The integration enables MoneyGram customers in Europe to connect and authenticate their bank accounts through Plaid’s open banking technology.  The firms said this provides a faster, seamless and secure way to fund international payments, supporting MoneyGram’s ambition to build what it calls a “borderless financial world.” “The international expansion of our partnership with Plaid reflects our commitment to save customers time, effort and money by continuously improving their experience,” said Anthony Soohoo, Chief Executive Officer at MoneyGram.  ”We’re working with Plaid to build faster, more powerful tools that make cross-border money movement simple and reliable for everyone.” The move strengthens MoneyGram’s global footprint, which already spans more than 200 countries and territories, around 500,000 retail locations and more than five billion digital touchpoints.  Security is said to remain central to the initiative. MoneyGram highlighted Plaid’s safeguards and its compliance and consumer protection systems, which aim to ensure sensitive information is kept safe throughout the payment process. Brian Dammeir, Head of Payments and Financial Management at Plaid, said: “When it comes to payments, Europeans want to move money across the continent and beyond quickly and friction-free. MoneyGram provides increasingly in-demand experiences, powered by Plaid’s Pay by Bank.” The post MoneyGram and Plaid Expand Open Banking Partnership to Europe appeared first on LeapRate.

The deal was formalised at the Sibos conference in Frankfurt, underscoring its strategic importance. As one of the world’s leading providers of post-trade services, Clearstream faces growing transaction volumes and operational complexity.  The company said the extended partnership with Vyntra reflects its commitment to next-generation technology as it seeks to maintain its reputation for reliability and client service. Vyntra, formed from the merger of Intix and NetGuardians, provides financial institutions with real-time intelligence across the transaction lifecycle.  Its platform delivers end-to-end visibility, turning historical and live data into actionable insights while supporting compliance and financial crime prevention across fast-moving payment channels. Through the agreement, Vyntra will supply Clearstream with advanced telemetry and business activity monitoring, enabling real-time oversight of multiple transaction flows.  Features such as anomaly detection and dynamic alerting will help mitigate risks before they impact clients, the firms said. “This agreement with Clearstream demonstrates our shared focus for excellence in transaction observability and client experience,” said Vyntra CEO Joël Winteregg. “With real-time visibility and intelligent monitoring, Vyntra gives institutions like Clearstream the confidence to manage complex transaction flows while enhancing customer trust.” Clearstream COO Berthold Kracke added: “Our expanded partnership with Vyntra underscores our commitment to operational excellence. It equips us with advanced tools and insights to navigate the growing complexities of the post-trade landscape and ensure a seamless and resilient customer experience.” The post Clearstream Extends Vyntra Partnership to Boost Transaction Transparency appeared first on LeapRate.

According to a Letter of Acceptance, Waiver, and Consent published by FINRA, the failings spanned from December 2019 to the present and involved breaches of FINRA Rules 3110 and 2010.  The regulator explained Velocity’s written supervisory procedures did not provide sufficient guidance on how to assess alerts for spoofing, layering, wash trades, cross trades and prearranged trading, nor did they outline when to escalate concerns. FINRA noted that Velocity’s automated surveillance system generated nearly 150,000 alerts between December 2019 and June 2023, but the firm closed most without reasonable review.  In one case, more than 10,000 alerts for prearranged trading were generated over a two-month period in 2022–23 but were never reviewed.  FINRA added that the compliance department, which at times relied on a single employee, often closed hundreds or even thousands of alerts in a single day without further investigation. Since mid-2023, the firm’s new surveillance system has generated around 15.2 million alerts, the vast majority of which were also closed without investigation, with over 5.2 million still unreviewed by early 2025. As part of the settlement, Velocity must appoint an independent consultant to conduct a comprehensive review of its supervisory policies and systems, and implement recommendations to strengthen oversight. Furthermore, FINRA stated that $81,056 of the fine will be paid to them, with the remainder allocated to various exchanges. Velocity neither admitted nor denied the findings but accepted the sanctions. The post FINRA Fines Velocity Clearing $1m Over Supervisory Failures appeared first on LeapRate.

