the FCA expects all firms to have ... Full Article
financial services Eversheds Harry Elias Enhances Banking and Financial Services Practice with First Lateral Partner Hire since merger By www.eversheds.com Published On :: 2019-06-06 The Singapore office of global legal practice Eversheds Sutherland today announced the appointment of Gerard Ng as a partner in the Banking and Financial Services Practice group. With over 20 years of experience, Gerard is a specialist in len... Full Article
financial services Coronavirus - Dealing with the financial services regulatory challenges - Ireland By www.eversheds.com Published On :: 2020-03-20 ... Full Article
financial services Coronavirus - Immediate considerations for financial services clients in response to the COVID-19 pandemic By www.eversheds.com Published On :: 2020-03-20 Communications need to be clear and timely Constantly review and maintain your customer communications content and strategy. There is a regulatory expectation that firms will ensure consumers are adequately protected during severe disruption.&... Full Article
financial services Financial Services COVID-19 Training Menu By www.eversheds.com Published On :: 2020-03-25 Novel coronavirus (“COVID19”) has created significant challenges for the financial services sector. As trusted adviser to many of the world’s largest banks, insurers, asset managers, fintechs and other market participants we are he... Full Article
financial services Coronavirus Force majeure in financial services Sweden By www.eversheds.com Published On :: 2020-03-27 In the wake of COVID-19, force majeure can be invoked to obtain relief under certain contracts. In this briefing, we discuss if it is a good idea and certain considerations borrowers and financial services customers should make. The impact of... Full Article
financial services Legal considerations for the financial services sector in adopting artificial intelligence By www.eversheds.com Published On :: 2020-03-31 Legal liability for financial institutions and financial services firms when using artificial intelligence and machine learning Recent advances in the development of artificial intelligence (AI), coupled with the availability of sufficient computing... Full Article
financial services Coronavirus - UK Governments economic assistance packages and their availability to financial services businesses - UK By www.eversheds.com Published On :: 2020-04-07 Background The ongoing coronavirus/COVID-19 pandemic has quickly developed into a deep economic crisis of the like never experienced before. Many businesses, including those in the financial services sector, are facing a prolonged period of disrupti... Full Article
financial services Coronavirus - Financial Services in a post COVID world - Video series By www.eversheds.com Published On :: 2020-05-06 We are producing a series of videos in which some of our leading practices discuss the principal issues and opportunities in financial services as the COVID crisis abates, and we start moving into a new form of business as usual. Some of thes... Full Article
financial services Coronavirus - Financial Services COVID-19 Sector Focus By www.eversheds.com Published On :: 2020-05-06 In this period of market uncertainty, financial services firms globally are facing a number of challenges and questions. We have created a selection of recent articles, webinars, podcasts and short videos published by Eversheds Sutherland to he... Full Article
financial services Coronavirus - Webinar Financial services post-COVID19: Trends in disputes and enforcement - UK By www.eversheds.com Published On :: 2020-05-06 Listen as our panel answer some of the most common questions on post-COVID19 litigation trends - this was presented in conjunction with Ankura. A recording of the session can be listened to here. In this session we explored: a review of the economi... Full Article
financial services Former Employee of Financial Services Company Pleads Guilty for Role in Bid-rigging and Fraud Conspiracies Involving Proceeds of Municipal Bonds By www.justice.gov Published On :: Wed, 19 May 2010 13:48:43 EDT A former employee of a financial services company pleaded guilty today for his participation in bid-rigging and fraud conspiracies related to contracts for the investment of municipal bond proceeds and other related municipal finance contracts, the Department of Justice announced. Full Article OPA Press Releases
financial services Three Former Financial Services Executives Indicted for Roles in Fraud Schemes and Conspiracies Involving Investment Contracts for the Proceeds of Municipal Bonds By www.justice.gov Published On :: Tue, 27 Jul 2010 15:54:34 EDT Three former financial services executives were indicted today for their participation in fraud schemes and conspiracies related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts. Full Article OPA Press Releases
financial services Three Former Financial Services Executives Indicted for Fraudulent Conduct Affecting Contracts Related to Municipal Bonds By www.justice.gov Published On :: Thu, 9 Dec 2010 15:07:46 EST Three former executives of a financial services company were indicted today for their participation in fraud schemes and conspiracies related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts. Full Article OPA Press Releases
financial services Three Former Financial Services Executives Convicted for Roles in Conspiracies Involving Investment Contracts for the Proceeds of Municipal Bonds By www.justice.gov Published On :: Fri, 11 May 2012 18:04:56 EDT A federal jury in New York City today convicted three former financial services executives for their participation in conspiracies related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts Full Article OPA Press Releases
