Hantec Financial, the co-brand of financial entities under Hantec Group, a multinational corporation with over 30 years of financial experience, has officially announced its global expansion into Vietnam. Hantec offers its prestigious financial services to clients across the country, opening the doorway to new global trading opportunities.

Offering diversified global financial services

Hantec Financial offers gold, forex, and CFDs - diversified global financial services. The entry into the Vietnamese markets marks the latest milestone in the company's global expansion. They have already brought its industry-leading platform to investors in 19 cities across 14 countries: UK, Japan, Thailand, Australia, South America, the Middle East, and Africa, with 12 regulatory licenses authorized.

A credible brand with reliable and secure trading

Hantec financial was the first trader in Hong Kong to operate an online bullion-transaction platform that was fully developed in-house. Hantec continuously optimizes its platform by keeping up with changes in the markets and adapt to investor preferences. The team obtains the ISO 27001 and ISO 20000 international certifications. It ensures that Hantec meets the international security level in the power of protecting customer assets and offer a smooth, stable, and safe trading experience for investors.

Strive to deliver professional financial service

As one of the fastest-growing economies in South-East Asia, Vietnam has seen a rising demand for investment products. Hantec Financial has the expertise and the experience to make high-quality marketing investment services accessible to all people in Vietnam. The company will also draw up a highly localized approach by cultivating local teams, integrating local culture into their operations, to adopt the concept of global citizenship.

• 70 underlying stocks with large turnover volume
• Most represented sectors are IT, Banking and Commerce
• Leverage enables participation even in high-priced stocks

Spectrum Markets, the pan-European trading venue for securitised derivatives, is offering investors another trading opportunity using turbos. In addition to indices, foreign exchange and commodities, products linked to selected equities from Europe and the U.S. are now tradable.

"In addition to indices, which account for around 40-45 percent of general trading volume on the main market places in Europe, equity turbos are traded by a good third of market participants via leveraged products”, explains Eren Eraslan, Head of Product Innovation at Spectrum Markets. "This is our response to a growing demand."

At launch, products linked to 70 stocks are available on the platform. These stocks are the most popular from the U.S. and Europe, which currently see high trading volume through securitised derivatives, were selected for this purpose.

"Usually, it is only a small number of stocks that account for about 90 percent of the trading volume," Eraslan continues. "An analysis in the affiliated countries of our pan-European trading platform - including Germany, France, Italy, Spain, Sweden, Finland, Norway, the Netherlands, Ireland and Belgium - clearly indicates as much."

Currently the best represented sectors are IT (19 stocks), bank/finance (11 stocks) and commerce/e-commerce (8 stocks). Stocks include well-known tech favourites like Alphabet, Amazon, and Tesla, alongside longstanding corporations like LVMH Group, The Coca-Cola-Company, Astra Zeneca and Deutsche Bank. Investors will also be able to access niche innovators like plant-based meat substitute maker Beyond Meat, Dutch payments group Adyen, and Chinese electric vehicle company NIO.

Turbo certificates on stocks enable as well equity investors to hedge their positions. Due to the underlying leverage of turbo certificates, it also allows retail investors to invest just a fraction of the stock price to get exposure to the movements in the underlying equity price.

“We have further expanded our range of products with this latest addition. The aim is to successively add a selective number of shares in response to customer demand," says Eraslan.

Chip, the digital savings app, has launched a new marketing-leading saving account offering 0.70% interest, easy access, and Financial Services Compensation Scheme (FSCS) protection, placing the new account at the very top of the savings tables.

The award-winning fintech has negotiated the best easy-access interest rate on the market for its users. Chip’s aim is to build the best savings account in the world and, as part of that mission, fight to bring its users the best rates possible. Unlike traditional savings accounts, Chip actively scours the market and works with private banks to bring exclusive top-table savings rates to its users.

The market-leading rate offered through the new account is not available anywhere else and comes with FSCS protection, where eligible. With interest accruing and compounding daily, Chip users can view the progress directly in their app. As the account is easy access, savers can also withdraw their money whenever they like without penalty.