The move enables clients to use LCH’s Portfolio Margining Service, providing portfolio margin benefits across futures positions on FMX and interest rate swaps (IRS) portfolios on LCH. The first client accessed the service on 22 September. By consolidating margining across futures and swaps, the initiative is said to be designed to reduce counterparty risk and deliver significant capital savings. Marex has a history of pioneering access to LCH services. In July 2024, it became the first non-bank to offer client clearing of IRS on LCH, broadening liquidity and diversifying counterparty risk.  The firm has also been closely involved in supporting FMX Futures Exchange since its launch last year, having cleared the first-ever FMX trade in September 2024 and the first U.S. Treasury delivery earlier this month. FMX launched SOFR futures in 2024 and has since expanded into U.S. Treasury contracts. LCH, meanwhile, is one of the world’s largest clearing houses for interest rate swaps and is fully approved as a CFTC Derivatives Clearing Organization. Terry Hollingsworth, Marex’s Global Head of Futures & OTC Clearing Sales, said: “The launch of margining benefits between LCH and FMX marks a significant step in bringing greater diversification to the US Treasury futures market. “With this service, LCH, FMX and Marex are not only delivering capital savings to clients but building a stronger and more resilient futures market.” The post Marex Becomes First Clearing Firm to Offer Margin Benefits via FMX and LCH appeared first on LeapRate.

The company said members can now build their own direct index from more than 100 indices provided by Solactive and S&P, including the S&P 500 and sector-specific benchmarks such as technology and healthcare.  Public explained that, unlike investing in ETFs, direct indexing allows investors to own individual shares within an index, opening the door to tailored portfolio construction and automated tax-loss harvesting. Traditionally reserved for high-net-worth individuals, direct indexing has become more accessible as minimum investment requirements have fallen.  Public has set the entry point at $1,000, with an annual management fee of 0.19% per index.  The company said the offering enables investors to adjust weightings, exclude or include specific companies, and design personalised exposure to chosen market segments. Leif Abraham, co-CEO and co-founder of Public, said: “Sophisticated investors want control over their portfolios. Our new direct indexing product not only gives people the widest range of indices but also total control over what companies they want to be invested in, and which not.  “Essentially giving people the opportunity to turn indices like the S&P 500 into their own personalised S&P index.” The company said the product is now available to all Public members via iOS, Android and web platforms. The post Public Unveils Fully Customisable Direct Indexing appeared first on LeapRate.

The corporate payments firm, listed on the New York Stock Exchange, said the move marks a key milestone for its cross-border business and enhances its ability to serve both domestic and international clients operating in GBP.  Pay.UK’s chief operating officer, David Morris, explained that FPS, operated by Pay.UK, provides fast, secure and low-cost transfers and has become central to the UK’s retail payments landscape since its launch in 2008. By integrating with FPS, Corpay customers are now expected to benefit from near-instant transfers for inbound and outbound payments, as well as dedicated account numbers linked to Corpay’s sort code, which is connected to both FPS and the CHAPS system.  The firm said the step also strengthens its Multi-Currency Account offering, enabling clients to manage and move funds across currencies more efficiently. Tim Watson, chief product and digital innovation officer at Corpay Cross-Border Solutions, said: “Today’s clients expect immediacy, not just in how they shop or communicate, but in how they move money. By joining the Faster Payments network, we are meeting that demand with a modernised GBP payment experience that is fast, seamless, and aligned with the real-time expectations of global businesses.” Morris added that FPS already processes billions of pounds in real-time payments daily. He stated that Corpay’s participation highlights the system’s role in meeting the evolving needs of businesses and consumers. The post Corpay Joins UK Faster Payments Service to Boost Real-Time GBP Transactions appeared first on LeapRate.