financial services Former Financial Services Executive Indicted for His Participation in a Far-Reaching Conspiracy and Scheme to Defraud Involving Investment Contracts for the Proceeds of Municipal Bonds By www.justice.gov Published On :: Fri, 20 Jul 2012 12:36:23 EDT A former financial services executive was indicted yesterday for his participation in a far-reaching conspiracy and scheme to defraud related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts. Full Article OPA Press Releases
financial services Three Former Financial Services Executives Sentenced to Serve Time in Prison for Roles in Conspiracies Involving Investment Contracts for the Proceeds of Municipal Bonds By www.justice.gov Published On :: Thu, 18 Oct 2012 14:44:33 EDT Three former financial services executives were sentenced today in U.S. District Court for the Southern District of New York, for their participation in conspiracies related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts. Full Article OPA Press Releases
financial services Former Financial Services Broker Sentenced to Serve 18 Months in Prison for Role in Conspiracies Involving Investment Contracts for the Proceeds of Municipal Bonds By www.justice.gov Published On :: Thu, 3 Jan 2013 13:27:57 EST A former financial services broker was sentenced today in U.S. District Court for the Southern District of New York, for his participation in conspiracies related to bidding for contracts for the investment of municipal bond proceeds and other municipal finance contracts. Full Article OPA Press Releases
financial services Acting Assistant Attorney General Mythili Raman Testifies Before the U.S. House Financial Services Subcommittee on Oversight and Investigations By www.justice.gov Published On :: Wed, 22 May 2013 12:06:35 EDT The Justice Department is committed to vigorously investigating allegations of wrongdoing at financial institutions and, along with our many law enforcement partners, holding individuals and corporations to account for their conduct. Full Article Speech
financial services Mobile financial services are making headway in WAEMU By webfeeds.brookings.edu Published On :: Tue, 14 Jun 2016 11:49:00 -0400 Electronic money, or e-money, emerged in the countries of the West African Economic and Monetary Union (WAEMU) following the adoption, in 2006, of a Central Bank Instruction establishing a flexible regulatory framework aimed at encouraging e-money business. The activity expanded in 2009 with the involvement of telecommunications operators in the provision of mobile telephone-based financial services, which increased the number of users and the volume of transactions. A growing business At the end of September 2015, 22 million people, or nearly a quarter of the people in the union, subscribed to financial services via mobile phone. Approximately 30 percent of those subscribers carried out at least one transaction per 90-day period. Some 500 million transactions took place over the first nine months of 2015. The cumulative value of the transactions was 5 trillion CFA francs ($8.5 billion) by the end of September 2015, a growth of 142 percent from September 2014. Between September 2013 and September 2014, this value grew from CFA 1 trillion to CFA 2.068 trillion, an increase of 107 percent. The mobile phone financial services distribution network followed a similar upward trend, rising from 93,621 points of services in 2014 to more than 132,658 at the end of September 2015. Figure 1. Trends in the value of transactions The socioeconomic environment in the union goes a long way to explaining the success of mobile telephone payment services. Indeed, this method of providing money transfer or payment services is particularly well suited to people who lack access to the mainstream banking system, and also affords non-bank institutions the opportunity to offer users non-cash money against cash deposits, which can then be used for a variety of financial transactions. The growing involvement of telecommunications operators The market is increasingly dominated by partnerships between banks and telecommunications operators, which represented 25 of the 33 licensed or authorized e-money issuers at the end of December 2015. In the framework of this model, known as the bank model, the bank has responsibility for issuing the e-money. The other seven non-bank institutions, under the non-bank model, are authorized to issue electronic money as “Electronic Money Institutions” (EMIs) [1]. In WAEMU, e-money issuers are supported by a regulatory framework that was revised in 2015 to ensure increased security and quality of payment services backed by electronic money. Figure 2. E-money issuers in WAEMU Note: DFS denotes microfinance institutions. A revised regulatory framework With the expansion of mobile phone financial services and the growing involvement of telecommunications operators, the Central Bank has revised its regulatory framework with the aim of enhancing the security and quality of payment services backed by electronic money. The most salient improvements must focus on: Increasing issuer accountability by clarifying users’ roles in partnerships with technical service providers. With this goal in mind, the activities of technical service providers have been restricted to technical processing or the distribution of e-money under