Conotoxia fintech’s individual and corporate users can send other people links to pay for a joint restaurant meal, collect funds for a gift, and also, for example, tutoring or goods purchased at a market. The new service is called "Accept payments". Links can be paid for in any of 27 currencies using a wide range of payment methods.

Now not only online shops using Conotoxia Pay have a "payment link" service available for their retail customers. "Accept payments" for both Conotoxia's individual and business users is a fast, convenient and secure way to accept payments from relatives and friends, but also, for example, for small services. Fintech users can generate a payment link in the mobile app or in a customer panel on the website and send it to any number of people by text message, email or any other form of electronic contact.

The link, with a default expiration date of 2 weeks (with the option of unlimited renewal), leads directly to the payment processing. The person who receives the link can choose the payment method and the currency in which they wish to make the payment. The person generating the link will receive funds in the amount and currency they expected. Fintech is working on further development of the "Accept payments" service. Conotoxia will soon present e.g. a novelty regarding defining links validity time.

"Accept payments" can be used in various everyday matters, e.g. when settling a bill by a group of friends in a restaurant, shopping together, collecting funds for a gift, but also accepting payment for tutoring, goods sold at a market or, for example, a plumbing service. People who receive a payment link do not have to be registered at Conotoxia. They can pay in EUR and 26 other currencies using e.g. funds held on the web portal (for free), online fast bank transfers, BLIK, cards (Visa, Mastercard and others), Apple Pay, Google Pay or iDEAL. For more details, see https://conotoxia.com/money-transfer/accept-payments.

Global fintech from Poland, Conotoxia, provides currency exchange, money transfers, online payments, multi-currency cards, multi-currency lending service and investment services.

Bling, the first family-fintech in Europe, establishes a supervisory board consisting of renowned experts in financial education. The aim of the supervisory board is to ensure the quality of existing and new functions and to incorporate educationally valuable content and ideas more strongly into product development.

"When putting together our supervisory board, it was particularly important for us to find selective and experienced professionals with great enthusiasm for family-banking. With our current members, we succeeded perfectly!" - Nils Feigenwinter, Co-Founder & CEO of Bling

As of 1 August 2023, Commerzbank has spun off its Active Asset Management segment as a stand-alone company – Yellowfin Asset Management GmbH. The company is geared to institutional investors, corporate clients, and high-net-worth individuals with managed assets of at least €30 million.
 
As of now, Yellowfin will be one of Commerzbank’s three pillars in the field of asset management, alongside Commerzbank Vermögensverwaltung and Commerz Real.

“Yellowfin is an important element for our further growth in asset management”, says Thomas Schaufler, the board member responsible for Private and Small-Business Customers. “The company unites the very individual relationship management and the short decision-making paths of an investment boutique with the high process quality of Commerzbank.”

The Yellowfin team has been working together highly successfully for ten years already. The Active Asset Management unit was originally established at Commerzbank. In 2019, the business line was taken over by Société Générale in the wake of the sale of the Equity Markets & Commodities (EMC) division. In 2022, the entire team was retrieved by Commerzbank.

“Under the umbrella of Commerzbank, we have found the ideal structure to continue our boutique approach”, says Andreas Neumann, chairman of the management board of Yellowfin Asset Management GmbH. “We can now scale our business to a large degree, and especially so as we can draw on the Bank’s support functions and sales platform. In recent months, we have acquired a number of new clients and significantly increased our volume of managed assets. We intend to continue along this growth path.”

Yellowfin utilises a technical investment approach based on proprietary quantitative models. The investment process also incorporates findings from behavioural finance theory. The assets under management amount to more than €10 billion. The integration of the company into the structures of Commerzbank is a guarantee for the continued high process quality in important areas such as compliance, legal and IT, with the effect that the asset management team can focus in full on its core business.

Capex.com, the global, multi-asset FinTech provider, is delighted to announce the appointment of Paul Turner as the new Executive Director - UAE & MENA Region. With over a decade of experience in the financial services industry, Turner brings a wealth of expertise to lead and enhance Capex's operations across the Middle East. 

He will be reporting directly to Madalina Rotaru, Senior Executive Officer of Key Way Markets LTD, the company operating CAPEX.com in the MENA region. Turner's primary focus will be on continuing the UAE offices growth momentum, while creating and executing business plans that align with the Group's strategic goals in both established and emerging markets.