World-Check Verify aims to help financial institutions meet the demands of the fast-moving digital economy, where instant payments, embedded finance and stricter regulations are reshaping compliance requirements, according to LSEG.  The new API is said to offer real-time screening against LSEG’s trusted World-Check data without slowing transactions or customer onboarding. David Wilson, group head of LSEG Risk Intelligence, said: “World-Check Verify makes compliance invisible — with timely, trusted data ensuring screening happens in the background, at the precise moment it’s needed, so payments and onboarding remain instant and seamless.  “It sets a new standard for embedded compliance in a world where speed, trust, and accuracy must coexist.” The company explained that the solution is designed to scale rapidly, with low latency and strong privacy safeguards, making it suitable for digital platforms, neobanks and institutions managing high volumes of cross-border transactions.  By using AWS’s infrastructure, the service offers resilience, flexibility and secure handling of data, while enabling advanced configuration to align with firms’ policies. Alison Kay, vice-president and managing director of AWS UK and Ireland, said the service “scales instantly to meet demand spikes, reduces infrastructure overhead, and leverages advanced analytics to transform the manual workload burden that 77% of institutions struggle with into an automated, efficient workflow.” The launch follows LSEG’s 2025 Global Risk Intelligence Survey, which found that 98% of institutions now view real-time data as critical to compliance. The post LSEG Launches Cloud-Native Compliance Tool with AWS appeared first on LeapRate.

The collaboration is said to enable the publication of 41 selected real-time data points from Deutsche Börse’s trading venues, including Xetra, Eurex, 360T and Tradegate.  Covering a range of asset classes such as equities, derivatives and foreign exchange, the information will now be accessible to more than 2,400 blockchain-based applications via Chainlink’s DataLink service. By providing trusted, high-quality data onchain, the initiative is expected to support financial institutions and developers in building regulated digital financial products on the same information used in traditional markets. “Partnering with Chainlink to publish Deutsche Börse Group’s trusted market data onchain for the first time marks a major milestone in connecting traditional and blockchain-based financial markets,” said Alireza Dorfard, managing director and head of Market Data + Services at Deutsche Börse Group. “By making our data from Xetra, Eurex, 360T and Tradegate accessible onchain through the Chainlink data standard, we are empowering global financial institutions to build the next generation of regulated financial products on the same high-quality data that underpins today’s markets.” The move forms part of Deutsche Börse’s wider digital assets strategy, which integrates trading, settlement, and custody through its businesses, including 360T, Crypto Finance, Clearstream, and DBAG, offering regulated solutions to both institutional clients and crypto-native firms. The post Deutsche Börse Partners with Chainlink to Bring Market Data Onchain appeared first on LeapRate.

The company explained that the new platform delivers live, broker-sourced pricing from PVM and ICAP, with TP data to follow later this month, making Parameta the only provider to aggregate information from three of the world’s largest oil brokers. Furthermore, the firm said the service addresses a long-standing challenge in OTC oil trading, where limited visibility and fragmented data have hindered efficiency.  By offering structured, real-time pricing, Parameta aims to help traders, risk managers and developers build smarter models, enhance trading platforms and make faster decisions. “In fast-moving markets, real-time data isn’t a luxury, it’s a necessity,” said Silvina Aldeco-Martinez, chief executive of Parameta Solutions. “We built this service to help clients move faster and make better decisions—powered by real-time, broker-sourced data, all in one place.” Andrew Polydor, chairman of energy and commodities at TP ICAP, added: “This launch marks a major step forward in bringing greater transparency to the OTC oil markets—something the industry has long needed.” The service provides mid-prices across the oil barrel, spanning crude, light ends, middle distillates, fuel oil and LPG, sourced from more than 100 brokers across desks in London, Singapore and Dubai.  Data is delivered through multiple channels, including WebSocket, SURFIX and Marketfeed, and is also integrated into TP ICAP’s Fusion Insights platform, offering users visualisation tools and market intelligence in real time. The post Parameta Solutions Unveils Real-Time OTC Oil Data Service appeared first on LeapRate.

The company believes the launch marks a significant step in its strategy to embed artificial intelligence across enterprise payment workflows. Built on the open Model Context Protocol (MCP), the company said the Integration Agent simplifies one of the most complex elements of payment systems: technical integration.  The firm added that by converting Nuvei’s technical documentation into a standardised format interpretable by large language models, the agent reduces manual effort and error rates.  Nuvei noted that according to early adopters, integration times have been cut to hours, errors reduced by up to 40%, and complex issues resolved in under 30 minutes. Furthermore, they said that non-technical users have been able to generate working integration code. The company feels the new tool will help enterprises go live faster, enabling them to process transactions sooner, optimise approval rates, and reduce costs, thereby unlocking millions in potential incremental revenue. Phil Fayer, chair and chief executive of Nuvei, said: “AI is transforming payments by removing complexity and accelerating growth for businesses.”  “The Integration Agent is one of several initiatives at Nuvei as we move towards full agentic commerce that are enabling enterprises to connect, optimise, and innovate across the payments lifecycle in new ways.” The post Nuvei Launches AI-Powered Integration Agent to Speed Up Client Onboarding appeared first on LeapRate.

