FCA Gears Up to Boost Whistleblower Confidence
The UK’s Financial Conduct Authority (FCA) is taking steps to improve the confidence of whistleblowers, primarily by enhancing interaction. The regulator will provide more details to whistleblowers on steps taken based on the shared information.
The financial watchdog will improve the use of whistleblowers’ information and improve ways of capturing the information.
“We need the intelligence whistleblowers provide to identify and act on problems in the firms we regulate,” said Therese Chambers, the Executive Director of Enforcement and Market Oversight at the FCA.
“We want to make sure we’re capturing and using the information provided by whistleblowers as effectively as possible, and to give them as much information as the law allows on how we have acted on their concerns.”
Equinix’s Q1 Revenue Jumps 15%
Equinix, Inc. (Nasdaq: EQIX), which provides digital infrastructure in the financial services industry, reported revenue of $2 billion for the first quarter of 2023. The figure came in 15 percent higher year-over-year and 7 percent greater than the previous quarter.
The company ended the three months with a net income of $259 million, which doubled quarter-over-quarter. EBITDA at $944 million was 13 percent higher than the previous quarter, with an adjusted margin of 47 percent.
Following the first quarter’s results, Equinix is now eying to end 2023 with revenue between $8.175 billion and $8.275 billion, which is an increase of 13 to 14 percent over the previous year. In addition, it aims for an EBITDA between $3.635 billion and $3.715 billion.
“We had a strong start to the year… as our outlook remains positive with the overall demand for digital transformation fueling our conviction around the long-term secular drivers of our business,” said Charles Meyers, the President and CEO at Equinix.
Consob Flags 4 More Illegal Trading Platforms
Consob, the financial market regulator in Italy, has added four additional names to its elaborated list of illegal financial services platforms offering services in the country.
The recently added names are:
- IKON CFD
- BTC Capital Group
- Trezocapital
- EZ2GO Ltd
Access to these platforms will be blocked at the internet provider level. The latest addition has taken the total number of websites blocked out since July 2019 to 886.
Iress Taps Kaiko for Digital Assets Data
Iress has partnered with Kaiko to deliver cryptocurrency market data to institutional clients. The data service is available in Iress’s FeedOS format, enabling clients to integrate them into existing workflows.
“At Iress we continually talk to clients about their evolving data needs. We constantly monitor the market for additional capabilities we can add to our offering, giving clients the very best information possible to guide their trading decisions,” said Salloum AbouSaleh, Iress’ Managing Director for Americas.
“In Kaiko we have found the perfect best-in-class partner to help us add to the universe of data we provide. Kaiko’s high-quality data also crucially covers a wealth of historical data, making it extremely valuable to clients.”
CryptoOrange Adds Paysafe as Payments Partner
The cryptocurrency exchange, CryptoOrange announced its partnership with the payments platform, Paysafe to enhance deposit and withdrawal methods for international users.
Paysafe also facilitates the payments infrastructure for several other major crypto exchanges, including Binance. Recently, the company expanded its reach in Latin America with the acquisition of two local payments companies.
“Providing our customers with a seamless payment experience is absolutely central to our success,” said Dejan Jurša, the Founder of CryptoOrange. “By partnering with Paysafe, through one contact and connection, we can offer the widest range of payment options to our customers, provide a smoother payment process, and expand more easily into new territories.”
OKX Ventures Backs AlienSwap
OKX Ventures, the investment arm of crypto exchange OKX, has invested an unknown sum in the community-based NFT marketplace and aggregator AlienSwap. The investment came two months after the beta launch of AlienSwap.
The NFT platform will use the proceeds to scale its growth and aims to become one of the top NFT marketplaces. Currently, with more than $50 million in trading volume, AlienSwap ranks third in daily active users and fifth in daily trading volume on the Ethereum network.
“The new investments will be used to expand the AlienSwap engineering team, develop innovative liquidity tools and trading products for NFTs, and increase investment in NFT infrastructure to enhance the community’s trading experience,” said Ying Mu, the Founder of AlienSwap.
Thanks to all the friends who support us, this is a new beginning.👽🫡Let’s explore the NFT eco together, build @AlienSwap_NFT, and don’t stop working hard until reaching the top ⛰️ https://t.co/FJDlWqLnX4
— BitYingMu👽 (@bityingmu) May 4, 2023
This article was written by Finance Magnates Staff at www.financemagnates.com.
