Also, the FMA issues a warning against clone firm; Broadridge offers new swift services.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
OctaFX Introduces Share
Trading Platform
OctaFX has
launched a new share trading feature, offering access to over 100 US and
European assets. The platform aims to cater to both experienced traders and
newcomers, providing a wide range of investment options, including tech
companies, blue-chip stocks, and emerging markets.
OctaFX has set a transparent commission structure for share trading, charging either $15
or 0.1% per transaction, whichever is higher.
"With
access to over 100 U.S. and European assets, you can build a diversified
portfolio that aligns with your investment goals and risk tolerance. Whether
you're interested in tech giants, blue-chip stocks, or emerging market
opportunities, our platform offers a comprehensive selection to choose from,"
OctaFX commented.
"In
our new campaign, investors are portrayed as the main heroes of our spots. We
learn more about their investment choices and experience. For all of them, the
XTB Universe is the place for their investments," said Omar Arnaout, the
CEO of XTB.
FMA NZ Issues Warning against
Clone Firm
The
Financial Markets Authority (FMA) of New Zealand has warned against Jecbit
Finance Limited, advising the public to exercise caution when dealing with the
entity. Jecbit Finance Limited offers forex and cryptocurrency investments but
is not registered to provide financial services in New Zealand. The company has
falsely claimed to be a registered entity in the country, using the business
details of another company, JEC Finance Limited.
Further
investigation revealed that Jecbit Finance Limited has been using the address,
New Zealand Business Number (NZBN), and other registration details of JEC
Finance Limited without authorization. The director of JEC Finance Limited has
confirmed that there is no association between the two companies. The FMA has recommended that the
public should remain vigilant and cautious when interacting with Jecbit Finance
Limited or its website.
"We
are pleased to extend the benefit of our Transaction Screening Service and
Securities View solutions to more institutions through connectivity with
Broadridge. Transaction Screening Service means institutions can securely
screen incoming and outgoing messages against the most up-to-date sanctions
lists," Darren Holdstock, the Global Head of Complementors at Swift, said.
Deutsche Bank Increases
Investment in South Korea
Deutsche Bank's headquarters in Frankfurt, Germany
Deutsche
Bank is boosting its investment in South Korea by 150 million Euros, marking an increase of 36.7% in capital allocation for its Seoul branch. The bank aims to
expand its business activities and better support its clients in South Korea,
which is Asia's fourth-largest market and the world's thirteenth-largest
economy.
"We
see great opportunities in South Korea and are investing accordingly," Alexander
von zur Muehlen, the CEO of Asia Pacific, Europe, Middle East & Africa
(EMEA) and Germany and a Member of the Management Board at Deutsche Bank,
commented.
HKMA Warns against Misuse
of the Term' Bank' by Crypto Firms
The Hong
Kong Monetary Authority (HKMA) has warned against crypto firms using the term' bank'
or describing their products as 'deposits'. The regulatory body states that
such misleading terms could contravene the Banking Ordinance and only licensed
institutions are authorized to offer banking or deposit-taking services in Hong
Kong.
"The
HKMA wishes to remind members of the public that crypto firms which are not
banks in Hong Kong are not supervised by the HKMA and funds placed with them
are not protected by the Hong Kong Deposit Protection Scheme," the
regulator commented in the official statement.
Yuen Pok (Paul) Loo Pleads
Guilty
Yuen Pok
(Paul) Loo has pleaded guilty to several criminal charges, including forgery
and providing financial services without registration. The charges relate to a
forged letter from New Zealand's FMA and his continued provision of financial
advice despite FMA's stop orders. Loo will be sentenced on December 20, 2023.
"The
forgery charges relate to a letter Loo forged purporting to be from the FMA
granting his company Wisdom House Investment Partners Limited a full financial
advice provider license and sent it to his clients. The latter charges relate
to Mr Loo providing financial advice without registration when he was required
to be registered under the FSP Act and Mr Loo's breach of the FMA's stop orders
by continuing to contact his clients and provide financial advice," the
FMA explained.
