Category: Financial Services

Admiral Markets continues investing in FinTech, this time in the Bankish company
March 22, 2019 BY Valentina Kirilova

Admiral Markets continues investing in FinTech

International financial services company Admiral Markets AS just announced that it has made an investment of €150,000 in the Estonian fintech company Bankish.  Admiral Markets has already made the first step in fintech, investing in crowdfunding platform Fundwise back in October 2018. Sergei Bogatenkov, Chairman of the Management Board of Admiral Markets AS, commented: This partnership…

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Match-Trade launches a Partnership Program
March 21, 2019 BY Valentina Kirilova

Backpack collaborates with Praxis Cashier to launch Backpack Pay

Backpack, a comprehensive SaaS back office solution, today officially launched Backpack Pay, a smart payments software for accepting payments. The new product was developed in conjunction with Praxis Cashier Systems Ltd, a payments software solutions providers serving fintech companies. Backpack is known as a comprehensive SaaS platform for back office operations and offers a portfolio…

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LMAX Exchange Group announces record interim results 2019
March 21, 2019 BY Valentina Kirilova

LMAX Exchange Group announces excellent growth in 2018

LMAX Exchange Group's 2018 financials report has just gone out, releasing excellent growth and record financial performance for the year ended 31st December 2018. 2018 financial highlights include: Gross Revenues of US$50m, up 27% from 2017 Gross Profit of US$45m, up 35% from 2017 Statutory EBITDA of US$18.6m, up 62% from 2017 Operating Profit of…

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clone firm FCA warning
March 20, 2019 BY Valentina Kirilova

FCA warns against Priv Invest clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Priv Invest. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…

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fca warning
March 19, 2019 BY Valentina Kirilova

FCA warns against NB International firm

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 NB International. NB International is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…

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fca fine
March 19, 2019 BY Valentina Kirilova

UBS AG fined £27.6m by the UK FCA

Swiss multinational investment bank and financial services company UBS AG has been fined £27,599,400 by the UK financial regulator the Financial Conduct Authority (FCA). The company failed relating to 135.8 million transaction reports between November 2007 and May 2017. Mark Steward, FCA Executive Director of Enforcement and Market Oversight said: Firms must have proper systems…

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clone firm FCA warning
March 19, 2019 BY Valentina Kirilova

FCA warns against Terium Gestium clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Terium Gestium. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…

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fca warning clone firm
March 19, 2019 BY Valentina Kirilova

FCA warns against Sucden Financial clone firm

The UK Financial Conduct Authority (FCA) has put out details of the cloned firm Sucden Financial. Fraudsters are using the details of firms, authorised by the FCA, to try to convince people that they work for a genuine, authorised firm. Fraudsters are using or giving out the following details as part of their tactics to…

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