The deal, subject to approval from the Financial Conduct Authority, will see Bastion’s team, strategies and expertise fully integrated into CoinShares’ platform. The Jersey-headquartered group, which manages around $10 billion in assets, said the move aligns with its strategy to create a one-stop shop for digital asset management.  By combining exchange-traded products with actively managed funds, CoinShares aims to offer investors a comprehensive suite of digital asset investment options. Jean-Marie Mognetti, chief executive and co-founder of CoinShares, said the acquisition “perfectly aligns” with the company’s long-term vision.  He said: “Having worked closely with Bastion over the course of the last year, we have experienced firsthand the performance of their strategies and witnessed their expertise in systematic digital asset investing. Bastion’s institutional-grade approach and proven track record in quantitative alpha generation significantly enhances our ability to serve sophisticated investors.” Bastion focuses on quantitative alpha strategies for digital assets. Its chief investment officer, Fred Desobry, and chief executive and co-founder, Philip Scott, will join CoinShares following completion.  Scott said: “Over the last three years we have built a strong market neutral strategy and a broad and growing range of investors. This acquisition will enable us to further scale our investor base and accelerate the build out of our innovative alternative programme.” CoinShares added that the deal would also support its U.S. expansion, enabling the development of actively managed funds under its registered Investment Advisor status. The post CoinShares to Acquire Bastion Asset Management in Digital Assets Push appeared first on LeapRate.

The move marks a significant step in the development of the UK’s crypto market and paves the way for the trading platform to broaden its services. IG launched crypto trading in June through a partnership with FCA-registered firm Uphold.  With its own licence now in place, the company said it will soon allow customers to transfer crypto assets in and out of its platform, expand the number of available tokens, and deliver more accurate pricing. Existing crypto clients will be migrated to the IG platform in the coming weeks without needing to take any action.  The firm said the integration would give investors greater flexibility while maintaining the convenience of managing multiple asset classes, including stocks, indices, ETFs, FX, commodities and derivatives, in one place. Michael Healy, UK managing director at IG, called the development “a significant step forward” for the firm.  He said: “The FCA licence not only enables us to provide a wider range of crypto services, but it also gives our customers greater flexibility and control. We’re excited to bring more than five decades of market experience to help shape the future of the UK’s rapidly growing crypto sector.” Healy added that IG looked forward to working closely with the regulator as it continues to expand its offering. The post IG Secures FCA Cryptoasset Licence, Becoming First UK-Listed Firm on Register appeared first on LeapRate.

The collaboration will allow the firms’ clients to trade derivatives across both traditional venues, such as the Chicago Mercantile Exchange (CME) and digital asset-native exchanges.  The initiative will also provide select non-U.S. clients with efficient cross-margining, enabling capital deployed across multiple exchanges to be managed more effectively. The offering covers futures and options (F&O) clearing and execution, aiming to address the rising institutional demand for trading in liquid digital asset markets.  Matt Long, General Manager for APAC and the Middle East at FalconX, said: “We are delighted to partner with Marex to expand our digital asset derivatives offering.”  “This strategic relationship will allow our clients to access greater pools of liquidity and achieve greater capital efficiency by cross-margining capital deployed across a broad range of exchanges.” Terry Hollingsworth, Global Head of Futures & OTC Clearing Sales at Marex, added: “Our collaboration with FalconX underscores our commitment to value-add trading services that provide margin relief and broad market access.”  “This partnership will enable us to deliver world-class trading and financing solutions to institutional clients, as well as allowing us to access new clients through FalconX.” The post FalconX and Marex Partner to Expand Digital Asset Derivatives Access appeared first on LeapRate.

