Leading fintech provider PrimeXM accelerates growth with new London office

London’s Square Mile is the world’s most important financial district, and therefore is the leading center for institutional, interbank and retail financial technology. This week, here in the Capital, PrimeXM has established an office showcasing its vision for growth

PrimeXM has set up a new office in the city of London as part of its strategy to expand its offering and to be closer to clients in the region. This is PrimeXM’s fifth office globally, following an already established presence in the strategic locations of Dubai, Limassol, Hong Kong and Shanghai.

A hands-on presence in London is the next logical move for PrimeXM as it will make catering to its existing and rapidly increasing client base more efficient.

The new office is located in the heart of London and will be a key service centre for the company, servicing clients in the city and further afield. The office will also be a focal point for business development.

Matthew Best, PrimeXM’s Head of Client Services, who is based in London said, “The new London office showcases PrimeXM’s vision for growth. The company is rapidly expanding and we now have another physical presence in a key strategic location. With the new office in London we are hoping to get closer to clients located in Europe and to offer them an even better level of service”.

This is one of the many impending developments the company is planning as part of its strategy to accelerate growth and establish its presence as the leading technology provider in the finance industry.

Read this next

Uncategorized

US and South Korea seek extradition of Luna founder Do Kwon

Both US and South Korean officials are seeking to extradite Terraform Labs CEO Do Kwon, just hours after he was arrested in Montenegro.

Retail FX

Pepperstone UK doubles profit, client assets in 2022

The London-based entity of Australian FX broker Pepperstone has reported its financials for the fiscal year ending June 30, 2022. The group had outperformed the last year’s flat performance, having doubled revenues and boosted the broker’s bottom line and shareholders’ fortunes.

Institutional FX

CLS FX volume rises to just shy of $2 trillion in February

Foreign exchange settlement provider, CLS Group saw strong volumes in February 2023 as the banking crisis continues to weigh on a world economy that’s yet to fully recover from the Russia-Ukraine war’s shocks.

Digital Assets

Binance restores trading after 2-hour outage

Binance suffered a breakdown on its trading engine that lasted for about two hours, but the premier cryptocurrency exchange finally managed to restore normal operations at around 14:00 UTC.

Digital Assets

Tether earns $700 million in Q1, taking excess reserves to $1.6 billion

Tether chief technology officer Paolo Ardoino said the world’s largest stablecoin issuer expects to earn more than $700 million in the January-Mach quarter, which will be added to the reserve backing its stablecoin (USDT).

Digital Assets

Narwhal Finance Secures $1M in Seed Funding Led by Animoca Ventures

Narwhal Finance received strong support from Animoca Ventures and angel investors in a $1 million seed funding round, reinforcing the company’s vision of providing an accessible platform to all.

Technology

SteelEye tries ChatGPT for market surveillance

This capability can be used as a starting point for initiating a surveillance investigation and to standardize workflow processes to boost the throughput and consistency of cases. It is also useful when analyzing communications in foreign languages, as the system returns the above insights in English regardless of the languages being used.

Industry News

SEC charges ex-Morgan Stanley advisor of NBA players after $13m fraud

Darryl Matthew Cohen was arrested this week and is facing three different federal counts of fraud, which could amount to 20 years in prison if convicted, besides the SEC complaint. 

Industry News

AWS FinTech Africa Accelerator launched, applications until April 27, 2023

Founders will be offered tech resources, expert guidance, and a global network of industry leaders, technologists, entrepreneurs, investors, associations, and partners, in order to build their fintech products. 

<