Financial Technology News | Finance Magnates

a Global payments services provider and a Formula 1 team sign multi-year sponsorship deal.
Nuvei will be able to use Lewis Hamilton's and Toto Wolff's popularity in its marketing campaigns.

Tuesday, 14/02/2023 | 09:40 GMT by Damian Chmiel

moneygram

US Pays $115M to 40K Victims of Fraud Scheme Processed by MoneyGram

MoneyGram paid $125 million in 2018 for the refund.
The American money transfer company entered a DPA with the Justice Department in 2012.

Friday, 10/02/2023 | 22:42 GMT by Solomon Oladipupo

Broadridge

Point Focal Shares Markets Insights with Broardridge's NYFIX Platform

The new partnership will guarantee access to portfolio analytics.
NYFIX clients gain insights into custom watch lists and portfolios.

Monday, 06/02/2023 | 14:04 GMT by Damian Chmiel

finma

Over 1,000 Institutions Shun Swiss Regulator's License Application

The Swiss regulator received 1,699 FinIA license applications in 2022 and granted 670.
FINMA says unlicensed portfolio managers and trustees may be fined as high as CHF 250K.

Monday, 30/01/2023 | 19:29 GMT by Solomon Oladipupo

Thought Leaders

ZuluTrade Launches Operations in Mauritius

Zulutrade receives the green light from the FSC to provide wealth management services.

Thursday, 23/03/2023 | 08:26 GMT by FM

playtech

Playtech Expects to Close FY22 with at Least €400M EBITDA

The company brought in €203.8 million in EBITDA in H1 2022.
It is benefiting from the growth of B2B and Snaitech businesses.

Thursday, 26/01/2023 | 09:43 GMT by Arnab Shome

fintech

Fintech Plum Expands European Footprint by Entering 5 New Countries

The platform is now available in ten countries, including the UK.
It recently tapped Bitpanda to offer crypto services in Europe.

Tuesday, 24/01/2023 | 11:46 GMT by Arnab Shome

cysec

CySEC Investment Managers’ AUM Drops 7.2% to €9.9 Billion in Q3 2022

CySEC attributed the decrease to devaluation of assets and other factors.
Investment managers regulated by CySEC increased to 303 during Q3 2022.

Monday, 23/01/2023 | 15:37 GMT by Solomon Oladipupo

Broadridge

Broadridge Signs Multi-Year Contract Extension with IGM Financial

IG Wealth Management will leverage R.Broker's solution from the Broadridge Wealth Platform.
The current five-year partnership extends via a new multi-year contract.

Wednesday, 18/01/2023 | 12:33 GMT by Damian Chmiel

robinhood

Robinhood Launches Financial News Subsidiary, Sherwood Media

The firm has appointed Joshua Topolsky as Chief Editor & President of the platform.
Robinhood also runs three existing subsidiaries.

Tuesday, 17/01/2023 | 18:08 GMT by Solomon Oladipupo

regtech

Global Regtech Sees $8.2b in 2022, to Reach $57.5b in 2032

The estimations are according to the research firm Prophecy Market Insights.
The regtech industry saw a number of deals in 2022.

Thursday, 12/01/2023 | 22:25 GMT by Solomon Oladipupo

Thought Leaders

FBS Raffled Mercedes-Benz and Premium Gadgets to Lucky Winners

The promotion celebrated FBS' 14th anniversary.

Wednesday, 22/03/2023 | 11:18 GMT by FBS

Broadridge

LiquidX Launches InBlock TradeOps, Partners with Broadridge

Broadridge and LiquidX have been cooperating since 2016.
Their close partnership allowed the development of a new BPO service.

Tuesday, 10/01/2023 | 12:23 GMT by Damian Chmiel

Broadridge

Broadridge Taps Glue42 to Link User Interfaces across Products

The company has established another partnership in recent months.
Broadridge has recently hired a new CPO.

Monday, 09/01/2023 | 13:02 GMT by Damian Chmiel

revolut

Revolut to Release Delayed 2021 Financial Statement Next Year

Revolut confirmed the development to Finance Magnates.
The neobank recently got DASP approval from CySEC.

Wednesday, 28/12/2022 | 12:55 GMT by Solomon Oladipupo

Acquisition

Fintech Galaxy Acquires Egypt’s Open Banking Firm Underlie

The acquisition will help Fintech Galaxy to expand its presence in Egypt.
The financial terms of the deal were not disclosed.

Thursday, 22/12/2022 | 11:57 GMT by Arnab Shome

Australia

Australia’s Alex Bank Receives ADI License to Expand Product

The bank received a restricted license last year.
It now supports more than 2,500 customer accounts.

Wednesday, 21/12/2022 | 11:26 GMT by Arnab Shome

bux

Neobroker BUX Gets French DASP Registration, to Offer Crypto in 2023

French users will be able to trade over 58 cryptocurrencies on BUX Zero.
The firm recently acquired the Spanish neobroker, Ninety Nine.

Tuesday, 20/12/2022 | 22:11 GMT by Solomon Oladipupo

Thought Leaders

3 Reasons Why Now Is the Time For Online Trading Brands To Invest In Sports Sponsorship

Three key reasons why 2023 is the ideal time for brands to invest in sports sponsorship.

Wednesday, 22/03/2023 | 08:46 GMT by FM

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