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 i2c, 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.