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IntellectEU is pleased to announce that payLOCATOR, an innovative payment tracking solution enabling direct access to payment information for bank's clients and their counterparties, has recently received a SWIFT gpi for Corporates label.
Within the current cross-border payments landscape there is a lack of transparency and increased time and operating costs devoted to payment investigation, dispute resolution, and supply chain uncertainties.
21Shares, the Swiss pioneering Crypto ETP issuer, today announced that one of the first cryptocurrency exchange traded products (‘ETPs’) will become available to institutional investors in the UK to trade on Aquis Exchange. This arrangement is in partnership with GHCO, a leading market-maker and liquidity provider specialising in ETFs.
While in the past few years there has been considerable investment and disruption in merchant acquiring, with the emergence of winners such as Stripe and Adyen, the role of the technology providers behind the cardholder side of the payments equation – otherwise known as issuer processors – has been largely overlooked, despite enabling many of the most innovative and valuable fintechs today.
Wellington Management is one of the largest global asset managers offering investment solutions spanning across the global equity, fixed income, multi-asset and alternatives.
The latest addition to Fineco's investment platform follows a string of recent fund announcements made this year including AXA IM, Candriam and Ninety One.
Commenting on sterling and UK equity markets’ muted reaction to UK GDP, Mike Owens, Global Sales Trader at Saxo Markets, said: “Although UK GDP registered strong growth, the numbers are nothing to shout about considering where we’ve come from. As expected, the biggest contributions were consumer services that had previously been hampered by Covid-19 restrictions. Industrial production fell 1.3% Month-on-Month against an expected 1.2% gain although this will hopefully only be temporary.
Pound Rallies, Euro Flat, AUD, NZD, EMS, Stocks Climb
Commenting on UK GDP data for April, Rupert Thompson, Chief Investment Officer at Kingswood, said: “UK GDP posted a large gain in April for the second month running, growing 2.3% m/m in line with expectations. This left GDP up a massive 27.6% up from its low point last April but still down 3.7% on its pre-pandemic level in February 2020. Today’s data confirm a rapid recovery in the UK is well underway and will fuel hopes that the economy will in a few months’ time have recovered all of its pandemic-related losses.”
