Thursday, November 21, 2024
11.2 C
New York

Conotoxia Plans Transition to Joint-Stock Company and Pursues EU Banking License

  • Polish fintech Conotoxia is preparing to convert its online currency exchange business, Cinkciarz.pl, into a joint-stock company (JSC) and apply for a European banking license.
  • This move aims to expand the company’s service range and create new business opportunities.
  • The transition to a JSC will allow ownership to be divided into shares, while the EU banking license would enable Conotoxia to offer a full suite of banking services with customer funds protected by the Bank Guarantee Fund.
  • The Polish Financial Supervision Authority recently revoked Conotoxia’s national payment authorization, prompting the company to challenge the decision and implement regulatory recommendations.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

Amundi Acquires Aixigo to Expand Wealth Management Technology Offerings

Strategic Acquisition: Amundi, Europe’s leading asset manager with...

Celero Commerce Acquires Precision Payments to Expand SME Payment Solutions

Acquisition Announcement: US fintech Celero Commerce has acquired...

Trust Payments Appoints Laurence Booth as New CEO to Drive Growth

Trust Payments, a leading London-based paytech company, has...

NatWest Partners with NCR Atleos to Modernize 5,500 ATMs

NatWest Group has expanded its collaboration with NCR...

Gate City Bank Partners with Alkami for Enhanced Digital Banking Solutions

Gate City Bank Embraces Alkami's Technology: North Dakota-based...

UK Government Unveils Strategy to Boost Financial Services Growth and Innovation

Driving Competitiveness in Finance: The new Labour government,...

Related Articles

Popular Categories

spot_imgspot_img