The Trading Pit (TTP) is proud to announce that it has secured €10 million in its latest round of growth funding. The high-growth prop trading fintech has secured capital to accelerate its growth initiatives with a mission to become the global leader in online prop trading.

A comparative picture of national FinTech regulation in the countries of Southeast Asia is based on the sum of 13 criteria based on the public information - availability in the country of special FinTech laws & acts, sandboxes, government initiatives, etc. (full list of criteria is described below).  Singapore remains the undisputed leader in Southeast Asia’s FinTech regulation. The Philippines, Malaysia, Thailand and Indonesia are making swift progress.

Kneip, a leader in fund data management and reporting solutions for the asset management industry, announces that Cetrel Securities, a subsidiary of Worldline Group, a leader in financial data and regulatory reporting services, becomes its sole filing partner as the companies expand their collaboration to enhance AIFMD filing in Luxembourg.

Global Processing Services (“GPS”), a leading global payments technology platform, today announced the appointment of Sharyn Wilson as Chief People Officer.

In this newly created role, Sharyn is responsible for leading GPS’s global HR organisation, including Talent Strategy, Recruitment, Culture, Learning and Development, Compensation and Benefits. Sharyn joins GPS’ executive management team and is based in London.

Wylth®, a cutting-edge technology platform, has recently been launched as India’s first Independent Multi-Asset platform for Independent Financial Advisors (IFAs). It offers a comprehensive digital platform with a vision to revolutionize the Financial Products Distribution business.

Monneo, a complete end-to-end payment ecosystem provider, has announced the launch of its new central London office. In opening the office, the company has taken an important next step in its overarching global expansion plan.    

Global private market exchange ADDX has raised approximately US$20 million in fresh capital from new and existing shareholders. KB Securities, a subsidiary of Korea’s largest banking group KB Financial Group (KBFG), led this latest investment, which was part of an upsized Pre-Series B round. The round kicked off in May 2022, when ADDX announced a US$58 million fundraising involving new shareholders Stock Exchange of Thailand (SET), Hamilton Lane and UOB.

Wintrust Financial Corporation (“Wintrust”) and Rothschild & Co announced they have entered into an agreement for Wintrust to acquire two asset management businesses from Rothschild & Co North America Inc. Wintrust’s subsidiary, Great Lakes Advisors, LLC, agreed to purchase Rothschild & Co Asset Management US Inc.

Compliance Systems, the financial industry’s leading provider of digital and dynamic compliance documentation, announced today the release of the industry’s first document solution for treasury management services, Simplicity Treasury Management. This cloud-based solution helps financial institutions streamline their treasury management operations and delivers highly configurable, cost-effective compliant content from a proven technology partner. 

The European Commission has voted to adopt the Digital Operational Resilience Act (DORA), in response to a spate of widespread system outages and cyber threats in the financial services sector, the regulation will bring all EU states into line when it comes to operational resilience.