SEOUL, April 27 (Korea Bizwire) – The Financial Services Commission (FSC) is set to introduce a simpler authentication process for entering into insurance contracts online, which only involves authentication through SMS or ARS, rather than the current authentication process using public-key-certificates. This change is part of the response to 614 complaints related to financial services in Korea [...]
SEOUL, Apr. 23 (Korea Bizwire) — Korean investors are more likely to expect returns in the early stages of their investments than investors in other countries. According to an online survey conducted by Franklin Templeton Investments on 11,508 investors from 23 countries, 81 percent of the Koreans polled answered that they expect their investments to [...]
NEW YORK, Apr. 21 (Korea Bizwire) — CQG, Inc., a global provider of trade routing, market data, and advanced technical analysis, and Nasdaq today announced that CQG will introduce connectivity to Nasdaq Futures, Inc. (NFX), the exchange group’s U.S.-based designated contract market (DCM). Through NFX, Nasdaq will expand its commodities business with futures and options [...]
NEW YORK, Apr. 21 (Korea Bizwire) — Nasdaq announced that US Bancorp will list a new exchange-traded fund (ETF), The AlphaMark Actively Managed Small Cap ETF (Symbol: SMCP), which will begin trading on The Nasdaq Stock Market today, April 21, 2015. “The AlphaMark Small Cap ETF will provide actively managed small cap exposure driven by [...]
SEOUL, Apr. 16 (Korea Bizwire) — South Korea’s top financial regulator said Thursday that he will relax regulations on bank ownership in order to pave the way for information technology firms to invest in the untouched Internet-only bank sector. Under the current laws, an industrial company is banned from holding more than a 4 percent [...]
NEW YORK and WARSAW, Poland, Apr. 15 (Korea Bizwire) — IRGiT and Nasdaq (Nasdaq:NDAQ) today announced an agreement to upgrade its post-trade platform to Nasdaq’s X-stream Clearing technology. Under the terms of the agreement, IRGiT (Izba Rozliczeniowa Giełd Towarowych S.A.) or the Warsaw Commodity Clearing House, will replace its existing legacy engine (Condico Clearing) with [...]
HONG KONG, CHINA and SINGAPORE, SINGAPORE, Apr. 14 (Korea Bizwire) - Global Banking and Finance Review has announced that BMO Private Bank has won awards for Best Private Bank for Discretionary & Advisory Services in Hong Kong and Best Private Bank for Discretionary & Advisory Services in Singapore for 2015. The Global Banking and Finance [...]
SEOUL, April 9 (Korea Bizwire) — South Korea’s financial regulator said Thursday that Internet-only banks are expected to be launched in South Korea in 2015 as it is working on detailed measures to encourage big name IT firms like Naver and Daum Kakao to invest in the online banking industry. Under the current financial laws, a [...]
SEOUL, April 8 (Korea Bizwire) – South Korea’s top financial regulator said Wednesday it will allow local credit card firms to issue mobile-only credit cards, rather than conventional plastic ones, to clients later this month as part of efforts to improve convenience and speed in electronic transactions. Under the current law, mobile cards have played [...]
NEW YORK, Apr. 8 (Korea Bizwire) — Nasdaq (Nasdaq:NDAQ) and Keefe Bruyette & Woods (KBW), a Stifel company (NYSE:SF), today announced a partnership involving KBW’s industry-leading family of financial indexes. Under the agreement, Nasdaq will assume responsibility for the calculation, dissemination and commercialization of these indexes, and will work closely with KBW to jointly promote [...]