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Conotoxia
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FinTech
Fintech Giant Takes On Banking Elite in SWIFT Access Battle
2024-11-25T11:34:16.221+02:00
Cinkciarz.pl filed a complaint about banks allegedly blocking SWIFT access for domestic transfers.
The company argues current system causes unnecessary delays and higher costs compared to international transfers.
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FinTech
This Fintech Repays 60% of Customer Funds After License Revocation, Sets Year-End Deadline
2024-11-19T11:40:30.130+02:00
Conotoxia announces a settlement plan offering full refunds plus interest to customers affected by its license cancellation.
Cinkciarz.pl's brand is also seeking to sue the local regulator and almost a dozen of banks for alleged "conspiracy"
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The Regulator Revoked Their License, They Took It to Court: Cinkciarz.pl Battles KNF
2024-11-18T10:41:30.226+02:00
Polish fintech Conotoxia challenges regulatory license revocation, arguing that KNF's decision threatens customer interests.
The company claims the regulator's sudden change in stance on fund handling could harm service users.
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Cinkciarz.pl Aims for Banking Future After License Loss, but Regulator Pushes Back
2024-11-14T11:37:05.605+02:00
Polish fintech announces ambitions to become a bank after losing its payment authorization last month.
In the meantime, it declared war on Polish banks and the country's regulator, KNF.
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Payments
Fintech Giant Claims Banks Blocked Transfers for 14 Years in Market-Share Fight
2024-11-04T12:41:46.219+02:00
Cinkciarz.pl accuses banks of systematically blocking $300 million in funds over a decade.
The company has filed complaints with multiple regulatory bodies and seeks criminal investigations against bank executives.
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Payments
Credit Agricole Takes Part in “Banking Conspiracy,” Cinkciarz.pl Claims
2024-10-25T21:05:15.529+02:00
The lawsuit is part of a larger $1.65B legal campaign against ten Polish banks amid regulatory challenges.
Cinkciarz.pl has lost its payments license in Poland and now alleges that the “banking lobby” was supposedly involved.
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Payments
Polish KNF Decision Pushes Conotoxia Into Investment Hunt
2024-10-23T14:35:24.492+02:00
Cinkciarz.pl brand operator is in “advanced talks” with international investment funds.
The company plans to challenge the KNF decision while simultaneously pursuing legal action against local banks.
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Payments
Cinkciarz.pl and Conotoxia Plan to Sue 10 Banks for a Total of 6.5 Billion Zlotys
2024-10-15T09:22:00.060+02:00
Citibank and PKO BP have just joined the growing list. They are allegedly accused of collusion.
Moreover, the Polish fintech giant claims that the local market watchdog "violates the law" and its regulations "destroy" companies.
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Payments
Conotoxia Alleges Polish KNF “Violates the Law” and Regulations “Destroy” Companies
2024-10-14T09:20:12.556+02:00
The local fintech giant is challenging the financial regulator's decision to revoke its payment services license.
It claims the watchdog's actions could disrupt services for 100,000 users and cause billions in damages.
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Payments
Cinkciarz.pl Declares War on Polish Banks: Plans to Sue 8 for 5 Billion Zlotys
2024-10-09T09:12:34.982+02:00
The online FX platform accuses major financial institutions of unfair competition by denying access.
It plans to involve competition authorities and urges other affected exchange offices to join its lawsuit.
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Payments
Cinkciarz.pl Files 1.5 Billion Suit against Polish Banks amid License Row
2024-10-07T10:56:44.058+02:00
The Polish fintech giant is suing two major banks for alleged obstruction of business, seeking damages totaling PLN 1.5B.
This legal action follows the recent suspension of its payment license by KNF.
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Payments
Polish KNF Revokes Conotoxia's Payment Services License
2024-10-03T12:02:48.940+02:00
The company was ordered to cease operations and settle accounts by year-end.
The cancellation of the payment license will not, however, affect FX/CFD operations.
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Retail FX
News Nuggets | 1 August: Meta to Launch 'Personas' AI Bots; Conotoxia Shows New Feature
2023-08-01T11:27:03.716+02:00
Also, Paul Turner Joins Capex; HSBC doubles its net profit.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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FinTech
Currency One Challenges Cinkciarz.pl's Court Victory with Planned Appeal
2023-05-31T11:40:49.238+02:00
Two major Polish online currency exchanges have been engaged in a legal battle for ten years.
The latest decision supported Cinkciarz.pl, but Currency One disagrees and will appeal.
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FinTech
Fintech Firm Cinkciarz.pl Wins Decade-Long Trademark Dispute
2023-05-30T10:48:30.130+02:00
Cinkciarz.pl is set to receive PLN 2 million in compensation but will be seeking more.
The lawsuit involved the use of the company's name as an SEO phrase by competitors.
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Retail FX
Conotoxia's 2022 FX Turnover Soars 5% to $8.29 Billion, Record User Base
2023-04-25T10:50:32.524+02:00
Conotoxia reported record-breaking metrics for 2022.
The fintech company showed increased FX volumes and a number of active clients.
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Retail FX
News Nuggets | 27 March: Binance's New Office, CNMV's Warning and ESMA's Revised Rules
2023-03-27T13:26:11.311+02:00
Also Silicon Valley Bank, Titanium Blockchains CEO's sentence and more.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Retail FX
Conotoxia to Launch Investment Advice for Retail Traders
2023-03-27T09:27:17.315+02:00
The company states it became the industry-first to offer investment advisory to retailers.
Finance Magnates discussed the new offering with the Director of Conotoxia Ltd.
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Executives
Angelos Christofi Leaves Conotoxia for Sales Director Role in NKB Solutions
2023-02-21T15:40:53.046+02:00
Christofi has more than ten years of marketing experience in the FX/CFD industry.
He moved from Conotoxia to support brokerage startups in NKB Solutions.
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Executives
Conotoxia Hires Ireneusz Pukin as Polish Branch Director
2023-01-11T13:19:51.961+02:00
Pukin has been involved in the Polish FX/CFD industry for many years.
In the past, he ran his own FX educational website and crypto exchange.
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