The UK watchdog becomes AML and CTF supervisor of UK cryptoasset activities LeapRate

January 13, 2020 BY Valentina Kirilova

The UK watchdog becomes AML and CTF supervisor of UK cryptoasset activities

The UK regulator FCA has informed earlier that any UK business conducting specific cryptoasset activities falls within scope of the regulations and will need to comply with the regulator's requirements. Cryptoasset businesses are required to identify and assess the risks of money laundering and terrorist financing which their business is subject to. The companies also…

January 13, 2020 BY Valentina Kirilova

Daily market commentary: The pound is under increasing pressure

ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for January 13, 2020. This is not a trading advice. See details below: FOREX The pound is under increasing pressure, as a growing number of Bank of England officials have now voiced their support for a rate cut. Sterling is down 0.37%…

January 13, 2020 BY Valentina Kirilova

FinTech company TigerWit receives Hong Kong SFC licence

UK-headquartered global fintech firm TigerWit has announced today that it has been accredited with a Financial Services licence from Hong Kong’s Securities and Futures Commission. Financial innovation in Asia and demand for access to financial markets is growing rapidly and Hong Kong is a major global financial hub. Tim Hughes, CEO at TigerWit commented on the…

January 13, 2020 BY Valentina Kirilova

INTL FCStone acquires GIROXX GmbH in Germany

INTL FCStone Inc. (NASDAQ: INTL) has just announced that its London-based subsidiary, INTL FCStone Ltd., executed a sale and purchase agreement to acquire GIROXX GmbH in Frankfurt, Germany. Closing is conditional upon the approval of the German regulator BaFin. Through its digital platform, GIROXX GmbH provides online payment and foreign exchange hedging services to small…

January 13, 2020 BY Mariela Naydenova

Exclusive interview: The funds industry - Emilio Munoz, Director of Fortage Funds, speaks

LeapRate Exclusive… Emilio Munoz is the Director and Chairman of the Board at Fortage Funds, a Luxembourg-based investment funds umbrella-platform, distinguished by an open architecture approach, that provides service to HNIs, institutions, intermediaries, and emerging managers stepping into the alternative funds industry. Emilio started his career ten years ago in asset management in the United States at…

January 10, 2020 BY Valentina Kirilova

MOEX FX Market volume up 5.4% MoM in December

Moscow Exchange (MOEX) has released its trading volumes report for the month of December 2019. Total trading volume across Moscow Exchange’s markets was RUB 66.3 trln (December 2018: RUB 72.5 trln). Among the growth leaders are the Equity Market with a 52% rise and the Bond Market, up 54.7% (excluding overnight bonds). Equity & Bond…

January 10, 2020 BY Mariela Naydenova

PayU acquires a controlling stake in PaySense - new doors into the Indian lending industry

PayU is a fintech company that offers payment technology and services to online merchants. Founded in 2002 and headquartered in the Netherlands, PayU is now in the process of acquiring a majority stake in PaySense, which is an Indian digital credit platform. The estimated equity valuation is around $185 million. According to the Economic Times,…

ATFX teams up with major payment providers for LATAM and the Middle East

January 10, 2020 BY Valentina Kirilova

LHV Bank to provide FinTechs with access to instant pound and euro payments

LHV, the fintech focused bank and payment services provider, has just announced that it has commenced providing real-time pound payments via the UK’s Faster Payments scheme. The bank is now providing real time euro payments via Single Euro Payment Area Instant (SEPA Instant) and processing pound (Faster Payments) payments. The pound payments service has been…

January 10, 2020 BY Valentina Kirilova

Daily Market News: Apple hits new record high on China growth

Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for January 10, 2020. US stocks climbed again on Thursday and are now up close to 4% over the past month despite the Iran crisis and a tough spell at home for retailer share prices. As tensions eased…

January 10, 2020 BY Valentina Kirilova

Kroll acquires RP Digital Security, expands cyber risk practice in Asia Pacific

Kroll, a division of Duff & Phelps, has today announced that it has acquired RP Digital Security, aiming to expand its cyber security offerings. Singapore-headquartered RP Digital Security is a computer forensic investigations, digital security and eDiscovery services company. It serves some of the largest law firms, financial institutions and insurance providers in the region. RP Digital Security has…