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Submitted 01/02/2021 - 9:23am Luxembourg’s economic stability and the expertise available in its specialised eco-system continues to attract global financial firms, amidst the Covid-19 pandemic, with 82 new entities being licensed to operate by the country’s two financial regulators during 2020. The Grand Duchy saw licences granted to five new banks, 11 new Management Companies, four new investment firms, four reinsurers and others such as support PFS and specialised PFS institutions, payment institutions and e-money institutions. Luxembourg continues to be particularly attractive for alt...

Open Banking Services being Used by Over 2.5 Million UK Consumers and Businesses to Complete Payments: Report January 30, 2021 @ 8:07 pm By Omar Faridi Banking Circle, a financial infrastructure developer, notes that only a month into the new year, and partnerships are already beginning to emerge as “a strong theme underpinning the future of the industry.” Banking Circle also confirmed that they’ve teamed up with global provider of local payments infrastructure, PPRO. Banking Circle is now working closely with PPRO, which recently managed to achieve Unicorn status (valued at $1 billion ...

Financial infrastructure developer Banking Circle reveals that direct debit has facilitated 78 million payments, valued at £1.3 trillion.

Direct debit: . ⭐ Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.

Five acquitted in money laundering case Dawn 22/12/2020 Dawn A special tribunal (foreign exchange regulation) has acquitted five employees of a privately-owned currency exchange company charged by the Federal Investigation Agency with launching money and illegally possessing foreign currency notes. Additional sessions judge Shahid Mahmood accepted an application of the five accused under Section 265-K of the Code of Criminal Procedure, which empowers the trial court to acquit an accused before the conclusion of a trial when there is no probability of his conviction on the ba...