"We are thrilled to welcome Paul Turner as the new Executive Director for our UAE & MENA Region operations. With his impressive track record and extensive experience in the finance and FinTech industries, I have full confidence that Paul will bring a unique perspective and innovative ideas to the table. I look forward to working closely with him to sustain our business momentum and achieve outstanding outcomes for our esteemed clients, partners and stakeholders," said Madalina Rotaru, Senior Executive Officer of Key Way Markets LTD, the company operating CAPEX.com in the MENA region.

Paul Turner, the newly appointed Executive Director - UAE & MENA Region, expressed his enthusiasm about joining the leading brokerage:

"I am incredibly excited to be part of the Capex Group, an energetic and inventive brokerage firm. By embracing progressive ideas in the financial services sector and prioritizing exceptional client service, we have an exceptional chance to thrive and achieve mutual success. I eagerly anticipate collaborating with a team of highly skilled professionals, whose numbers are expanding consistently, to further enhance the firm's already remarkable accomplishments in the realm of multi-asset trading and FinTech. My objective will be to propel Capex to new and unparalleled levels of achievement."

Over the past decade Turner has held roles including Global Head of Operations, Head of Client Reporting/Transitions and Client Service Delivery & Operations Director. In his new role, he will spearhead Capex's endeavours in the UAE and MENA Region to generate revenue across the Middle East and Africa. This will involve overseeing sales, marketing, business expansion, and customer interactions. Turner will foster close cooperation and partnerships with various departments to establish cohesive and interconnected trading experiences.

Capex is excited to have Paul Turner on board, confident that his expertise and vision will contribute significantly to the brokerage's continued growth and success in the region.

With retroactive effect from 1 January 2023, the shareholders of the international payment service provider (PSP), Computop, are selling 30% of the company shares to the Nexi Group, Milan. Up to now, the company was held by the founders, Frank Arnoldt and Ralf Gladis, with 50% each. The parties have agreed not to disclose the purchase price. The office locations, management team and management responsibilities of Computop remain unchanged.

A capital increase is associated with shareholder expansion. With these additional funds, Computop will expand its range of services in the areas of point-of-sale and e-commerce in the regions covered by Nexi. This will enable the company to process omnichannel transactions for Nexi customers across the board. Computop Paygate is already connected to Nexi systems. The cooperation will allow Computop to offer processing and acquiring from a single source. However, customers will retain the freedom to choose from more than 50 acquirers worldwide for their card business. 

With this participation, the Nexi Group is expanding its possibilities for processing omnichannel transactions in Europe. International customers of Nexi can also use omnichannel solutions in the USA, Canada and Australia via Computop Paygate. In future, Computop will also take on projects for retailers and industrial companies with a need for individual solutions for Nexi customers. In addition, these customers will also benefit from Computop's experience and network outside Europe.

Ralf Gladis, CEO and shareholder of Computop: “With Nexi we have chosen a strong shareholder that supports the further development of Computop in the best possible way. Together, we will be able to improve our high standards of first-class payment solutions and outstanding customer service not just to merchants in Germany, the entire DACH region and Europe, but to our global customer base too.”

“Computop enables Nexi to further strengthen its position in the key growth region of DACH, especially Germany, and in the dynamic e-commerce space. Computop brings unique capabilities in payments with at-scale online and omnichannel payments that can be tailored customer-by-customer for the specific needs of local merchants in Germany and Europe, whether they plan to grow their business within Europe or with locations around the world”, said Omar Haque, Head of Group E-commerce at Nexi.

Carola Wahl, Chief Regional Officer DACH and Country General Manager Germany at Nexi added: “Nexi and Computop are an excellent match. The two companies have a long history of cooperation in the DACH region and know the specifics and needs of the market very well. Our customers and partners will benefit sustainably from Computop's strong omnichannel solution and the international network of the Nexi Group. Together, we will provide added value through a full value chain of payments.”

A standard of excellence in financial services and fintech, the UF AWARDS return to Cyprus, home country of their organiser, Ultimate Fintech, for the Global edition. The UF AWARDS Global 2023 recognise the achievements and continuous contribution of the dominant pioneers of innovation in financial technology and online trading.

Scheduled to take place on 21 September, 2023, the last day of iFX EXPO International, the UF AWARDS Global aim to provide the retail and business sectors with a benchmark of quality, offering a clear picture of the best companies to trade and do business with.