Chip, which has saved its users over half a billion pounds to date, has partnered with Flagstone, the UK's leading cash deposit platform, to provide access to this market-leading interest rate and combine the savers’ money into a trust account. This means that all Chip savers - regardless of whether they have £5 or £5,000 in their account - can benefit from some of the advantages normally only available to Flagstone clients.

The new market-leading account is powered by Allica Bank, a UK-based business bank working with British small-medium enterprises. To ensure that as many users as possible are able to take advantage of the account, Chip is initially capping total deposits per person at £30,000.

Simon Rabin, CEO of Chip, commented: “I’ll never tire of saying that at Chip, our mission is to build the best savings app in the world. Granted, it’s a hell of a goal, but in the last 12  months alone we crossed the half a billion pound mark for the amount saved for our users, started working with the world's largest asset manager, launched investments, built ChipX and now… we have negotiated the best easy-access interest rate on the market for our savers.”

“We have even more exciting savings accounts on the way”, Simon continued, “and are in fact in the process of negotiating with a few banks right now. We’ll continue on working hard to bring our users the best savings rates and put market-leading returns in the palms of their hands - just as the world’s best savings app should.”

Railsbank, the leading global Embedded Finance platform, has appointed Stuart Gregory as Chief Product Officer. He joins the Railsbank ExCo to lead product, engineering and partnerships, as Railsbank continues to rapidly scale.

Stuart Gregory joins from Wise (formerly TransferWise), where he was managing director of Wise Business and Wise Platform. Over the last five years he built, launched and scaled the business propositions to represent 20% of Wise at their recent £9bn listing. He hired and led the business product and sales teams, as well as supporting other areas including customer support and product risk.

Prior to Wise he was VP Product at Paysafe Group and responsible for all consumer products, representing €100m of revenue. Before that he was VP Head of Visa Checkout Product Development, at Visa Europe, which involved shaping the digital wallet into a product available for member banks in a £150m project. 

Nigel Verdon, co-founder and CEO of Railsbank, said: “It is with great pleasure that we welcome Stuart to the team and he has already made a significant contribution at what is a very exciting time for us. We value his insights, knowledge and experience of scaling a business which will be of benefit to both our customers and the Railsbank team. Railsbank continues to rapidly expand and Stuart will play a leading role in our future ambitions.”

Stuart Gregory added: “Embedded Finance is a huge opportunity. It finally moves us beyond stand-alone financial services, and brings them directly into the context of our relationships with people and brands. I’ve been watching Railsbank closely for a few years, as I think they uniquely have the vision to solve this both globally and in a fundamental way. I’m excited to join and see the next generation of experiences that we’re going to design and enable with our partners!”

Railsbank is headquartered in the UK and has offices in Singapore, the Philippines, Malaysia, Vietnam, Sri Lanka, Australia, the US, Germany and Lithuania. 

TrueLayer, Europe’s leading open banking platform, today announced that Mariko Beising has joined the firm as its new Head of Payment Partnerships, bringing a decade of experience, most recently at Klarna where she led partnerships with Payments Services Providers (PSPs). 

As demand for TrueLayer’s open banking payments continues to grow, Mariko will play a critical role in defining and managing TrueLayer’s partner strategy, reporting into the firm’s Chief Revenue Officer, Max Emilson. A highly experienced commercial manager, with a deep understanding of European ecommerce and payments, Mariko will collaborate with Payments Services Providers (PSPs), as well as with TrueLayer’s clients to understand their emerging payments needs and use cases.

“Open banking is an incredibly exciting space to be in, with enormous opportunities to fundamentally change the way people pay. It is already replacing legacy methods like cards that aren’t fit for the digital age, and will continue to do so – innovations like Variable Recurring Payments for example will likely replace direct debits,” commented Mariko Beising. “TrueLayer is a market leader and innovator, with a reputation for strong product management and engineering. I believe those two elements are the basis for high quality, agile products that make it an ideal fit for global payments partners and their clients. I’m also excited to go back to my roots, working directly with Product teams to accommodate the needs of PSPs and their enterprise merchants into the roadmap.”

