The problem lies in the competitive environment and high cost of acquisition facing brokers today. The solution lies in automation according to OSYSTEMS’ COO and Advocate Keith Isaac.
Cyprus’ new role as a FinTech center is highlighted by companies like Radius FinTech.
Live: CySec Chairman Demetra Kalogerou goes ballistic, gets executives of Cyprus FX firms in a room and absolutely lambasts them
CySec Chairman Demetra Kalogerou dresses down the entire retail FX industry on the island, telling executives that she does not like IBs, wants to outlaw call centers and has drastic changes ahead, delivered in a powerful and extremely assertive manner
Cyprus’ institutional evolution: Regtech, fintech and global trade reporting becoming Cypriot FX mainstay
“With all these upcoming regulations, all these continuously updating regulatory frameworks, my personal opinion is that the only way that counterparties and financial institutions can cope with this is by automation and by technology”, says Point Nine’s Andrea Peratitis.
Cyprus will request that the investment firm has authorization in the third country.
Why is BDSWISS allowed to continue to pretend to be a Swiss company when actually it is a CySec licensed binary options, CFD and OTC FX broker operating a b-book? Misleading advertising is one thing, pretending to be a Swiss firm is much more serious
Cyprus is a global center of institutional regulatory and market infrastructure evolution: In-depth report from Limassol
Cyprus has become a pinnacle of high quality electronic markets prowess and is now attracting dialog from regulatory technology firms with large listed derivatives giants of Chicago, Tier 1 banks of Germany, global execution solutions stalwarts and government leaders alike. FinanceFeeds exclusively details Cyprus’ elevation on the world stage
The coincidentally named STP in Cyprus will likely pave the way toward a future of advanced financial technology for Cyprus
Recruiting in Cyprus- a retail broker’s perspective: FinanceFeeds talks to Merav Ziv Dagan from FXGlobe
FinanceFeeds meets with Merav Ziv Dagan, HR Manager at FXGlobe, to discuss what recruiting in 2017 is like in Cyprus as the company expands rapidly.
In such an online, highly technologically advanced industry as ours, the ability for senior executives to socialize and meet with…
The French regulator urges traders to contact the broker and the Cypriot regulator.
Irony in action at CySec: BDSWISS settles with regulator for misleading marketing, but allowed to call themselves Swiss and display Swiss flag
Whilst CySec points the finger at BDSWISS for misleading marketing material, what about pretending to be Swiss, using the Swiss flag, and calling themselves a bank?
Massive loophole: If Israeli government bans all binary options activities, here is where they will go
Cutting and running is one thing. That is usually what orchestrators of scams do when the heat gets too high. However, outsourcing operations to a call center and sales firm that specializes in this industry, overseas, may allow them to carry on and circumvent any new laws.
Following the closure of its operations, one of the largest binary options brands in the world has now renounced its CySec license
MAP FinTech confirms exclusive EMIR reporting contract with vast majority of CySec-licensed firms – FinanceFeeds Exclusive
Despite the presence of many regulatory technology firms with EMIR reporting systems to offer, MAP FinTech now has the vast majority of EMIR-reporting firms with CySec licenses on its books
Breaking: CySec issues document instructing FX and binary firms to desist from offering deposit bonuses
Demetra Kalogerou, Chairman of CySec has issued a letter expressing her interest to ensure that FX and binary options firms desist from offering deposit bonuses, and takes a very conservative approach to leverage in OTC FX products.
Exclusive: ACFX website goes offline with company owing its IBs and customers a fortune – But where is CySec?
ACFX began restricting withdrawals to IBs and retail customers in April this year, and since then the entire management team fled. Now the website is offline with hundreds of thousands owed to customers, but CySec remains quiet the whole time. We detail our entire in depth investigation
If even Belize will not license firms with a history of malintent, why does Cyprus continue to entertain them? – Op Ed
A comprehensive look at the actions of other jurisdictions with regard to nefarious binary brands and retail B-bookers that have a less than enviable history, and how CySec continues to uphold their licenses as Belize cans the license of Banc de Binary.
Exclusive: Angry X-Trade customers arrive in Cyprus, commence hunger strike and media campaign alleging manipulation and theft of funds
In Limassol, Cyprus, a placard has been erected accusing X-Trade of stealing 40,000 Euros from a client, with the client claiming that he has proof of manipulation. We photograph the protest and the man behind it. X-Trade reacted by calling the police, citing defamation. Police are now investigating.