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Get Out! CySEC Bans FX Firms From Accepting Non-EU Clients
Get Out! CySEC Bans FX Firms From Accepting Non-EU Clients
Thursday,01/08/2013|14:09GMTby
Andrew Saks McLeod
Cyprus today finds itself amid further controversy as its regulator sets an immediate ruling in place to prohibit the soliciting of non-EU clients without authorization. Forex Magnates provides a look from within.
This caused a tremendous stir among Cyprus based FX brokers and clients alike. The first time that banks have conducted such a means of rescuing themselves from financial oblivion, it set a precedent Europe-wide, leaving other EU countries wondering who is next. The industry settled down and moved on quickly, largely undeterred, however today CySEC has announced that it has implemented a new ruling which may have a potentially dramatic effect on how brokers in Cyprus conduct their business in the future.
No More Non-EU Clients?
CySEC’s controversial ruling, which is effective immediately, stipulates that brokers which operate under the CySEC license and as a result comply with MiFID rulings allowing them to attract clients from all over Europe, including Britain, will no longer be able to solicit business from any jurisdiction outside of the European Union, unless a potential client of a CySEC regulated company who resides in a non-EU member state can provide written authorization from the domestic financial markets regulator in the nation which that person is resident that such a person or entity is able to become a client of a CySEC regulated broker.
In accordance with section 79(1) of the Investment Services and Activities and Regulated Markets Laws of 2007, as in force, the law states that CIFs may provide investment and ancillary services and/or perform investment activities within the territory of another member state and/or a third country, provided that such services and/or activities are covered by their authorization, the full detail of which can be read here:
When asked by Forex Magnates if a drive toward applications for FCA licenses may occur, Mushegh Tovmasyan, CCO at Alpari UK explained that he believes that it makes sense to be based in a solid financial center such as London, and that CySEC’s responsibility is to protect its reputation in order to secure the nation’s financial sector’s future: “FX business is so tiny compared to the rest of financial industry there” Mr. Tovmasyan explained to Forex Magnates today.
“It is the same situation as in the US, insofar as that the authorities don’t want the FX business to tarnish their brand, which ultimately can damage the reputation of the country itself. Maybe thats the reason”.
“This will obviously be a mess for Cypriot brokers if it comes into effect and if it is actually enforced. Indeed it would be great news for non Cyprus brokers and a race against time for Cypriot ones” continued Mr. Tovmasyan. “Brokers cannot survive on European business alone in my opinion, and certainly not on a simple retail MT4 or equivalent business model”. Alpari ceased its Cyprus operations in December 2012, migrating its client base to the UK, a move which the company's CEO Daniel Skowronski described at this year's iFXEXPO in Cyprus as "purely strategic".
Following the Cyprus crisis, the bailing in of depositors’ funds of up to 60% in some cases has instilled a degree of fear into large companies and private individuals alike, and with reputation of the financial markets requiring bolstering, CySEC is in the process of ensuring a future good name, as pointed out by a speech delivered by Demetra Kalogirou, Chairman of CySEC at this year’s iFXEXPO in which Ms. Kalogirou pledged her support for the financial services industry as a whole, but absolutely did not wish to answer questions posed by Forex Magnates at the time.
Priority To The Banking Sector
The general view from within is that there is a need to appease the banks as they make up a much bigger market segment than FX despite the level of FX presence in Cyprus, therefore it would rather see off the FX firms in order to help protect its name as a proper regulator.
“You can see from all public company reports where the revenue is coming from, and it’s not Europe, especially during the past two to three years” Mr. Tovmasyan explained. He understands that there may be a very serious matter at the bottom of this decision in that shoring up the reputation of the banks is vital to Cyprus. “The country would risk its bailout if it didn’t protect the financial industry”.
