Fintech company Sezzle Inc. (ASX:SZL) announces a workforce reduction expected to result in approximately US$10.0 million of annual run-rate cost savings (i.e., salaries and benefits). The workforce reduction will occur across nearly all business operations to streamline reporting structures and create clearer lines of accountability. “Sezzle has experienced significant growth in its history and is…
Italy’s Companies and Exchange Commission (CONSOB) has ordered the blackout of six new websites that abusively offer financial services. The websites targeted by the latest set of orders are: FT Global Financial Ltd (website https://empirefxm.com and related page https://my.empirefxm.com); Eudaimon Consultind LLC (websites https://tradingtech.io and https://aceinvesting.io); “Cornerfxtrade24” (website https://cornerfxtrade24.co and related page https://client.cornerfxtrade24.co); CryptoIFX Ltd…
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Abu Dhabi-based Retail FX and CFDs broker ADSS has announced that it has hired Sophia Salim as the company’s new Chief Product and Innovation Officer. ADSS said that the hire complements a series of key senior executive hires over the past 12 months that will support the firm’s ambitious strategy to expand its retail and…
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UK financial regulator FCA has announced that it has warned operators of crypto ATMs in the UK to shut their machines down or face enforcement action. Crypto ATMs offering cryptoasset exchange services in the UK must be registered with the regulator, and must comply with UK Money Laundering Regulations (MLR). None of the cryptoasset firms…
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Online broker eToro is changing the pricing model for crypto trading. The company explains that its clients communicated to it that they were dissatisfied with its crypto prices. As a result of this, eToro decided to take action to make the costs of trading cryptoassets on eToro more transparent. By changing the pricing model for…
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CySEC licensed Retail FX and CFDs broker RoboMarkets has extended its sports sponsorship portfolio, announcing a new partnership with German Bundesliga football club Eintracht Frankfurt. The agreement between RoboMarkets and Eintracht Frankfurt, whose main “shirt” sponsor is the Indeed job search site, came into effect this year and is valid until the end of the…
The European Securities and Markets Authority (ESMA) today announced a set of recommendations to the Cyprus Securities and Exchange Commission (CySEC), the first time ESMA has issued such recommendations to a National Competent Authority (NCA). The recommendations refer to several aspects of the supervisory cycle, encompassing ongoing supervision, investigations and enforcement / sanctioning. The aim…
LTX, Broadridge Financial Solutions, Inc.’s artificial intelligence (AI)-driven digital trading platform, has completed a successful integration with the Charles River Investment Management Solution (Charles River IMS). The complete integration enables Charles River’s order and execution management system (OEMS) users to better access aggregated liquidity and leverage transparency and price discovery within their existing workflows through…
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Mogo Inc. (NASDAQ:MOGO), a digital payments and financial technology company, today announced that Allan Smith, a recent addition to Mogo’s executive team, has been appointed Head of Carta Worldwide, Mogo’s digital payments subsidiary. Allan Smith
StoneX Financial Inc., a subsidiary of StoneX Group Inc. (NASDAQ:SNEX), today announced the launch of Farm Advantage, a free smartphone app aimed at agriculture producers in areas of row crops, livestock and dairy. The app allows them to market what they produce, manage their risk, maximize margins and grow their business – all from the…
