Broker News | Fintech Funding Slashed by Almost Half in 2022. Will 2023 Be Any Better?

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Broker News | Fintech Funding Slashed by Almost Half in 2022. Will 2023 Be Any Better?

#Industry
01 Italy’s Cosob Blocks Access to 5 Illegal FX/CFDs Brokers

These platforms offer services without any regulatory registration.
Consob blocked a total of 825 illegal platforms to date.

02 UK FCA Warns against Clone of FX Broker Axi
AxiCorp owns both Axi and One Financial Markets.
The FCA clamped down on a number of clone companies in 2022.

03 Match-Prime Liquidity Wraps Up 2022
Andreas Kapsos, CEO of Match-Prime Liquidity, provides his perspective on the company.

04 Fintech Funding Slashed by Almost Half in 2022. Will 2023 Be Any Better?
Funding of fintech businesses globally came in at $75.2 billion in 2022.
Interest rate hikes are expected to affect fintech funding in 2023.

 

#Broker

01 Trading 212 UK Sacks Two Directors
The Directors are Rajvinder Kaur Somal and Borislav Tzonkov Nedialkov.
Nedialkov ceased to be a person of signficant control in Trading 212 in October 2016.

02 Titan FX MD Martin St-Hilaire Becomes a VFSC Member
He is one of the four newly appointed members of the regulator.
The appointments came as VFSC tightens its regulatory regime.

03 CySEC Withdraws License of TradoCenter and Toro Invest Operator
The company voluntarily renounced its CIF license.
The platforms stopped offering services on 7 August 2022.

04 Interactive Brokers’ DARTs Jump 14% in January as Client Accounts Grow
The American broker's client accounts grew 2% to 2.13 million.
The company posted record profits in Q4 2022.

 

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