Max Lebedev, CEO of Forex4You believes that this is a double-edged sword, and can be looked at from different perspectives: “I think there two sides of the coin” Mr. Lebedev told Forex Magnates. “Companies should look at this as a potential client base from two categories: non-EU clients from countries with regulators, and non-EU clients from countries without a regulator.”
Prohibitively Impractical
Mr. Lebedev explained this particular point further: “In the second case, clients just won't be able to get an authorization letter. In first case, I think clients will face serious issues in getting such a letter from a domestic regulator too. Anyway, that action from CySEC will have a substantial negative impact on existing companies, and for newly established entities CySEC regulation will not be attractive at all.”
“How these companies will manage not to lose market share, depends entirely on their business expansion plans. Obviously, they will turn their focus to more "universal" regulations. I assume that action from CySEC is driven by EU, and directly related to recent bank crisis and enforcing the rules of managing the "external" funds in Cyprus” concluded Mr. Lebedev.
A question that is raising its head yet again is whether FX firms will consider a move to London, in order to remove the risk of further bail ins, and to ensure the ability to gain a client base which is international. One particular large institutional FX firm in London today explained to Forex Magnates that: “The move by CySEC, if it goes ahead at all, would be disasterous for a lot of retail brokers based there. It will also stop anyone wanting to set up in Cyprus in future, instead making London a viable option despite the cost. It is probably overall a cheaper exercise to set up one office in London and pay the costs associated with the regulations here, than to have two offices with two regulatory costs”.
The broker, who requested anonymity, continued: “it will effectively kill the growth of CySEC regulated brokers whilst playing into the hands of the bigger brokers who can afford to be regulated in multiple jurisdictions or to set up with FCA regulations”.
“On the other hand, brokers who wish to still have access to European markets and keep the costs down, plus not be restricted like this may see Malta as an alternative” concluded our source.
A Good Move To Limit Exposure
One particular company which demonstrated its agreement with the proposed ruling is Easy Forex. “It seems like CySEC is doing the right thing by limiting their exposure and clearing up their list of regulated companies. Easy-Forex is not affected at all by this move. Our CySEC regulated company only accepts clients from EU” explained the company’s Chief Marketing Officer Hilik Nissani.
Forex Magnates will follow this closely and provide further perspectives as the industry responds further.
This caused a tremendous stir among Cyprus based FX brokers and clients alike. The first time that banks have conducted such a means of rescuing themselves from financial oblivion, it set a precedent Europe-wide, leaving other EU countries wondering who is next. The industry settled down and moved on quickly, largely undeterred, however today CySEC has announced that it has implemented a new ruling which may have a potentially dramatic effect on how brokers in Cyprus conduct their business in the future.
No More Non-EU Clients?
CySEC’s controversial ruling, which is effective immediately, stipulates that brokers which operate under the CySEC license and as a result comply with MiFID rulings allowing them to attract clients from all over Europe, including Britain, will no longer be able to solicit business from any jurisdiction outside of the European Union, unless a potential client of a CySEC regulated company who resides in a non-EU member state can provide written authorization from the domestic financial markets regulator in the nation which that person is resident that such a person or entity is able to become a client of a CySEC regulated broker.
In accordance with section 79(1) of the Investment Services and Activities and Regulated Markets Laws of 2007, as in force, the law states that CIFs may provide investment and ancillary services and/or perform investment activities within the territory of another member state and/or a third country, provided that such services and/or activities are covered by their authorization, the full detail of which can be read here:
When asked by Forex Magnates if a drive toward applications for FCA licenses may occur, Mushegh Tovmasyan, CCO at Alpari UK explained that he believes that it makes sense to be based in a solid financial center such as London, and that CySEC’s responsibility is to protect its reputation in order to secure the nation’s financial sector’s future: “FX business is so tiny compared to the rest of financial industry there” Mr. Tovmasyan explained to Forex Magnates today.
“It is the same situation as in the US, insofar as that the authorities don’t want the FX business to tarnish their brand, which ultimately can damage the reputation of the country itself. Maybe thats the reason”.