The new platform aims to unify a fragmented European ETF market. It combines listing, trading, clearing and settlement under a single infrastructure, promising efficiency gains, lower costs and greater transparency. ETF issuers will now be able to list once and access all Euronext markets, reducing regulatory duplication and speeding time-to-market.  Investors, particularly retail participants, are expected to benefit from deeper liquidity, improved price discovery and broader access to products at more competitive rates. The initiative forms part of Euronext’s Innovate for Growth 2027 plan and aligns with the European Commission’s ambitions for a Savings and Investments Union.  A consolidated order book on the Optiq trading platform will pool liquidity across jurisdictions, while post-trade services will be streamlined through Euronext Clearing and Euronext Securities. Major issuers and brokers, representing over 90% of European ETF assets, are backing the launch, including Amundi, BlackRock, BNP Paribas Asset Management, HSBC, Invesco, State Street, Vanguard and WisdomTree. Anthony Attia, Euronext’s global head of derivatives and post-trade, said the initiative was “a strategic leap forward in building a truly unified and competitive European capital market.” The post Euronext Launches First Fully Integrated European ETF Marketplace appeared first on LeapRate.

The product delivers for the first time detailed insights into repo, bond and money market activity settled through Austraclear, ASX’s settlement system and central securities depository for the wholesale debt market.  Austraclear services more than 1,000 participants and holds over A$3 trillion in securities, settling on average A$80 billion in transactions daily through its real-time connection to the Reserve Bank of Australia’s Real-Time Gross Settlement system. ASX said the launch reflected the growing demand for high-quality datasets to help market participants identify trends, assess risk and uncover opportunities in debt markets. The new product is said to be based on real-time source data from Austraclear, offering issuers, investors and intermediaries unique visibility into Australia’s debt market activity. The exchange added that the product suite is designed with flexibility in mind, enabling subscribers to tailor their access to private, public, or combined datasets depending on their requirements. Jamie Crank, Group Executive for Technology and Data at ASX, said: “The launch of the Austraclear Debt Market Activity product marks a significant step forward in supporting our customers with unparalleled insights and data that helps in making informed, data-driven investment decisions.” He added that ASX remained focused on “driving innovative solutions that significantly improve the transparency and insights available to our customers” in navigating Australia’s debt markets. The post ASX Launches New Debt Market Data Product appeared first on LeapRate.

DTCC said it plans to make a similar filing with the Securities and Exchange Commission (SEC) in the near future. Subject to regulatory approval, the firms intend to roll out the expanded service by December 2025. The proposed changes would allow eligible end user clients with positions at CME Group and at the Government Securities Division (GSD) of DTCC’s Fixed Income Clearing Corporation (FICC) to benefit from cross-margining when trading U.S. Treasury securities and CME Group interest rate futures with offsetting risk exposures. CME Group described the initiative as a step towards greater efficiency for institutional investors.  The firm noted that, under the arrangement, clients could elect to have eligible positions at both clearinghouses held in a cross-margining account and margined on the basis of the combined risk of those positions. To participate, end users will be required to use the same dually registered Futures Commission Merchant (with the CFTC) and broker-dealer (with the SEC) across both clearinghouses. CME Group and DTCC said the expansion builds on their existing collaboration, which is designed to reduce collateral demands and free up capital for market participants. The post CME Group Seeks Approval to Expand Cross-Margining for End Users appeared first on LeapRate.

The move is said to combine Citi’s blockchain-based token platform with its established clearing network, allowing near-instant initiation and settlement of transactions across Citi and non-Citi accounts.  According to the bank, the service is designed to reduce payment delays, optimise liquidity management, and provide “unprecedented control and flexibility” for corporate and financial institution clients. Debopama Sen, Head of Payments, Services at Citi, said the development was driven by the demands of a global economy that operates continuously.  “Global commerce doesn’t take weekends off and neither should payments. Leveraging our digital proprietary global network, we’re enabling 24/7, near instant cross-border payments … helping corporates and financial institutions move millions of dollars in a matter of seconds,” she commented. The new integration builds on Citi’s 24/7 USD Clearing network, which already supports more than 250 banks in over 40 markets. The bank said clients can now transfer funds to suppliers and third parties at any time, with further geographic expansion planned. Stephen Randall, Head of Liquidity Management Services at Citi, added: “This industry-first integration significantly reduces friction in payments and liquidity, offering unprecedented control and flexibility.” The post Citi Integrates Token Services with 24/7 USD Clearing to Boost Cross-Border Payments appeared first on LeapRate.

