The Role Of ITAD In Fintech IT Asset Management
<p>Information Technology Asset Disposal (ITAD) is the process of disposing of outdated or obsolete electronic equipment in a responsible and secure manner. It is an important part of any fintech...
View ArticleBroadridge Signs Multi-Year Contract Extension with IGM Financial
<p>Broadridge Financial Solutions (<a href="https://www.financemagnates.com/tag/broadridge/" target="_blank" rel="follow">NYSE:BR</a>), a US-headquartered <a...
View ArticleWise Reports 80% Income Jump and Record User Base in Q3 FY23
<p> Wise plc (formerly <a href="https://www.financemagnates.com/tag/wise-platform/" target="_blank" rel="follow">Transferwise</a>) reported an 80% increase in total income for three...
View ArticlePayment Firm Boku Expects a 9% YoY Revenue Jump in H2 2022
<p>Boku (AIM: BOKU), a <a href="https://www.financemagnates.com/fintech/payments/instant-payments-the-ultimate-guide/" target="_blank" rel="follow">payments platform</a>, released a...
View ArticleEquals Posts 43% H2 2022 Revenue Uptick
<p>Equals (AIM:EQLS), a provider of payment solutions to SMEs, is expecting to close the second half of 2022 with a revenue of £38.3 million, which is a <a...
View ArticleRevolut Postpones Its Native Crypto Push after FTX Collapse
<p>Revolut, a London-headquartered <a href="https://www.financemagnates.com/tag/neobanks/" target="_blank" rel="follow">challenger bank</a>, has delayed the launch of its native...
View ArticleRetail Investors Confident about Portfolio despite 2022 Bear Market
<p>A majority of retail investors (69%) are feeling confident about their investment portfolio despite the prolonged bear market that troubled financial markets in 2022. This comes as more...
View ArticlePerpetual KYC in Fintechs: Is It Worth It?
<p class="MsoNormal">For fintechs, if customer behavior is constantly changing, so should risk profiles adapt through Ongoing Customer Due Diligence. Perpetual KYC is a way of keeping up with new...
View ArticleHow Fintech Accelerates the Growth of Numerous Industries
<p>A good business cannot exist without profits, and the foundation of profits is a secure and convenient payment mechanism. If a company cannot make and receive payments on time, it will be...
View ArticleFintech Plum Expands European Footprint by Entering 5 New Countries
<p>Plum Fintech Limited, trading as Plum, has expanded its footprint in Europe by launching services in five countries: Italy, Portugal, the Netherlands, Greece, and Cyprus. The platform is...
View ArticleFive Directors Buy 1.89% Stake in Cornerstone amidst Revenue Boost
<p>Five directors of Cornerstone FS PLC, a cloud-based provider of global <a href="https://www.financemagnates.com/terms/p/payments/" class="terms__secondary-term"...
View Article8 AML Guidelines Every Compliance Team Should Be Using
<p class="MsoNormal">Many compliance teams may find that AML or anti-money laundering detection rules aren’t straightforward in their application.</p><p class="MsoNormal">This happens...
View ArticleCySEC Investment Managers’ AUM Drops 7.2% to €9.9 Billion in Q3 2022
<p>The assets under management (AUM) of investment management firms supervised by the Cyprus Securities and Exchange Commission (CySEC) reached €9.9 billion during Q3 2022. This represents a...
View ArticleIs the Online Gaming Industry an AML nightmare?
<p class="MsoNormal">As financial crime and money laundering strategies become more sophisticated so <a...
View ArticleFCA Investigates 3 Money Transfer Firms for Possible Unfair Competition
<p>The United Kingdom’s <a href="https://www.financemagnates.com/terms/f/financial-conduct-authority-fca/" class="terms__main-term" id="4c85a54d-15e0-4e44-a214-8c55f71cb286"...
View ArticlePlaytech Expects to Close FY22 with at Least €400M EBITDA
<p>Playtech (LON: PTEC) released a trading update on Thursday, revealing its expectations to end the financial year 2022 with at least €400 million in adjusted EBITDA. The expected figure is 26...
View ArticleMorgan Stanley Fines Employees Up to $1M for Messaging Breaches
<p>Morgan Stanley, a New York-based global investment bank, has penalized some of its employees with fines ranging between a few thousand dollars to over $1 million for using messaging platforms...
View ArticleWhat is Fintech as a Service (FaaS)?
<p class="MsoNormal">Fintech as a service (FaaS) is not a new designation or trend. Fintech is an umbrella term for financial technology which in essence refers to any software app tailored...
View ArticleStartup Atlantic Money Accuses UK Fintech Wise of Targeting Its Business
<p>Atlantic Money, a UK money transfer service startup, has accused fintech company Wise (formerly TransferWise) of stifling fair competition by yanking it off its price comparison sites. The...
View ArticleING Taps Worldline for Multiyear Deal in Cards Issuing
<p>ING Bank N.V., the Dutch international bank, has announced a new multiyear agreement with the payment services company Worldline to handle credit and debit card processing and...
View Article