“This will obviously be a mess for Cypriot brokers if it comes into effect and if it is actually enforced. Indeed it would be great news for non Cyprus brokers and a race against time for Cypriot ones” continued Mr. Tovmasyan. “Brokers cannot survive on European business alone in my opinion, and certainly not on a simple retail MT4 or equivalent business model”. Alpari ceased its Cyprus operations in December 2012, migrating its client base to the UK, a move which the company's CEO Daniel Skowronski described at this year's iFXEXPO in Cyprus as "purely strategic".
Following the Cyprus crisis, the bailing in of depositors’ funds of up to 60% in some cases has instilled a degree of fear into large companies and private individuals alike, and with reputation of the financial markets requiring bolstering, CySEC is in the process of ensuring a future good name, as pointed out by a speech delivered by Demetra Kalogirou, Chairman of CySEC at this year’s iFXEXPO in which Ms. Kalogirou pledged her support for the financial services industry as a whole, but absolutely did not wish to answer questions posed by Forex Magnates at the time.
Priority To The Banking Sector
The general view from within is that there is a need to appease the banks as they make up a much bigger market segment than FX despite the level of FX presence in Cyprus, therefore it would rather see off the FX firms in order to help protect its name as a proper regulator.
“You can see from all public company reports where the revenue is coming from, and it’s not Europe, especially during the past two to three years” Mr. Tovmasyan explained. He understands that there may be a very serious matter at the bottom of this decision in that shoring up the reputation of the banks is vital to Cyprus. “The country would risk its bailout if it didn’t protect the financial industry”.
Max Lebedev, CEO of Forex4You believes that this is a double-edged sword, and can be looked at from different perspectives: “I think there two sides of the coin” Mr. Lebedev told Forex Magnates. “Companies should look at this as a potential client base from two categories: non-EU clients from countries with regulators, and non-EU clients from countries without a regulator.”
Prohibitively Impractical
Mr. Lebedev explained this particular point further: “In the second case, clients just won't be able to get an authorization letter. In first case, I think clients will face serious issues in getting such a letter from a domestic regulator too. Anyway, that action from CySEC will have a substantial negative impact on existing companies, and for newly established entities CySEC regulation will not be attractive at all.”
“How these companies will manage not to lose market share, depends entirely on their business expansion plans. Obviously, they will turn their focus to more "universal" regulations. I assume that action from CySEC is driven by EU, and directly related to recent bank crisis and enforcing the rules of managing the "external" funds in Cyprus” concluded Mr. Lebedev.
A question that is raising its head yet again is whether FX firms will consider a move to London, in order to remove the risk of further bail ins, and to ensure the ability to gain a client base which is international. One particular large institutional FX firm in London today explained to Forex Magnates that: “The move by CySEC, if it goes ahead at all, would be disasterous for a lot of retail brokers based there. It will also stop anyone wanting to set up in Cyprus in future, instead making London a viable option despite the cost. It is probably overall a cheaper exercise to set up one office in London and pay the costs associated with the regulations here, than to have two offices with two regulatory costs”.
The broker, who requested anonymity, continued: “it will effectively kill the growth of CySEC regulated brokers whilst playing into the hands of the bigger brokers who can afford to be regulated in multiple jurisdictions or to set up with FCA regulations”.
“On the other hand, brokers who wish to still have access to European markets and keep the costs down, plus not be restricted like this may see Malta as an alternative” concluded our source.
A Good Move To Limit Exposure
One particular company which demonstrated its agreement with the proposed ruling is Easy Forex. “It seems like CySEC is doing the right thing by limiting their exposure and clearing up their list of regulated companies. Easy-Forex is not affected at all by this move. Our CySEC regulated company only accepts clients from EU” explained the company’s Chief Marketing Officer Hilik Nissani.
Forex Magnates will follow this closely and provide further perspectives as the industry responds further.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
