Finance, Banking & Insurance

Amsterdam – October 13, 2026 -- YeePay has been granted an Electronic Money Institution (EMI) license by De Nederlandsche Bank (DNB), the Dutch central bank, giving the cross-border payments provider a second European EMI authorization after its existing UK license.

Dutch license adds to a multi-jurisdiction regulatory portfolio

The Netherlands is a major financial hub within the European Union. YeePay said the approval strengthens its regulatory footprint and supports compliant, localized payment services for businesses operating across international markets, subject to applicable regulatory requirements.

The company's existing licenses and registrations include:

Johannesburg – October 13, 2026 -- Kholo Capital Mezzanine Debt Fund I has provided R275 million (US$17 million) in mezzanine debt to DCC Holdings Proprietary Limited, a South African information and communications technology (ICT) distributor. The funding will refinance DCC's existing debt and support its long-term growth strategy.

Kholo Capital enters DCC's capital structure alongside Kleoss Capital

DCC's shareholders are senior management and private equity investor Kleoss Capital. DCC CEO Carlos Ferreira said the shareholders are introducing Kholo Capital into the group's capital structure. He said DCC has grown steadily by adding key brands and expanding its footprint within established vendor relationships.

Kleoss Managing Partner Hale Matsipa described the deal as a collaboration with a fellow private markets investor and evidence of positive momentum in South Africa's private markets.

CHICAGO – October 13, 2026 -- CME Group has completed initial performance testing for CME Globex in the cloud and reports faster round-trip times for trading, along with an accelerated build of its Aurora Cloud Region and co-location facility.

Aurora facility is ahead of schedule, with client testing targeted for mid-2027

The Aurora facility will host Google Cloud's new specialized platform for trading CME Group markets, which the exchange operator describes as industry-first. CME Group targets mid-2027 for client testing. Its Dallas disaster recovery facility has been open for testing since June 2026.

Livestock markets will migrate from Aurora in late 2027, skipping Dallas

CME Group will move its livestock markets to the cloud out of the Aurora Cloud Region in late 2027. The previously planned interim relocation to Dallas is no longer necessary.

Beijing – October 13, 2026 -- Yiren Digital Ltd. (NYSE: YRD) said its Executive Chairman and CEO, Ning Tang, has been subject to criminal compulsory measures and may be unable to perform his duties for an extended period.

Police notice cites probe into affiliates of controlling shareholder

The Company said it learned of a police notice published on October 13, 2026. The notice states that Tang is subject to the measures in connection with an investigation involving certain affiliates of Yiren Digital's controlling shareholder.

Yiren Digital has received no official notice from the relevant authorities. It said it cannot comment on the nature, status, timeline or potential outcome of the investigation or any related legal proceedings.

Erie – October 13, 2026 -- Erie Indemnity Company (NASDAQ: ERIE) will report third-quarter 2026 financial results after the market close on Thursday, October 29, followed by a pre-recorded audio webcast for the financial community at 10 a.m. Eastern Time on Friday, October 30.

Erie Indemnity splits its earnings release and webcast across two days

The company will publish its results press release on October 29, after trading ends. The webcast follows the next morning, 10 a.m. ET on October 30, so investors will have the figures for roughly a full overnight session before the audio commentary.

Pre-recorded audio will be hosted on the Investor Relations website

The audio will be available on the company's Investor Relations website. Participants who prefer to listen by phone must use a registration link supplied by the company, which provides the access details.

Cairo – October 13, 2026 -- Barbados cut public debt from 104.1% of GDP at end-FY2023/24 to 96% at end-March 2026, backed by a primary fiscal surplus of 4.2% of GDP in FY2025/26, according to a Country Brief released by African Export-Import Bank (Afreximbank).

Growth to slow to 1.9% in 2026 after 5.6% post-pandemic average

GDP growth averaged 5.6% between 2021 and 2026, driven by the rebound in tourism. Afreximbank forecasts expansion of 1.9% in 2026 and 2.3% in 2027. It cites resilient tourism inflows, a strong pipeline of investment projects and targeted government support for households and businesses.

Cary, N.C. – October 13, 2026 -- Chartis Research has named SAS a Category Leader for Operational Risk Analytics, rating the vendor best-in-class or leading in seven capability areas of its integrated governance, resilience and compliance (iGRC) assessment for financial services.

The ranking credits the combination of SAS Governance and Compliance Manager (GCM) and the SAS Viya platform. Chartis cited SAS' analytically consistent, governed coverage across multiple risk domains. The assessment and the update to the RiskTech Quadrant for Operational Risk Analytics appear in the report Integrated Governance, Resilience and Compliance Solutions – Financial Services, 2026: Quadrant Update, published in June 2026.

Chartis rates SAS best-in-class or leading across seven capability areas

Chartis rated the SAS platform on the following criteria:

New York – October 13, 2026 -- B. Riley Securities, Inc. has hired Michael Masiuk, a banker with more than 25 years of experience, as Managing Director in its New York Investment Banking team to expand growth capital, M&A advisory and proprietary deal origination coverage.

Masiuk deepens coverage of sports, media and technology sponsors

Masiuk will cover corporate and financial sponsor clients in the sports, media, and technology sectors. His remit expands the firm's growth and private capital, M&A advisory, and proprietary deal origination capabilities.

His experience spans investment banking, hedge funds, and the entertainment industry. He has originated and executed transactions across public and private capital markets, including growth equity, crossover rounds, and buyouts.

New York – October 13, 2026 -- Raytheon, an RTX business, secured a contract worth up to $6.3 billion for Standard Missile-3 Block IB interceptors, as large-cap indexes closed last week near record levels while the Russell 2000 fell 0.91% to 2,806.98.

S&P 500 closes 0.3% below its 52-week high as Nasdaq adds 0.64%

The S&P 500 gained 1.15% on the week to 7,811.54, just short of its 52-week high of 7,844.52, which it reached as its weekly high. Support sits near 7,793.68. The Nasdaq Composite rose 0.64% to 27,366.17 after hitting a 52-week high of 27,722.75 during the week, with support at 27,288.79.

The Dow Jones Industrial Average climbed 0.93% to 51,654.95, trading between 50,862.85 and 51,765.11. It now sits just above the early June 2026 high of 51,660.40, which acts as near-term resistance.

San Francisco – October 13, 2026 -- PayJoy, which serves more than 20 million customers across nine countries, has acquired select strategic assets of Finia AI, Inc., a venture-backed fintech that built AI underwriting for micro-businesses in Mexico. The announcement did not state a price.

PayJoy to apply Finia's underwriting technology across its global platform

The deal lets PayJoy use Finia's technology and expertise to strengthen its underwriting and widen its product range for customers with limited access to formal credit. PayJoy operates in Latin America, Africa and Asia, offering digitally secured smartphone financing, credit lines and the PayJoy Card. It has financed more than $3.5 billion of loans and employs more than 1,000 people.