Wealth Management & Trading
Discover how technology is transforming investing, wealth management, and trading. Fintech Review explores digital investment platforms, robo-advisors, trading apps, and innovations making asset management more accessible and efficient.
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Mansfield’s John Burford Jailed for £1M Fintech Fraud
The Financial Conduct Authority (FCA) has successfully prosecuted John Burford of Mansfield, resulting in a two-year prison sentence. The charges revolve around a £1 million investment fraud case. From 2016 to 2021, Burford defrauded over 100 investors through his firm. The FCA is increasingly cracking down on fraud in the fintech sector, showing its dedication…
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FCA Probes LSEG Over Data Centre Rooftop Access Issue
The Financial Conduct Authority (FCA) is currently examining whether the London Stock Exchange Group (LSEG) and the landlord of the LSEG’s data centre building have obstructed competition. The investigation is focused on low latency connectivity services (LLCS) between specific trading venues. In the current situation, only LSEG has the privilege to utilise the rooftop of…
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John Burford Gets Two-Year Sentence for £1m Investment Fraud
In a milestone ruling, John Burford received a two-year jail term for a £1 million investment fraud. The Financial Conduct Authority (FCA) prosecuted the case, the UK’s financial markets watchdog. This significant fraud case involved Burford, a Mansfield resident, who swindled over 100 investors out of £1 million from 2016 to 2021. This case adds…
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FCA Probes LSEG Over Rooftop Access for High-Speed Trading
The Financial Conduct Authority (FCA) is scrutinising the practices of the London Stock Exchange Group (LSEG) and the landlord of the LSE data centre building. The inquiry is centred around competition for low latency connectivity services (LLCS) between certain trading venues. The FCA is seeking views on its proposals to ensure fair access to the…
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FCA Convicts West Brothers in Insider Dealing Case
The Financial Conduct Authority (FCA) recently made a landmark ruling, convicting brothers Matthew and Nikolas West for insider dealing. This conviction led to a substantial £280,000 fine, further cementing the regulator’s commitment to combat financial crimes. British financier Matthew West received a 15-month suspended sentence, along with an order to complete 200 hours of unpaid…
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UK Investor John Burford Jailed for £1m Investment Fraud
British investor John Burford received a two-year prison sentence for a £1 million investment fraud case. The Financial Conduct Authority (FCA), the UK’s financial markets regulator, led the prosecution. Burford, a Mansfield resident, deceived over a hundred investors through his firm from 2016 to 2021. This shocking fraud case resulted from Burford abusing investors’ trust,…
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CoinList Enhances Blockchain Investment and Security
CoinList, a digital assets platform, is ramping up its efforts to link budding blockchain projects with early supporters. In the past month, CoinList rolled out several strategic updates. These aim to boost investments, enhance security, and forge new opportunities for participation in decentralised networks. These enhancements align with CoinList’s mission to bridge the gap between…
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Canadian Credit Unions Take Measured Approach to AI
A new report indicates a contrasting perception of artificial intelligence (AI) by Canadian credit unions and their larger banking counterparts. The global AI and digital transformation firm, GFT, released this study today as Part 2 of the two-part Banking Disruption Index. It reveals a unique AI implementation approach by Canadian credit unions. While large retail…
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NatWest Group Mulls Sale of Fintech Platform Cushon
NatWest Group is reportedly considering selling its controlling stake in fintech platform, Cushon. The bank had earlier invested £144 million to gain an 85% stake in Cushon, a provider of workplace pensions and savings solutions. The potential sale aligns with the bank’s broader strategic shift. To facilitate the sale, NatWest has engaged financial advisors. This…
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SoftBank Vision Fund Cuts Workforce to Focus on AI
SoftBank Vision Fund, a titan in the fintech venture capital field, has revealed plans to cut their workforce by roughly 20%. This move is a significant part of a wider initiative. The primary aim is to divert resources into ventures focused on artificial intelligence (AI). Unsurprisingly, this decision has caused quite a stir within the…
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Finastra Enhances Fusion Invest for Annuity Carriers
Finastra, a London-based financial services software provider, has unveiled new features for its Fusion Invest platform. These enhancements specifically cater to annuity carriers. A standout update is the automation of dynamic hedging for annuity contracts, set to boost transparency and operational efficiency for traders and risk management teams. Fusion Invest, part of Finastra’s all-encompassing suite…
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TradeOgre Crypto Exchange Seized by Canadian Police
TradeOgre, a renowned crypto exchange, recently became a focus for the Royal Canadian Mounted Police (RCMP). The RCMP seized a substantial CDN $56 million from the exchange, following accusations of violating Canadian laws and regulations. TradeOgre, recognized for its crypto exchange services, allegedly neglected Canadian regulations. Specifically, the exchange failed to register with the Financial…
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Anticipatory Banking Marks New Era in Industry
Anticipatory banking is ushering in a new era. This marks a significant departure from the traditional marketing strategies used in the banking industry. For years, banks have relied on mass distribution across various channels. Their ultimate aim? Delivering the right product or service to the right consumer at the right time. This process typically starts…
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EHE Ventures Fuels UK AI Startups with £1.1m Investment
EHE Ventures, a Manchester-based investment firm, recently invested over £1.1m in seven UK-based AI startups. This move showcases their commitment to fostering innovation in the tech sector. They have backed a diverse range of AI applications with potential real-world impact. These investments span various sectors such as health, finance, and agritech. Through this investment, it’s…
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Alinma Bank Invests in Qashio to Boost Saudi Corporate Finance
Alinma Bank has strategically invested in Qashio, a spend management platform. This move targets comprehensive financial solutions for Saudi corporates. Alinma Bank’s decision reflects their dedication to enhance banking solutions using technology. They aim to enrich their services and offer innovative, user-friendly financial tools to customers. Qashio, known for its spend management platform, aligns perfectly…
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August Retail and Food Service Sales Show Encouraging Rise
The Commerce Department recently announced an encouraging rise in retail and food service sales for August. The data shows a 0.6% increase from July, totaling $732 billion in sales. This progress injects a much-needed boost into the retail sector, which is gradually recovering from the pandemic’s economic impact. Over the past few months, the retail…
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Federal Reserve Reports August Rise in Industrial Production
Recently, the Federal Reserve reported a slight 0.1% rise in industrial production for August. Although this figure may seem small, it carries significant implications for the economy. Industrial production is a key economic health indicator. Even a small increase can hint at broader economic recovery or growth. This rise could potentially boost business confidence and…
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Hargreaves Lansdown Data Shows £276m Boost in European Funds
Investors have exhibited renewed interest in European funds in 2025, as revealed by data from Hargreaves Lansdown. The data highlights a significant £276 million swing from outflows in the previous year to robust inflows this year. This change indicates a shifting investor sentiment, with a growing preference towards European funds. Previously, European funds saw a…
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Crypto Leverage Demand Drives Stablecoin Lending Rates
Recent research indicates a minimal impact of the US Federal Reserve’s policy on stablecoin lending rates. Instead, these rates hinge more on the demand for crypto leverage. This represents a significant departure from traditional finance, where central bank policies largely set interest rates. Central banks, such as the US Federal Reserve, typically adjust their policy…