The UF AWARDS Global signify prestige, they instill trust and offer massive brand exposure to an international audience. Those crowned as winners will have their efforts validated, receiving worldwide publicity and exclusive marketing perks.

UF AWARDS Global nominations are now open!

Winning global recognition in the highly competitive fintech arena is one of the most remarkable feats. Revealing new industry leaders with every edition, the UF AWARDS crown the groundbreaking achievements of brokers and fintech providers. The global series will unveil even more up and coming names. So, if you want your brand to stand out from the crowd, it’s time to get nominated!

The most prominent market players will engage in close competition for the ‘Best’ title in each category. The nomination round gives you the opportunity to rise above the competition by nominating your brand in one of the B2B (Fintech Awards) or B2C (Broker Awards) categories available and maximise your chances of winning a globally-recognised UF AWARD.

Claim your spot at the elite’s round table

The UF AWARDS Global 2023 open a new land of opportunities for the best of fintech and finance, starting with:

Broker Awards

• Broker of the Year
• Best Global Broker
• Most Transparent Broker
• Most Trusted Broker
• Best Newcomer Broker
• Best CFD Broker
• Best ECN/STP Broker
• Fastest Growing Broker

Fintech Awards

• Best Trading Platform
• Best Multi-Asset Trading Platform
• Best Social Trading Solution
• Best Crypto Liquidity Provider
• Best All-In-One Brokerage Solution
• Best Connectivity Provider
• Best Risk Management Solution
• And many more

The nominees will be approved based on strict criteria assessing service quality, breadth of product offering and industry know-how. If you’re looking to strengthen your footprint globally, taking part in the UF AWARDS Global 2023 is the best way to achieve it. Browse all categories and nominate your brand before 25 August to secure your place among the winners!

Join the global excitement!

All applications are carefully assessed at the Nomination Stage. To enter the global award race, companies must first fill out the Nomination Form available on the UF AWARDS website. Participants are encouraged to nominate themselves in the categories they excel in.

At a next stage, industry insiders and thought leaders are invited to support their favourite fintech or financial brands by casting their votes. Leaving no room for doubt or bias, Ultimate Fintech has created a public voting system that will be available on the website as of 30 August. To vote for your preferred brand, you must be subscribed and logged in.

Mark your calendars

Are you ready for worldwide acclaim? The UF AWARDS Global 2023 are ready for the taking, so register now and nominate your brand. It's your time to shine! 

Ledgible, the leading digital asset tax, accounting, and data platform for enterprises and institutions, today announced a partnership with DigiShares, a white-label platform enabling compliant issuance, investor management, and peer-to-peer trading of tokenized digital assets. DigiShares delivers subscriber investment, trade, and distribution data to the Ledgible platform, where economic and ownership activity is analyzed and normalized to enhance efficient CPA-led preparation of Forms 1065 and 1120, Schedule K-1 and other tax returns. With Ledgible, DigiShares issuers, investors, and their accountants realize increased accuracy and efficiency in their tax preparation processes.

"With the growing adoption of crypto and tokenized assets, tax gain and loss accuracy and efficiency in this new, complex environment is critical for each participant in the tokenized asset ecosystem" said Kell Canty, CEO of Ledgible. "Ledgible is excited to work with DigiShares in the evolving tax compliance space."

The Ledgible Digital Asset Tax and Accounting Platform for tax and accounting professionals, enterprises, and institutions supports integrations across major blockchains, cryptocurrency exchanges, wallets, and professional accounting tools. As the bridge between crypto assets and traditional financial accounting, Ledgible determines digital asset tax liabilities and delivers that data to existing and novel TradFi accounting tools. The platform makes digital asset data, Ledgible, across the entire crypto vertical, for institutions, enterprises, and large accounting firms.

Claus Skaaning, Co-founder and CEO of DigiShares, shared, "We are extremely positive about our partnership with Ledgible. This collaboration opens new possibilities for our clients in managing digital assets, enabling them to stay compliant and confident in their tax and accounting practices."

DigiShares is a digital asset gateway that helps companies harness the power of blockchain technology by expanding access to real-world asset investments via blockchain technology. Through an open ecosystem, DigiShares collaborates on payments, KYC, e-signing, legal, investor management, and trading via smart contracts like real estate.

South Korean FinTech Finda, which operates as a prominent loan comparison platform in the nation, has successfully closed a $37m Series C funding round.

Finda has secured $37m in this funding round, with significant investment coming from JB Financial Group and 500 Global, according to a report from FinTech Futures.

