Wise shares boosted by Standard Chartered FX deal Fintech Wise has struck a deal with Standard Chartered for the lender to use its foreign exchange infrastructure for multi-currency money transfers in Asia and the Middle East. The partnership will see the emerging markets-focused bank integrate Wise’s tech to offer money transfers in 21 currencies. Wise’s share price rose 8.5 per cent in London on [...]
CAB Payments posts slump in profit as currency shifts drag down earnings Banking Fintech CAB Payments has reported a slump in profit for first half of 2024 as currency shifts continued to weigh on its earnings.
CAB Payments partners with Visa to boost emerging markets service Banking Fintech CAB Payments has struck a deal with Visa designed to boost its services across emerging markets.
Former deputy mayor shared in £750,000 dividend from RationalFX as staff were laid off July 17, 2024 The former deputy mayor of London shared in a £750,000 dividend from his now-collapsed foreign-exchange firm while scores of the company’s staff were laid off through the pandemic, City A.M. can reveal.
Wise books another quarter of strong growth as firm rolls out new partnership in Brazil July 16, 2024 Overall, the group said underlying income for the three-month period grew 22 per cent year-on-year to £325.4m. Deposit balances expanded 23 per cent year-on-year, while "card and other revenue growth" came in at 55 per cent.
Fintech Argentex sees ‘encouraging’ trading environment as strategy shift continues July 9, 2024 In a trading update covering the first half of the year, Argentex said that it expects to report revenue of around £23.9m for the first half.
Labour candidate’s failed FX firm held £2.7m for company embroiled in bribery scandal June 27, 2024 The collapsed foreign exchange (FX) firm owned by Labour candidate and former deputy mayor of London, Rajesh Agrawal, was holding millions of pounds in cash for a Maltese company linked with a bribery scheme, City A.M. can reveal.
Augmentum Fintech backs new FX trading platform June 25, 2024 Augmentum Fintech has built up a multimillion pound stake in London-based peer-to-bank FX trading platform LoopFX.
Former deputy mayor’s failed FX firm named in Natwest ‘bin bags of cash’ probe June 20, 2024 The collapsed foreign exchange firm founded by the former deputy mayor of London was used in an alleged £365m money laundering scheme while he was chief executive, City A.M. can reveal.