playtech offices
February 28, 2020 BY Valentina Kirilova

Playtech's financial division TradeTech reports a 30% YoY drop in revenue in 2019

Online gaming and financial trading giant Playtech PLC (LON:PTEC) has released its results for the year ended 31 December 2019. The company reported significant decrease in revenue in its financial division TradeTech Group (which includes CFH, Alpha, Markets.com), due to challenging market conditions in 2019. Group highlights include: Core B2B Gambling revenue growth of 15% vs. 2018 driven…

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asic afs license
February 28, 2020 BY Steffy Bogdanova

ASIC cancels RVM Capital’s AFS licence

  ASIC has cancelled the Australian financial services (AFS) licence of RVM Capital for not submitting its annual financial statements for three years in a row. RVM Capital held AFS licence number 457140 and it was cancelled from 21 January 2020. These measures are part of ASIC’s intention to raise and improve the requirements for…

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ASIC office
February 28, 2020 BY Steffy Bogdanova

AGM Markets, OT Markets and Ozifin Tech engaged in unconscionable conduct

The Federal Court has found that the over-the-counter (OTC) derivative providers AGM Markets Pty Ltd, OT Markets Pty Ltd and Ozifin Tech Pty Ltd were engaged in systemic unconscionable conduct. It was reported that Australian investors lost over $30 million. Account managers located offshore were used to engage retail investors in Australia. They provided unlicensed…

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engage:BDR's revenue up 50% YoY in 2019
February 28, 2020 BY Valentina Kirilova

engage:BDR's revenue up 50% YoY in 2019

engage:BDR (ASX:EN1), a digital advertising firm that offers cross-device video and display advertising solutions, has just released its financial commentary for the 2019 calendar year. According to the company's management, 2019 was a pivotal, successful and profitable year for EN1. 2019 full year growth highlights include: Revenue increased 50% to $17.1M (from $11.4M in 2018)…

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cryptocurrency
February 27, 2020 BY Steffy Bogdanova

Hong Kong and Abu Dhabi to consider crypto regulations aligning with FAFT

Financial secretary of Hong Kong Paul Chan, announced yesterday in his annual budget speech that he is considering changes of the regulation in the cryptocurrency sector to strengthen the anti-money-laundering (AML) norms and counter-terrorist-financing (CTF) policies. Financial Secretary Chan indicated in his speech that he was following recommendations form global financial regulator, Financial Action Task…

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Daily Market analysis
February 27, 2020 BY Valentina Kirilova

Daily market commentary: The US dollar is losing ground

ActivTrades’ Market Analysts prepared their daily commentary on traditional markets for February 27, 2020. This is not a trading advice. See details below: FOREX The US dollar is losing ground to other major currencies due to investor anxiety over the coronavirus spreading into the United States. The first case of an infection not related to…

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February 27, 2020 BY Steffy Bogdanova

Finastra adds four new fintech apps on FusionStore

Finastra announced yesterday the addition of four new retail banking apps on its marketplace FusionStore. The app was first built in the end of last year and includes innovative saving, spending control and personal finance management services. They use open APIs through the FusionFabric.cloud development platform. The apps include: Flybits, а contextual customer engagement platform…

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