The company said the platform is designed to “empower smarter collateral decisions” by helping clients unlock residual capacity, reduce over-collateralisation, and make faster, data-backed choices. CollateralNext provides a consolidated view of collateral activity, allowing users to monitor contract evolution, assess asset usage, and benchmark performance against anonymised market data.  Clearstream said this integrated approach enhances both strategic and operational oversight. The suite consists of three tools. The company explained that Collateral Mapper offers a single dashboard to visualise collateral positions, contracts, and eligibility rules, with automated end-of-day updates to support timely decision-making.  Meanwhile, Collateral Insights delivers strategic analytics to track flows, evaluate asset deployment, and generate tailored reports for operational and regulatory needs.  Collateral Benchmarking is said to enable clients to measure performance against anonymised peer data, highlighting optimisation opportunities and aligning strategies with market standards. Key benefits of the service include centralised data for holistic oversight, customised reporting to meet regulatory requirements, enhanced transparency, and improved decision-making across a broad range of counterparties and asset classes. Clearstream stated that CollateralNext reflects the growing demand for more precise and agile tools in collateral management.  The post Clearstream Unveils CollateralNext to Enhance Collateral Management appeared first on LeapRate.

Thomas is set to join the company shortly after Kevin Gillespie, another long-time industry figure, was announced as part of the GCEX team last month. The pair, who have worked together at Hotspot FX, Menai Financial Group and Laser Digital, will focus on driving sales growth and identifying new product opportunities in line with client demand. Thomas most recently worked in FICC Sales and Distribution at Laser Digital and previously led institutional FX and digital asset sales at Menai Financial Group.  His career includes five years as director of FX sales for EMEA at CBOE Global Markets and nearly two decades in senior roles at Hotspot FX. He began his career at Saxo Bank, rising to co-head of international FX sales. Lars Holst, founder and CEO of GCEX, commented: “Steve and I worked together at Saxo and have remained in close contact ever since. He has generated significant revenue for the firms he has previously worked for, and is widely respected in our industry.” “I am confident that with Steve and Kevin spearheading our UK/EMEA sales and business development, we will be able to accelerate our growth and unlock new opportunities.” Thomas said he was excited to join GCEX, highlighting the firm’s “strong regulatory coverage, broad FX and crypto product range, and commitment to innovation.” The post GCEX Expands UK/EMEA Sales Team with Industry Veteran appeared first on LeapRate.

Visa said the hub, unveiled after a successful pilot, is expected to deliver a smarter and more integrated experience, underpinned by next-generation artificial intelligence.  It offers a consolidated ecosystem for managing payables, embedded payments and data insights, aiming to replace fragmented systems with a unified, intelligent solution. The company explained that for users, the VCS Hub provides end-to-end payables capabilities, enabling invoice and supplier payments alongside flexible ad hoc transactions.  It is also said to support embedded payments, with seamless integration into accounting and enterprise resource planning (ERP) systems, helping businesses manage payments securely and efficiently. Visa added that the platform would continue to expand, with AI-powered enhancements including automated accounts payable workflows, predictive cash flow optimisation, real-time analytics, and personalised recommendations.  The company believes this will help issuers and fintechs unlock new revenue streams and deliver differentiated services to their clients. “Visa is not just modernising commercial payments, we’re reinventing them,” said Gloria Colgan, senior vice president and global head of product, Visa Commercial Solutions. “With GenAI at the heart of the VCS Hub, we’re giving our partners the tools to amaze their clients, unlock new revenue streams and shape the future of money movement.” Visa is inviting issuers and fintechs to engage with the platform, positioning the launch as part of its broader push to redefine the landscape of business payments worldwide. The post Visa Launches AI-Powered VCS Hub to Transform Commercial Payments appeared first on LeapRate.