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ASIC Intensifies Audit Oversight and Sustainability Reporting Initiatives for FY 2025-26
The Australian Securities and Investments Commission (ASIC) has outlined its strategic focus for financial reporting and audit surveillance for the 2025–26 financial year, aiming to enhance the quality of disclosures and audits among regulated entities. Key areas of focus include revenue recognition, asset valuation, and estimating provisions amidst market volatility. ASIC will expand its audit program, reviewing selected audit files and scrutinizing registrable superannuation entities’ financial reports. Additionally, starting January 2025, large entities must disclose climate-related risks. ASIC will also ensure compliance among grandfathered entities and revise tax residency disclosure obligations beginning July 2024.
Forter Unveils Groundbreaking Beta: Predictive Payment Routing to Revolutionize Transactions
Forter has launched significant upgrades to its Payment Optimisation suite, featuring a beta version of Predictive Payment Routing and a GenAI agent detection tool. These enhancements aim to address evolving consumer behavior and rising fraud tactics in digital commerce. Key features include intelligent authentication, processor recommendations, and network tokenization, all designed to boost authorization rates and reduce costs. The GenAI tool distinguishes between helpful and harmful bots, enhancing transaction security. Forter has also improved fraud detection capabilities and achieved Premier Partner status in Shopify’s Enterprise Technology Partner Program, highlighting its commitment to secure online transactions for major brands.
Unlocking Revenue-Based Financing: YouLend Integration Now Available on myPOS!
myPOS and YouLend have partnered to improve access to capital for small businesses in France through innovative financing solutions. This collaboration aims to streamline the financing process for merchants, allowing them to focus on growth. French merchants can access revenue-based financing directly via the myPOS platform, benefiting from seamless integration, flexible repayment based on card payment revenues, and quick funding approval within 24 hours. Eligibility requires being an active myPOS merchant for at least 12 months. Leaders from both companies expressed excitement about empowering entrepreneurs and plan to expand these financing solutions to additional European markets.
Brookfield Boosts Barclays with £400M Investment to Expand Merchant Payments Business
Barclays has partnered with Brookfield Asset Management to modernize its payment acceptance division, now rebranded as Barclaycard Payments. This collaboration aims to enhance services crucial for processing billions in transactions annually by investing approximately £400 million over three years. Brookfield will leverage its private equity expertise to support operational transformation. The agreement includes performance incentives and allows Brookfield to acquire up to a 70% stake within seven years, contingent on Barclays recovering its investment. The partnership marks Brookfield Financial Infrastructure Partners’ first deal, emphasizing a digital-first approach to improve client offerings and drive long-term growth in the FinTech sector.
Weavr Launches Innovative Embedded Payment Solution in Partnership with Paperchase
Weavr, a UK provider of embedded finance solutions, has partnered with Paperchase, a leader in financial management for hospitality, to launch the Embedded Payment Run (EPR) solution. This innovation aims to streamline Accounts Payable (AP) processes, particularly in fast-paced sectors, by facilitating near-instant transactions and minimizing errors through an integrated system. Research shows strong demand for integrated workflows, with 94% of AP professionals wanting payment processing within existing platforms. Leaders from both companies highlight the partnership’s potential to cut costs and improve efficiency while opening new revenue streams. The EPR solution is poised to revolutionize financial operations across industries.
Unlock New Trading Potential: Interactive Brokers Upgrades IBKR Desktop with Game-Changing Features
Interactive Brokers has launched significant updates to its IBKR Desktop trading platform, enhancing user experience for both novice and experienced traders. Key features include multi-monitor support for improved workflow, the ForecastTrader for speculating on global events, and 24/7 access to over 10,000 US stocks and ETFs for responsive trading. The platform also introduces advanced screening tools and sound-enabled alerts for real-time market updates. These enhancements reflect Interactive Brokers’ commitment to providing a sophisticated trading experience with robust tools and customization options. Steve Sanders emphasized the platform’s design for traders at all experience levels. Further details can be found on their website.