San Francisco and Dublin based Stripe, which builds payment infrastructure for the internet, has announced a major expansion of its presence in Canada. Stripe will soon open an office in downtown Toronto, Ontario—its first in the country—and has launched four new products in Canada: Stripe Tax, Pre-Authorized Debits, faster payouts, and a new smart reader…
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FNG Exclusive… FNG has learned that Finalto has promoted longtime employee Stanislav Bunimovich to the position of Chief Operating Officer – B2B. He has also been added to the board of Finalto Financial Services Limited, the FCA licensed arm of the company. Finalto, the Financials arm of online gaming tech company Playtech (LON:PTEC), comprises both…
Read More “Exclusive: Finalto promotes Stanislav Bunimovich to COO of B2B business” »
FNG Exclusive… FNG has learned that global Retail FX and CFDs broker Pepperstone has paved its way for continued success in the Middle East, with the recent appointment of Alexander Kolpokchi as head of their DFSA entity in Dubai. Alex Kolpokchi, having been promoted from his former position as Head of Sales, confirms: “I’m excited…
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The U.S. Commodity Futures Trading Commission (CFTC) has announced that it has filed and simultaneously settled charges against Interactive Brokers LLC, a registered futures commission merchant, for failing to diligently supervise the handling of its customer accounts by not adequately preparing and configuring its electronic trading system to receive negative prices and calculate margin on…
Read More “Interactive Brokers hit with $84M in fines/restitution over negative crude prices” »
The United States Commodity Futures Trading Commission (CFTC) on Tuesday issued an order filing and settling charges against respondent Payward Ventures, Inc. d/b/a Kraken for illegally offering margined retail commodity transactions in digital assets, including Bitcoin, and failing to register as a futures commission merchant (FCM). The order requires Kraken to pay a $1.25 million…
Read More “CFTC orders Kraken to pay $1.25M fine for illegal digital asset trading” »
Forex broker tech solutions specialist Gold-i has announced that it has restructured its development team, creating two new senior development roles as part of its growth strategy, both reporting into Chris James, Gold-i’s CTO. Dr Syed Ashar Akhtar (pictured above) has been promoted to Head of Development, with responsibility for the development of all products…
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Options, a provider of managed trading infrastructure and connectivity to the global capital markets, has today announced the opening of a Toronto office. As Options continues to increase its client base across Canada, locating in Toronto provides a strong foothold for the company to develop and deepen its support for clients across regional Canadian markets….
Mastercard today unveiled Mastercard Installments, a unique and innovative Buy Now, Pay Later (BNPL) program that delivers greater choice at checkout, both in-store and online. Mastercard Installments uses the power of the company’s trusted network to make BNPL available to millions of consumers and merchants worldwide. It enables banks, lenders, fintechs, and wallets to offer…
IHS Markit Ltd (NYSE:INFO), a world leader in critical information, analytics and solutions, today reported results for the third quarter ended August 31, 2021. Revenue for the period amounted to $1.181 billion, with 9 percent total organic revenue growth. Net income totalled $161 million and diluted earnings per share (EPS) amounted to $0.40. The company…
Read More “IHS Markit registers 10% rise in fin services revenues in Q3 2021” »
Schroders today announces it has strengthened its Fiduciary Management (FM) team, with the appointment of a specialist business development director to help meet clients’ outsourcing investment objectives. David Thomas has joined from Goldman Sachs Asset Management (GSAM) as Fiduciary Management Business Development Director. He was most recently a VP in GSAM’s UK & Irish Institutional…
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