<p>Digital banking startup Revolut has defied the odds in a turbulent year for financial technology companies. The London-based firm is on track to generate over $2 billion in revenue for 2022, according to leaked financial documents seen by Bloomberg.</p><p>This represents astonishing growth for the company. Revolut's monthl
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Regulators on High Alert: FCA, SFC, and FSC Issue New Warnings
<p>Although the holiday and New Year's break is just around the corner, financial market regulators remain exceptionally active. This can be seen in the number of warnings published by popular watchdogs.</p><p>During today's (Wednesday) session, the warning list was updated by the UK Financial Conduct Authority (FCA), th
INFINOX Embracing the future of Funding with EMIs: Faster, Easier, Better
<p>INFINOX, a leading global online trading provider, is expanding its payment options to include Electronic Money Institutions (EMIs). This move, strategically timed as 2023 nears its conclusion, is designed to offer clients a secure, convenient, and globally accessible alternative to traditional bank transfers. Recognizing the evolving need
IRS to Grant $1 Billion Amnesty for Back Taxes
<p>In a surprising twist, the IRS is playing at being Santa, announcing a generous move to forgive penalties on back taxes for 2020 and 2021. If your tax evasion sins amount to less than $100,000 per year, rejoice – the IRS is here to sprinkle its benevolence upon you.</p><p>The IRS's Magnanimous Gesture: Wiping the Slate [&h
Office Jargon – The U.S.’s Most Hated Words
<p>In the entangled web of office </p><p>, corporate slang emerges as both the hero and villain of our professional lives. </p><p>A recent study by language-learning platform <a href="https://preply.com/">PReply</a>, takes a closer look at the linguistic landscape of the modern office, unveiling t
Rebranded CFDs Brokers: The Daunting Task of Rebuilding SEO
<p>"It was important to ensure that the new website was SEO optimized," Melissa Downes, the Global Head of Marketing at 26 Degrees, said pointing out at the challenges of SEO after rebranding. Rebranding of a brokerage brand is a herculean task. In the first part of the series Finance Magnates explored the rebranding strategies and
Ripple's Subsidiary Receives Official Recognition from Central Bank of Ireland
<p>The Central Bank of Ireland has officially recognized Ripple, the company behind the cryptocurrency XRP, by including its Irish subsidiary, Ripple Markets Ireland Limited, in the list of registered Virtual Asset Service Providers (VASP).</p><p>Ireland Embraces Ripple: Central Bank Approval for VASP Status</p><p>Ripp
Admirals Chooses Onfido to Streamline Client Verification
<p>In an effort to improve its client onboarding process across Europe, Admirals has partnered with the identity verification provider Onfido. The collaboration will allow Admirals' online investment platform, Admiral Markets Cyprus Ltd, to streamline onboarding and account creation for clients in over 25 European countries. </p>&l
Industry Whiz? Try Our Grand Retail Trading News Quiz
<p>Retail trading enthusiasts. Another year has passed, and another pile of regulatory announcements has been ignored or forgotten. New brokerages emerged and disappeared in the blink of an eye, facing the harsh realities of the market. Even CFD executives, despite their resilient profits, had to deal with some challenges and controversies. &
AI in Finance: bunq Launches Chatbot for Handling User Queries
<p dir="ltr">Dutch neobank bunq has dived into the artificial intelligence (AI) frenzy by launching a generative AI chatbot named Finn. The fintech users can answer personalized queries on the users' personal finances. It can involve finance planning, better budgeting, and search for specific transactions. The AI will also help