The cooperation allows Cornerstone to issue Mastercard co-branded commercial cards.
After the announcement, the company's shares reached a two-year high on the LSE.
Bloomberg
The London-based
financial services company Cornerstone FS plc announced today that it has
signed an agreement with Mastercard to launch a new corporate card product.
Under the
terms of the deal, Cornerstone will be able to issue commercial credit and
debit cards co-branded with Mastercard for its business customers. The company
expects to roll out the new corporate card offering in the third quarter of
2024.
Cornerstone Partners with Mastercard
The
partnership represents a move by Cornerstone to expand the payment options it
provides to customers. The company aims to enhance its capabilities by
establishing relationships with leading financial services providers like
Mastercard.
"We
are thrilled to have entered this long-term agreement with Mastercard, which
will expand our product offer to include commercial cards," said the CEO of Cornerstone, James Hickman. "This additional payment rail will provide
our customers with greater choice and flexibility in managing their business
expenses."
Hickman added
the corporate card scheme is a key step towards Cornerstone's goal of enabling
its clients to "pay in or pay out, in any currency, via any payment method
anywhere in the world."
The company
statement did not provide further financial or operational details about the
partnership. Cornerstone FS plc operates a proprietary technology platform offering
businesses and individuals multi-currency accounts.
Cornerstone Shares Hit
Two-Year High after Mastercard Partnership Announcement
Shares of
Cornerstone on the London Stock Exchange (LSE: CSFS) surged to over two-year
highs, reaching 40 pence, in response to the morning announcement of the
partnership with Mastercard.
Source: Yahoo Finance
At the time
of writing, some of these gains had receded to 37.6 pence, yet CSFS still
registered an increase of almost 8% today. Following a series of positive
financial reports, this marks another strong spike in the company's stock in
2024. As Finance Magnates reported two weeks ago, Cornerstone announced
an increase of 100% in revenue for 2023, reaching £9.6 million.
"It
has been an excellent year for Cornerstone as we made substantial strategic
progress culminating in a set of strong financial results which significantly
exceeded the Board's expectations this time last year," Hickman said.
The latest
results confirmed the previous report stating that revenues for 2023 will be
"materially above current market expectations."
The London-based
financial services company Cornerstone FS plc announced today that it has
signed an agreement with Mastercard to launch a new corporate card product.
Under the
terms of the deal, Cornerstone will be able to issue commercial credit and
debit cards co-branded with Mastercard for its business customers. The company
expects to roll out the new corporate card offering in the third quarter of
2024.
Cornerstone Partners with Mastercard
The
partnership represents a move by Cornerstone to expand the payment options it
provides to customers. The company aims to enhance its capabilities by
establishing relationships with leading financial services providers like
Mastercard.
"We
are thrilled to have entered this long-term agreement with Mastercard, which
will expand our product offer to include commercial cards," said the CEO of Cornerstone, James Hickman. "This additional payment rail will provide
our customers with greater choice and flexibility in managing their business
expenses."
Hickman added
the corporate card scheme is a key step towards Cornerstone's goal of enabling
its clients to "pay in or pay out, in any currency, via any payment method
anywhere in the world."
The company
statement did not provide further financial or operational details about the
partnership. Cornerstone FS plc operates a proprietary technology platform offering
businesses and individuals multi-currency accounts.
Cornerstone Shares Hit
Two-Year High after Mastercard Partnership Announcement
Shares of
Cornerstone on the London Stock Exchange (LSE: CSFS) surged to over two-year
highs, reaching 40 pence, in response to the morning announcement of the
partnership with Mastercard.
Source: Yahoo Finance
At the time
of writing, some of these gains had receded to 37.6 pence, yet CSFS still
registered an increase of almost 8% today. Following a series of positive
financial reports, this marks another strong spike in the company's stock in
2024. As Finance Magnates reported two weeks ago, Cornerstone announced
an increase of 100% in revenue for 2023, reaching £9.6 million.
"It
has been an excellent year for Cornerstone as we made substantial strategic
progress culminating in a set of strong financial results which significantly
exceeded the Board's expectations this time last year," Hickman said.
The latest
results confirmed the previous report stating that revenues for 2023 will be
"materially above current market expectations."
Damian Chmiel is a Senior Analyst & Editor at Finance Magnates with more than 15 years of experience in the CFD and online trading industry. Active as both a trader and journalist since 2010, he focuses on broker coverage, fintech innovation, and regulatory developments across Europe, the Middle East, and Asia.
His work includes interviews with C-level leaders at major brokerages and fintech platforms, as well as co-authoring Finance Magnates’ quarterly industry benchmarking reports. Damian’s reporting is data-driven, market-aware, and grounded in direct industry engagement. His analysis and commentary have also been cited by external media outlets, including Investing.com, Binance, The Asset, Stockhead, and Dispatch.
Education:
MA in Finance and Accounting, Cracow University of Economics
Why Evergreen Content Is Still the Smartest Marketing Investment
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
