May 15, 2018 BY LeapRate Staff

CySEC clarifies rules for Forex brokers offering cryptocurrency CFDs

Cyprus financial regulator CySEC has just issued a new circular, outlining the rules governing brokers which offer cryptocurrency CFD trading to clients. CySEC began by pointing out - as did UK regulator the FCA last month - that while cryptocurrencies themselves are not considered financial instruments as defined by European rule-setter ESMA, derivatives of cryptocurrencies…

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May 15, 2018 BY Valentina Kirilova

Deutsche Börse to launch FinTech Acceleration platform

Deutsche Börse Group and its post-trade services provider Clearstream announced that they will partner with Germany-based FinTech figo and Luxembourg-based RegTech start-up Finologee to create a common FinTech Acceleration Platform. The launch is targeted for the fourth quarter of 2018, subject to regulatory approval. The new platform will enable established financial industry players and new…

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May 15, 2018 BY Valentina Kirilova

Monetary Authority of Singapore and AMBD sign FinTech cooperation agreement

The Autoriti Monetari Brunei Darussalam (AMBD) and the Monetary Authority of Singapore (MAS) announced that they have signed a FinTech Cooperation Agreement (CA) to foster innovation in financial services between Brunei Darussalam and Singapore. The FinTech CA will facilitate the sharing of information on emerging FinTech trends and developments, and promote joint innovation projects between…

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May 15, 2018 BY Valentina Kirilova

Risk Focus launches Frankfurt operations, hires Deutsche Börse's Alexander Malkmus

Risk Focus Inc., the Specialist Provider of Financial and DevOps Services, announced today that it has expanded its footprint in Europe by launching business operations in Frankfurt, Germany, to be run by Alexander Malkmus, an industry veteran with over 20 years of experience in highly-visible client engagements. Having previously worked at Accenture and the Deutsche…

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May 15, 2018 BY Valentina Kirilova

muinmos teams up with NorthRow to offer automated onboarding solution

RegTech software specialist muinmos announced that it has partnered with NorthRow, a complementary RegTech compliance software provider, to offer a powerful combined fully automated solution to support client onboarding in the financial services sector. The integration between muinmos and NorthRow enables financial institutions to undertake all Know Your Client (KYC) and Anti Money Laundering (AML)…

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May 15, 2018 BY Valentina Kirilova

SIX Payment Services teams up with Wordline

SIX has just announced that it is entering a strategic partnership with Worldline in the cards business (merchant acceptance & acquiring and international card processing). SIX will bring the existing cards business into the partnership and will receive a 27% stake in Worldline. SIX Payment Services and Worldline complement each other very well in terms…

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May 15, 2018 BY LeapRate Staff

FastMatch monthly revenues edge up to €1.7 million in Q1-2018

Financial markets operator Euronext NV (EPA:ENX) has released its quarterly financial report for Q1-2018, indicating healthy growth across most of its business lines, including 16% top line Revenue growth. Euronext indicated that its recently acquired Forex ECN business, FastMatch, also did fairly well in Q1, with FastMatch revenues totaling €5.2 million (USD $6.2 million) in Q1,…

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May 15, 2018 BY Valentina Kirilova

FCA warns against Consultancy Ltd t/a Stratx Markets

UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the company Consultancy Ltd t/a Stratx Markets. Consultancy Ltd is not authorised by the FCA but has been targeting people in the UK and is also carrying on…

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