Category: Fintech

September 21, 2020 BY Steffy Bogdanova

Fintech firm Neo introduces new multi-currency account for SMEs

Another advantage of the new accounts are their low fees. Treasurers are used to paying sizeable commissions and rates, much higher than interbank rates. Neo’s average trading fees vary between 0.05% and 0.25%. Laurent Descout, CEO and Founder of Neo, commented: The fintech revolution has impacted many areas of financial services to date, but corporate…

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partnership
August 27, 2020 BY Steffy Bogdanova

Finastra helps VPBank migrate to a new treasury system and grow its financial market division

Fusion Kondor allows banks to trade high volumes of treasury while also offering flexibility to support more complex derivatives, options and structured trades. The solution’s integration with existing systems and applications is easy. Fusion Risk offers a fully automated, end-to-end IFRS9/CECL solution. It is integrated with Finastra’s core banking, lending and trading solutions. It also…

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revenue volumes
August 25, 2020 BY Steffy Bogdanova

FinVolution reports $256.3 million net revenue for Q2 and share repurchase program of up to $60 million

Q2 financial highlights include: Net revenue grew by 10.3% to RMB 1,810.5 million ($256.3 million) from RMB 1,641.9 million in the same period during the previous year. Operating profit reached RMB 567.2 million ($80.3 million), 26.1% down from RMB 767.6 million in the Q2 of 2019. Non-GAAP adjusted operating profit, excluding share-based compensation expenses before…

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Broadridge Financial Solutions
August 12, 2020 BY Steffy Bogdanova

Broadridge announces 4% revenue growth for the financial year and 12% for the final quarter

Tim Gokey, Broadridge's CEO said: With an exceptional fourth quarter, Broadridge reported strong fiscal year 2020 results including 10% Recurring revenue growth, 8% Adjusted EPS growth, and record closed sales. Our full-year performance despite event-driven headwinds and the ongoing pandemic further validates the Broadridge business model and value proposition, and gives us even greater confidence…

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partnership
July 08, 2020 BY Steffy Bogdanova

FXCM Pro collaborates with Tradesocio to strengthen trading technology

FXCM Pro’s partnership with Tradesocio will ensure its clients keep pace with the competitive broking and trading sectors. Wael Salem, CEO of Tradesocio commented: We are very excited about this partnership which combines a complete, front-to-back-end fintech solution from Tradesocio with FXCM’s state-of-the-art liquidity offering and risk tools. This partnership will enable brokerage firms, investment…

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Integral reports
July 06, 2020 BY Steffy Bogdanova

Integral volumes up by 8% MoM with $35.1 billion ADV for June

The Integral platform reaches varied and comprehensive a set of FX products and participants as Integral OCX. OCX is cross connected with over 250 liquidity sources that supply over 3,000 market making steams in NY4, LD4, and TY3. OCX’s market design delivers execution performance by combining resting limit orders, market-making streams and midpoint interest in a…

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fintech
May 27, 2020 BY Steffy Bogdanova

South Korea’s fintech sandbox raises $110 million funding

The regulator has reported that 36 fintech services have launched through the sandbox after close monitoring for a year. Another 66 services are finishing their final stages, expected to go live sometime in 2021. The $110 million raised in venture capital through the sandbox was brought by 16 of the 54 fintechs in the programme.…

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