Prior to TrueLayer, Mariko was Director of Global Partnerships and Head of PSP Partnerships at payments provider Klarna, where she was responsible for Klarna’s global PSP partners such as Adyen. With a decade of experience in financial services, she also managed sales and payments partnerships at German online bank payment platform SOFORT, prior to its purchase by Klarna in 2014. There she played a significant role in the firm embracing PSD2 and open banking, managing multiple PSP partnerships.

Max Emilson, CRO at TrueLayer, commented: “We’re delighted to welcome Mariko to further accelerate our growth in Europe and beyond. As more merchants look to implement open banking payments at the checkout, PSPs will play an important role in boosting adoption. Mariko has an outstanding track record in building PSP partnerships from her time at Klarna, along with a deep appreciation, and understanding, of open banking. Her experience at the leading edge of ecommerce payments provides invaluable insight into how to build TrueLayer’s strategic partnerships which will deliver innovation to merchants and their customers.”

Financial reg tech pioneers CUBE has announced a new partnership with Sionic, the global consulting firm. The collaboration aims to accelerate regulatory compliance, by combining CUBE’s AI-powered regulatory data inventory with Sionic’s applied expertise in global financial compliance.

Financial institutions worldwide manage multiple, complex regulatory changes, all of which impact different business areas, and geographic regions.  While some aspects are now automated, much remains manual, time-consuming and prone to error.  Even the automated elements are overly complex, sending a myriad of alerts to users who then still need to discern which is relevant to them.

The combination of CUBE & Sionic will ensure that clients have up-to-date regulatory obligations that are relevant to their business, removing the inefficiency of false-positives, that are categorized and mapped to the associated operational controls.

Ben Richmond, Founder and CEO of CUBE says, “Partnering with Sionic represents a key step on CUBE’s journey to transform regulatory data into regulatory intelligence. Our inventory is built on 10 years’ experience and expertise working with regulatory data. Coupling that with Sionic’s deep domain expertise is a compelling combination for financial firms across the globe who are looking to transform their regulatory compliance.”

Robert Cranmer, Managing Partner and Head of Sionic Canada says, “Our clients rely on us to provide insights and solutions that are relevant and timely.  Partnering with CUBE enables us to combine the best of reg tech and AI with our experience of what clients need to do to be compliant with regulations and crucially, how they need to do it. We are delighted that this innovative partnership originated from our Toronto-based team. We believe that accessing CUBE’s inventory will be a powerful accelerant of regulatory intelligence across North America and beyond, offering significant efficiency benefits to our whole international client base.”

• Buy-side FIX connectivity, real-time connection with Bloomberg & New front-end solution

Profile Software, an international financial solutions provider announced today that Centevo, the leading asset management software provider in the Nordics and a Profile Group Company, has presented the enhancements of its flagship platform, Cairo, the flexible portfolio management solution and the front-end solution for clients.

As part of Profile, since March 2021, Centevo now offers readily available integration with Bloomberg via Cairo’s portfolio system using FIX connection. The orders for stocks and ETFs can be initiated directly in the system eliminating manual processes while achieving automation. In detail, once the order is created in Cairo, compliance checks are carried out and the order is automatically sent to Bloomberg and to the market. At market closing, the order is updated, filled and closed. The order can be updated down to commission level and settlement is followed and sent to the bank. After the transaction is completed, a note is sent out from the counterparty. 

The user benefits are numerous from Automated Order Management and pre-order compliance since it saves substantial time and effort to the users and the updates are processed in the background, delivering a seamless experience.

In addition, Centevo has enhanced the End-Client Solution to deliver more functions. The service offers the end customers with a clear overview of their investments, a secure channel to receive encrypted communication and a straightforward platform for fund trading. The latter has been enhanced with a holistic portfolio view, powerful reporting tools and full trading platform. Furthermore, it offers secure login and client communication compliant with GDPR procedures, whilst being used as ‘System as a Service’.

With these new additions the Centevo Suite delivers upgraded services to meet the evolving market needs whilst delivering the functionality to the end customer and professional user to automate their tasks.

‘We are offering these platform services as new value adding solutions for our clients and we already have satisfied pilot clients using the solutions. We are looking forward to offering these to a broader market in the Nordics in the time to come’. Says Robert Eikheim CCO at Centevo.

The applications are continuously being developed and improved with an automated release process, which abbreviates lead times and optimises focus on end results.