Founded in 2015, and headquartered in Seoul, Finda has established itself as one of South Korea’s top three firms in the loan comparison platform market. Competing alongside giants like Toss and Kakao Pay, it brokered loans worth KRW 4 trillion (approximately $3.4bn) last year alone. The platform offers an efficient way for customers to compare different loan products and make well-informed decisions.

With this new infusion of funds, Finda plans to expand its platform further, introducing new products such as mortgage loan repayment, deposit and insurance comparison, and brokerage services. The company is also aiming to launch an artificial intelligence fraud transaction detection system (AI-FDS), as well as develop a specialised alternative credit rating model.

JB Financial Group has not only invested but engaged with Finda strategically, acquiring a 15% stake in the company. The acquisition was split between JB Financial Holdings and Jeonbuk Bank, buying 5% and 10% stakes respectively. This partnership has been fruitful, with Jeonbuk Bank collaborating with Finda on a digital credit loan product offering since 2020.

Danske Bank UK has chosen to partner with LMS, the UK’s leading conveyancer and panel management specialist, as it looks to expand its services in Northern Ireland.  

After becoming the 30^th lender to join LMS Panel Link® in 2021, LMS provides a fully vetted, secure and authenticated panel of law firms that meet Danske Bank’s exact requirements for every conveyancing case. The lender also offers customers access to Fees Assisted Remortgage products via LMS, both of which help to reduce fraud and drive numerous operational efficiencies in the house buying and remortgaging process.  

As a result of the ongoing success of the partnership, Danske Bank has chosen to use LMS’ Panel Link® and Fees Assisted Remortgage services as part of its Northern Ireland operations. Its offering continues to grow following the successful introduction of its Danske Carbon Neutral Mortgage, and with over 2000 law firms on its panel, LMS is the natural choice to ensure the smooth and efficient progression of all cases by the most appropriate conveyancer.   

Commenting on the news, Nick Chadbourne, Chief Executive of LMS said: 

“Danske Bank’s partnership with LMS is yet another vote of confidence in our market leading Panel Link® and Fees Assisted services as we continue to provide security, innovation and digitisation to all partners. It’s especially rewarding that this comes following the successful partnership in England and Wales launched in 2021, and it’s a testament to the team that we continue to provide the best possible service. With the highest number of firms on the panel compared to any other provider, we’re confident in our ability to drive efficiency in a reliable way for Danske Bank and look forward to delivering results that will speak for themselves.” 

Ian Russell, Head of Homebuying at Danske Bank, added: 

“LMS has been a great partner for us in Great Britain as we launched our Carbon Neutral Mortgage. It’s a solution that delivers a digital experience for our customers and extra peace of mind for our borrowers as they purchase or remortgage their home, so it was a logical next step to work with LMS again in Northern Ireland. We look forward to working with Nick and the team.” 

Quant, the blockchain for finance pioneer, has secured a new patent, part of its ongoing mission to make distributed ledger technology simple, trusted and future-proof.

The patent, titled ‘Blockchain Communications and Ordering’, recognises that Quant has invented a unique method for chronologically ordering transactions from different blockchains.

Prior to Quant’s research and development, different ‘block times’ (the average time taken to generate a new block) across blockchains meant that finding a definitive transaction ordering method over multiple blockchains, that a consortium could agree on, was a disjointed and inconsistent process. This hindered firms from integrating multi-blockchain-based projects into existing systems or using more than one type of blockchain in their operations. The grant of Japanese patent 7273053 recognises that Quant has introduced a method to agree on a universal time zone for all blockchains, so that enterprises and smaller businesses can produce reliable, consensus-based records.

While Quant works with large institutions – it is a key vendor on a Bank of England project examining central bank digital currencies – it is also aiming to make blockchain more accessible to firms of all sizes via its low-code, SaaS platform, Overledger. Other elements of Overledger’s technology are also patent pending in various jurisdictions.

Helen Kemmitt, Quant’s general counsel, comments: “Patents underpin many of the world’s most important inventions. ‘Innovation’ is a word that’s overused in the finance and technology sectors – but a patent is an entirely objective seal that a firm is indeed a true innovator, which is why we’re unashamedly excited about this.”

Overledger platform allows customers to issue digital money and interoperable assets with just a few clicks, move them from one blockchain network to another, write new apps that will run on any network, create secure smart contracts that will execute on any blockchain, and use simple APIs to integrate with their existing systems.