Cyprus market - FinTecBuzz

FP Markets Wins Best Trading – Africa at FAME 2024

PRNewswireJune 6, 20245 min

FP Markets continues to solidify its position as a leading force in the Forex and CFDs industry, having recently been awarded ‘Best Trading Experience – Africa‘ at this year’s Financial Achievements in Markets Excellency (FAME) Awards. This follows their ‘Best CFD Broker in Africa‘ recognition at the 2023 FAME Awards, cementing the broker’s strategic geographical expansion. The FAME ceremony was held at the prestigious Sandton Convention Centre in Sandton, South Africa, following the end of the first day of the Finance Magnates Africa...

Payments

Trust Payments announces expansion to Cyprus

PRNewswireJanuary 28, 20224 min

Trust Payments, the disruptive leader in fintech specialising in frictionless payments and value-added services for SMEs, is delighted to announce the opening of its Cyprus office. The new office accelerates Trust Payments’ continued growth, enabling the organisation to build on its extensive list of foreign exchange (forex) clients and partners. Local staff will help to provide customer service and operational support teams to drive unique end-to-end solutions in the sector. Trust Payments will use the new office to...

Banking

Digital Banking Platforms Market worth $13.9 billion by 2026

PRNewswireSeptember 20, 202111 min

According to a new market research report “Digital Banking Platforms Market by Component (Platforms and Services), Banking Type (Retail Banking, Corporate Banking, and Investment Banking), Banking Mode (Online Banking and Mobile Banking), Deployment Type, and Region – Global Forecast to 2026″, published by MarketsandMarkets™, the Digital Banking Platforms Market size is expected to grow USD 8.2 billion in 2021 to USD 13.9 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 11.3% during the forecast period. The Digital Banking Platforms Market...

Insurance

Portag3 Ventures Increases Stake in Hellas Direct

FTB News DeskFebruary 18, 20197 min

Hellas Direct, a Cyprus-based online insurance company, is pleased to announce that Portag3 Ventures (“Portag3”) has increased its equity stake in the company. Led by Paul Desmarais III (Executive Chairman) and Adam Felesky (Chief Executive Officer), Portag3 augmented its investment by buying the minority stake previously held by Third Point LLC. As part of the transaction, Felesky, along with Paris-based Portag3 partner Hélène Falchier, will join Hellas Direct’s Board of Directors. Hélène has recently joined Portag3 from French insurance company CNP Assurances...

Crypto Currencies

Luc Froehlich Joins RAK Digital Assets Oasis, as CCO

GlobeNewswireAugust 26, 20245 min

RAK Digital Assets Oasis (RAK DAO), the world’s first and only Free Zone with Common Law features established to support digital asset companies, is pleased to announce the appointment of Luc Froehlich as its new Chief Commercial Officer (CCO). With a distinguished career spanning digital assets, asset management, and investment banking, Luc Froehlich brings unparalleled expertise to the role, positioning RAK DAO for continued growth and innovation in the rapidly evolving digital assets landscape. Luc...

Risk Management

okoora saves businesses over $3 billion in forex transactions

PRNewswireFebruary 26, 20246 min

Fintech startup okoora announced that it has achieved cumulative savings of more than $3 billion for its customers through international foreign exchange transactions to date. The savings, primarily achieved in 2023, were obtained through the use of the okoora Automated Business Currency Management (ABCM™) integrated cloud platform that manages global payments, transactional banking, and risk management. Founded in 2021, the self-funded Swiss-Israeli startup achieved profitability last year, demonstrating the market potential for its AI-powered hub...

Platforms

iFOREX Europe offers a Comprehensive Package of Trading Tools

PRNewswireOctober 20, 20235 min

The iFOREX Group is a leading global financial group with over 25 years of industry experience. Its European branch, iFOREX Europe, has all the tools to support private trading with 1-on-1 private training in multiple languages, guides & tutorials, and a $5,000 demo account. Also, it has other features on its app to help traders trade on the current market. A spokesperson for iCFD LTD, which operates iFOREX Europe, said: “iFOREX has the tools of the trade, literally, for...

Compliance & Scoring

United States MSB license makes MetaTdex more compliant

PRNewswireNovember 4, 20228 min

On October 24th, Eastern Time, MetaTdex successfully obtained a United States MSB license (Money Services Business), and that will help MetaTdex to further its global compliance strategy. This license is a financial license approved and issued by FinCEN (Financial Crimes Enforcement Agency) a bureau of the U.S. Department of the Treasury. Which allows MetaTdex to conduct digital currency transactions in a safe and compliant process. The Department of the Treasury and the SFO （Securities and Futures...

Payments

Klarpay AG Raises CHF 3M to Accelerate Growth

PRNewswireMay 13, 20226 min

Klarpay AG completes funding round adding payabl. and other major fintech names to its list of strategic investors Swiss fintech Klarpay AG recently announced the completion of its first external financing round, raising CHF 3m. The round was led by established payments institution payabl. which was founded in 2010 with the mission to accelerate technological innovation in the payment services industry and democratise access to global payment solutions. With offices in Frankfurt, London and Cyprus, payabl. now serves a number of high-profile...

Payments

BridgerPay Launches the Self-onboarding Payment Ops Platform

PRNewswireMay 10, 20226 min

$156 trillion will cross international borders in 2022, with cross-border transactions worth up to 41% more than local ones. Businesses have the need to enter new markets, automate payment flows, connect multiple payment providers, and generate data-driven insights. BridgerPay allows any business to connect their website to a PCI Level-1 end-to-end payment operations platform with 500+ ready-made connections. The idea bloomed from Israeli entrepreneur Ran Cohen’s struggles with payment processing in his previous company: “We successfully...

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