Tagged: license

Navro, the Fintech Enabling Global Payments, Now Authorized by Central Bank of Ireland as EMI

Navro – the Fintech previously known as Paytrix that supports international payments for global businesses – reveals that it has been authorized by the Central Bank of Ireland as an Electronic Money Institution (EMI). As per the terms of the license, businesses with international plans… Read More

Paxos Receives Preliminary MAS Digital Services Approval in Singapore

Paxos, a blockchain infrastructure platform, announced it has received in-principle approval from the Monetary Authority of Singapore (MAS) to operate digital payments token services under the Payment Services Act 2019. With this license, Paxos becomes one of the first blockchain services providers to meet the highest standard… Read More

New York State Department of Financial Services Grants BitLicense to Bakkt

  New York Financial Services Superintendent Linda A. Lacewell announced on Thursday the New York State Department of Financial Services (DFS) has approved the application of Bakkt Marketplace, LLC, a wholly-owned subsidiary of Bakkt Holdings, LLC, for virtual currency and money transmitter licenses. According to… Read More

Fountainhead Signs Deal to License Biz2X SBA Platform for Paycheck Protection Program Loans & Other SBA Programs

Small Business Administration (SBA) lender Fountainhead recently announced it has signed a new deal to license Bix2X SBA platform for Paycheck Protection Program loans, as well as other SBA programs. Founded in 2015, Fountainhead describes itself as a nationwide direct lender specializing in SBA 504,… Read More

UK Insurtech Zego Secures Broking License From Dutch Regulator AFM

  Zego, a UK-based insurtech, recently announced it has received a European broking license as part of its plans to expand throughout Europe. The company revealed that the license, which was award but the Dutch regulator AFM, will enable it to work with EU-based insurance… Read More

Payment Service Provider PingPong Payments Secures E-Money License in Luxembourg

PingPong Payments, a payment service provider for e-commerce sellers, announced on Wednesday it has received its authorization as an Electronic Money Institution (EMI) by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. Founded in 2015, PingPong stated that its mission of helping global… Read More

SBA Approved Non-Bank Lender ACAP Signs Deal With Biz2Credit For License PPP Forgiveness Platform

ACAP, an SBA-approved non-bank lender and national loan aggregator of Paycheck Protection Program (PPP) loans, announced on Wednesday it has signed a new deal with Biz2Credit to utilize the Biz2X PPP Forgiveness Platform. ACAP reputed that it and its servicing team The Loan Source will… Read More

TransferMate Announces Expansion of North American Regulation With New Mexico License Approval

TransferMate, a cross-border B2B payments technology solution, announced on Thursday it scored a significant boost to its international footprint, securing a new payments license in Mexico. According to TransferMate, the license marks a major milestone on the platform’s global growth journey. Founded in 2008, TransferMate… Read More

Kraken Subsidiary & European Cryptocurrency Exchange Crypto Facilities Obtains Multilateral Trading Facility License from UK’s Financial Conduct Authority

Crypto Facilities, a subsidiary of Kraken and European cryptocurrency exchange, announced on Monday it has obtained a Multilateral Trading Facility (MTF) license from the UK’s Financial Conduct Authority (FCA). Crypto Facilities reported with this new license, it will be able to expand its product range… Read More

Neobank Sogexia Granted Payment Institution License By the Minister of Finances of Luxembourg

Neobanking group Sogexia announced on Monday it has been granted its payment institution license by the Minister of Finances of Luxembourg. The company reported that since 2010 it has been providing to both consumers and corporates the ability to open a payment account in a… Read More

Chinese Fintech FinVolution Receives Technology & Information Based Financial Lending Institution License From Financial Services Authority of Indonesia

FinVolution Group, a China-based fintech that connects underserved individual borrows with financial institutions, announced on Monday it received a license for Technology and Information-Based Financial Lending Institution (peer-to-peer lending license) from the Financial Services Authority of Indonesia.  As previously reported, FinVolution claims to be a pioneer… Read More

Payment Processor Checkout.com Receives E-Money Institution License in France

Checkout.com, a global payment solutions provider based in the UK, announced on Wednesday has been awarded its E-Money Institution license in France by the Autorité de Contrôle Prudentiel et de Résolution (ACPR). Checkout.com reported that with the license it will be able to issue, manage… Read More

Bitstamp Granted Virtual Currency License By New York’s Department of Financial Services

Bitstamp, a Luxembourg based crypto exchanged, has received a virtual currency license from the New York Department of Financial Services (DFS). DFS reported that it has authorized Bitstamp USA to offer services providing its customers with the ability to buy and sell bitcoin, along with select… Read More

B2BX Cryptocurrency Exchange Receives Full Regulatory Approval in Estonia

B2BX Exchange, a professional digital asset trading platform, announced on Monday it has received approval for a regulatory license from the Estonian Financial Intelligence Unit (FIU). B2BX, which is part of the B2Broker group of companies, reported that the license means it will be able to… Read More

Unikrn Announces New Isle of Man License That Will Approve Crypto & Live Betting Platform in Esports & Gaming

Unikrn, an esports brand and creators of UnikoinGold (UKG), announced on Tuesday the rollout of its Isle of Man license, which will approve what it claims to be the first crypto and live betting platform in esports and gaming. According to Unikrn, the rollout of the license will… Read More

Grab Receives E-Money License For Mobile Wallet Service in Philippines

Singapore-based ride-hailing company Grab has reportedly secured an e-money license for mobile wallet service in the Philippines.  This news comes just a few months after Grab announced it has teamed up with Malayan Banking Bhd (Maybank) to launch a new cashless payment method known as the GrabPay… Read More

Square’s Cash App Scores BitLicense in New York

On Monday, payments platform Square announced it has secured a virtual currency license from the New York State Department of Financial Services office. The company reported it is fully launched with the ability to buy and sell bitcoin through its mobile Cash app earlier this year… Read More

Standard Chartered Announces Plans to Apply For Virtual Banking License in Hong Kong

Hong Kong City

Standard Chartered recently announced it is planning to apply for a virtual banking license in Hong Kong. According to South China Morning Post, Standard Chartered will be the first traditional bank to seek the license locally to operate fully online without any physical branches. Standard… Read More

Crowdfunding Platform FundTier Receives Capital Market Services License from the MAS

Singapore at Night Marina Bay

Singapore-based FundTier announced on Thursday it has received a Capital Market Services (CMS) license from the Monetary Authority of Singapore (MAS). Co-founder of the funding portal Max Ho revealed to the Business Times that with the new license it will be able to reach out… Read More

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