OctaFX Introduces Share
Trading Platform
OctaFX has
launched a new share trading feature, offering access to over 100 US and
European assets. The platform aims to cater to both experienced traders and
newcomers, providing a wide range of investment options, including tech
companies, blue-chip stocks, and emerging markets.
OctaFX has set a transparent commission structure for share trading, charging either $15
or 0.1% per transaction, whichever is higher.
"With
access to over 100 U.S. and European assets, you can build a diversified
portfolio that aligns with your investment goals and risk tolerance. Whether
you're interested in tech giants, blue-chip stocks, or emerging market
opportunities, our platform offers a comprehensive selection to choose from,"
OctaFX commented.
"In
our new campaign, investors are portrayed as the main heroes of our spots. We
learn more about their investment choices and experience. For all of them, the
XTB Universe is the place for their investments," said Omar Arnaout, the
CEO of XTB.
FMA NZ Issues Warning against
Clone Firm
The
Financial Markets Authority (FMA) of New Zealand has warned against Jecbit
Finance Limited, advising the public to exercise caution when dealing with the
entity. Jecbit Finance Limited offers forex and cryptocurrency investments but
is not registered to provide financial services in New Zealand. The company has
falsely claimed to be a registered entity in the country, using the business
details of another company, JEC Finance Limited.
Further
investigation revealed that Jecbit Finance Limited has been using the address,
New Zealand Business Number (NZBN), and other registration details of JEC
Finance Limited without authorization. The director of JEC Finance Limited has
confirmed that there is no association between the two companies. The FMA has recommended that the
public should remain vigilant and cautious when interacting with Jecbit Finance
Limited or its website.
"We
are pleased to extend the benefit of our Transaction Screening Service and
Securities View solutions to more institutions through connectivity with
Broadridge. Transaction Screening Service means institutions can securely
screen incoming and outgoing messages against the most up-to-date sanctions
lists," Darren Holdstock, the Global Head of Complementors at Swift, said.
Deutsche Bank Increases
Investment in South Korea
Deutsche Bank's headquarters in Frankfurt, Germany
Deutsche
Bank is boosting its investment in South Korea by 150 million Euros, marking an increase of 36.7% in capital allocation for its Seoul branch. The bank aims to
expand its business activities and better support its clients in South Korea,
which is Asia's fourth-largest market and the world's thirteenth-largest
economy.
"We
see great opportunities in South Korea and are investing accordingly," Alexander
von zur Muehlen, the CEO of Asia Pacific, Europe, Middle East & Africa
(EMEA) and Germany and a Member of the Management Board at Deutsche Bank,
commented.
HKMA Warns against Misuse
of the Term' Bank' by Crypto Firms
The Hong
Kong Monetary Authority (HKMA) has warned against crypto firms using the term' bank'
or describing their products as 'deposits'. The regulatory body states that
such misleading terms could contravene the Banking Ordinance and only licensed
institutions are authorized to offer banking or deposit-taking services in Hong
Kong.
"The
HKMA wishes to remind members of the public that crypto firms which are not
banks in Hong Kong are not supervised by the HKMA and funds placed with them
are not protected by the Hong Kong Deposit Protection Scheme," the
regulator commented in the official statement.
Yuen Pok (Paul) Loo Pleads
Guilty
Yuen Pok
(Paul) Loo has pleaded guilty to several criminal charges, including forgery
and providing financial services without registration. The charges relate to a
forged letter from New Zealand's FMA and his continued provision of financial
advice despite FMA's stop orders. Loo will be sentenced on December 20, 2023.
"The
forgery charges relate to a letter Loo forged purporting to be from the FMA
granting his company Wisdom House Investment Partners Limited a full financial
advice provider license and sent it to his clients. The latter charges relate
to Mr Loo providing financial advice without registration when he was required
to be registered under the FSP Act and Mr Loo's breach of the FMA's stop orders
by continuing to contact his clients and provide financial advice," the
FMA explained.
CySEC Fines Wonderinterest €100K, Operator of CFD Brokers Zetano and Investago
Featured Videos
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
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.
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