the responsibility of the issuer. In addition, issuers are responsible for the integrity, reliability, security, confidentiality, and traceability of all transactions carried out by all of their distributors; Stimulating competition through transparent pricing with an obligation for issuers to publish their rates; Specific requirements in terms of governance and internal and external audits for electronic money institutions, standards of integrity on the part of the management, professional secrecy and regular infrastructure audits; Increased protection for bearers of electronic money, including keeping funds in dedicated accounts, requiring a constant equivalence between the amount of e-money and the balances in the dedicated accounts, and mandatory creation of a mechanism to take in and deal with complaints by bearers of electronic money; Reinforcement of the supervisory mechanism by reducing deadlines for reporting on issuers’ activities to the Central Bank and adopting sanctions for violations of regulatory provisions. Provision of mobile-phone-based financial services Mobile-phone-based financial services provided in WAEMU include three categories of services, namely services involving the use of cash (banknotes and coins), e-money services, and so-called “second generation” services. The first type of service essentially involves deposits of cash or refilling of electronic wallets, as well as withdrawals. This type of service represents 24 percent of user transactions. Cash deposits predominate; they allow customers to provision their electronic money accounts. Seventy-six percent of the funds deposited into e-money accounts are used, above all, for purchases of telephone credit, payment of bills, person-to-person money transfers, and money transfers from individuals to businesses and from individuals to government agencies. The main payment services found in WAEMU pertain to payment of water or electricity bills, payment of satellite television subscriptions, and purchases of goods in supermarkets or fuel at service stations. Payments of taxes or income taxes to government agencies and payments of micro-loan installments are also made through mobile phone financial services, but are much less common. So-called “second generation” services, namely micro-insurance, micro-savings, and micro-credit, are currently emerging in WAEMU. Their development could be an opportunity to provide access to the banking system for the users of the services. Finally, interoperability is just beginning to be implemented based on bilateral agreements between stakeholders, particularly with a view to offering cross-border payment services between member states of the union. Challenges A review of the development of mobile phone financial services in WAEMU reveals some obstacles to the rapid development of this type of financial service within WAEMU. They include: a low number of active users, due to the high cost of the services; the fact that the services are not well known due to inadequate financial education; the low rate of digitization of government agencies’ payment systems; and insufficient partnerships between bank and non-bank issuers with a view to developing a more inclusive range of “second-generation” services. In collaboration with all stakeholders, the Central Bank has developed a financial inclusion strategy to continuously improve, access to and use of diverse, tailored and affordable financial services. The implementation of these actions as described in the Central Bank of West African States (BCEAO) financial inclusion strategy should support the challenges mentioned above. Read in French » [1] EMI: any legal entity, other than a bank, financial payment institution, or decentralized financial system, that is authorized to issue payment instruments in the form of electronic money and whose business activities are restricted to electronic money issuing and distribution. Authors Tiémoko Meyliet Koné Full Article
financial services Aditya Birla Sun Life Banking and Financial Services Fund - Regular Plan - Growth By portal.amfiindia.com Published On :: Fri, 08 May 2020 00:00:00 Category Equity Scheme - Sectoral/ Thematic NAV 19.04 Repurchase Price Sale Price Date 08-May-2020 Full Article
financial services Aditya Birla Sun Life Banking and Financial Services Fund - Regular Plan - Dividend By portal.amfiindia.com Published On :: Fri, 08 May 2020 00:00:00 Category Equity Scheme - Sectoral/ Thematic NAV 10.29 Repurchase Price Sale Price Date 08-May-2020 Full Article
financial services Aditya Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth By portal.amfiindia.com Published On :: Fri, 08 May 2020 00:00:00 Category Equity Scheme - Sectoral/ Thematic NAV 20.28 Repurchase Price Sale Price Date 08-May-2020 Full Article
financial services Aditya Birla Sun Life Banking and Financial Services Fund - Direct Plan - Dividend By portal.amfiindia.com Published On :: Fri, 08 May 2020 00:00:00 Category Equity Scheme - Sectoral/ Thematic NAV 13.22 Repurchase Price Sale Price Date 08-May-2020 Full Article
financial services Invesco India Financial Services Fund - Retail Growth By portal.amfiindia.com Published On :: Fri, 08 May 2020 00:00:00 Category Equity Scheme - Sectoral/ Thematic NAV 42.76 Repurchase Price Sale Price Date 08-May-2020 Full Article
financial services Invesco India Financial Services Fund - Retail Dividend By portal.amfiindia.com Published On :: Fri, 08 May 2020 00:00:00 Category Equity Scheme - Sectoral/ Thematic NAV 21.81 Repurchase Price Sale Price Date 08-May-2020 Full Article
