News Nuggets | 27 June: TradingView Integrates FYERS; Crypto.com Opens Innovation Lab
American Express’
CFO Campbell Retires; Insider Named Successor
American Express
announced that its Vice Chairman and Chief Financial Officer, Jeffery C.
Campbell, would step down on August 14, 2023. He would be replaced by the
current Deputy Chief Financial Officer, Christophe Le Caillec.
However, Campbell
will remain Vice Chairman at the financial services company until March 2024.
Before joining American Express, Campbell served as CFO of McKesson and
American Airlines.
He is credited with
formulating and implementing the company’s growth strategy since assuming his
role as CFO in 2013.
FYERS Broker Links with
TradingView
Bengaluru-based
fintech startup, FYERS is now integrated with TradingView, providing an
increased range of trading options to their growing customer base. FYERS,
founded in 2015, is a significant player in India’s stock market, partnered
with several major Indian exchanges. Now, for the first time on TradingView,
users will be able to trade stocks, futures, commodities, and mutual funds on NSE,
MCX, and BSE.
This new
partnership is set to enhance the trading experience for more than 450,000
FYERS customers, offering trading across all major Indian exchanges. Users can connect
their FYERS account to TradingView via the trading panel.
“The
broker launched the FYERS App 2.0, allowing to place orders in less than 50
milliseconds,” TradingView commented in a statement. “This dedication
to technological development and customer care made FYERS a perfect match to
become a TradingView partner! Empowering new-age traders and promoting prepared
trading is what moves this integration.”
HSBC Shifts to Smaller
London Office
HSBC is
shifting its base from its 45-floor Canary Wharf Tower to a smaller office in
central London. The move exemplifies the global trend of office downsizing
impacting commercial real estate markets. The bank announced its intention to
leave its current east London premises, relocating approximately 8,000
employees to a redeveloped office complex near St Paul’s Cathedral.
This move
represents one of the most significant visual indicators of the changing
landscape of office work. The move to a smaller and centrally located office
aligns with the shift toward more flexible working arrangements in a
post-pandemic work environment.
Crypto.com Announces Global Innovation Lab in Singapore
Crypto.com, a cryptocurrency exchange, is launching its first-ever global innovation lab in Singapore, focusing on blockchain technology, Web3, and artificial intelligence (AI). The company announced that this lab would actively explore frontier technologies and participate in new ventures with strategic partners and hackathons.
The innovation lab is set to accelerate the growth of the emerging digital asset industry and contribute to Singapore’s Web3 and fintech talent pool. Crypto.com plans to assemble a team dedicated entirely to the lab as an immediate next step, indicating a commitment to fostering technological advancements.
“As an immediate next step, Crypto.com will build a new team fully dedicated to the lab, with additional roles to be established in the future,” the exchange commented.
Goldman Sachs Adds Tom
Montag
Goldman
Sachs Group Inc. plans to appoint Tom Montag, a notable alum and ally of the CEO, David Solomon, to its Board. The decision comes amid a period of publicly
aired internal discontent within the firm. The Goldman Sachs veteran, who later
rose to a high-ranking position at Bank of America Corp. after leaving Goldman Sachs 15 years ago, is being brought back into the fold.
The Board
decided to tap Montag at a meeting in India, likely as part of an effort to
leverage his experience and influence to address the firm’s issues. Montag’s
return to Goldman Sachs signifies a strategic move to stabilize the firm amidst the
ongoing turmoil.
i2c Inc. Names Jacqueline
White as President
Digital
banking and payment solutions provider, i2c Inc., has appointed Jacqueline
White as the President to accelerate the growth of the company’s global sales
and partnerships. White, a seasoned executive with extensive leadership
experience in consulting services and enterprise software organizations, will
report directly to the Founder and CEO, Amir Wain.
Before
joining , White served as the President of the Americas region for Temenos.
She also held positions at software giants like Oracle and SAP and with large
System Integration Partners, such as Accenture and DXC.
“I am
thrilled to be joining i2c during this key period of growth and innovation in
the industry,” White stated.
dxFeed Collaborates with
API3
A market data
provider, dxFeed is joining forces with API3’s managed dAPI service to provide
real-time market data directly to smart contracts. This partnership offers a
decentralized oracle solution by facilitating first-party architecture access
to reliable data directly from the source. Thereby, it is removing the need for
intermediaries.
dxFeed aims
to secure its position in the DeFi market through this collaboration. Utilizing
API3’s innovative technology, dxFeed’s real-time datasets, including asset
portfolios, volatility, and more, can now be integrated into decentralized
finance.
“We’ve
partnered with dxFeed for a while now and are excited to welcome dxFeed to API3’s
managed dAPI service,” Giovanni Lesna, the Head of Enterprise and
Partnerships at API3, mentioned. “By leveraging dxFeed’s data suite, API3
can provide its users with access to high-quality and reliable data, which is
crucial for various decentralized applications and services in the Web3
ecosystem.”
UBS to Announce Management
Changes
Following
the recent acquisition of its former competitor Credit Suisse, UBS is preparing for
a series of management changes.
In the
upcoming 20 days, UBS plans to announce its third management level, clarifying
the roles of approximately 1,200-1,500 people. The CEO of UBS expressed
confidence in providing more details about the integration by the end of the summer.
UBS has
postponed its second-quarter results until late August to accommodate these
changes. Furthermore, the CEO expects to provide additional clarity on the
future of Credit Suisse’s domestic business by the end of summer as well.
APRA Imposes Sanctions on Medibank
The
Australian Prudential and Regulation Authority (APRA) has announced punitive
measures against Medibank Private in the wake of a significant cyber incident
that occurred in October 2022. Following a detailed examination of the
incident, APRA is imposing an increase of $250 million in Medibank’s capital
adequacy requirement. This decision reflects the vulnerabilities discovered in
Medibank’s information security infrastructure during the incident.
This
capital adjustment will come into effect from 1 July. This measure will remain
in effect until Medibank completes a satisfactory remediation program.
Furthermore, APRA plans to conduct a targeted review of Medibank’s technology
with an emphasis on governance and risk culture to prevent such incidents in
the future.
This article was written by Damian Chmiel at www.financemagnates.com.