Alejandro Dall’Ava, Country Manager in Argentina, says: “We are proud to announce our official recognition as a Payment Service Provider (PSP – Aggregator) in Argentina. This distinction reflects our ongoing commitment to excellence and security in the financial services industry. With this certification, we are poised to deliver advanced and reliable payment solutions that will drive growth and innovation in our market.”

This recognition enables PayRetailers to continue providing exceptional service to clients and partners alike, creating an environment for businesses across various sectors to thrive.

About PayRetailers

Founded in 2017, PayRetailers has established itself as a leading global provider of online payment services with a focus on Latin America & Africa. The company’s mission is to offer comprehensive payment solutions for e-commerce, covering the entire process of cross-border transactions without the need for a local entity. Through a direct API, an advanced technological platform, and commercial agreements, PayRetailers provides global merchants with access to over 250 local payment methods in Latin America & Africa. Their proprietary technological architecture is highly flexible and scalable, allowing them to innovate rapidly to meet the ever-evolving market demand.

Based in Spain, with strategically located regional offices in Argentina, Brazil, Chile, Colombia, Mexico, Costa Rica, Peru, Bulgaria, and the Isle of Man, PayRetailers positions itself as a trusted partner for businesses looking to expand into Latin America, Africa, and beyond, while maximizing their growth potential.

For media inquiries:

María José Naya

mariajose.naya@payretailers.com

The post PayRetailers Arg S.R.L. Recognized as a Payment Service Provider (PSP) Aggregator by Central Bank of the Argentine Republic appeared first on Fintech News.

This Orbonex Capital review embarks on a mission to peel back the layers of Orbonex Capital, critically evaluating its offerings, from the robustness of its trading tools to the integrity of its operations. As investors seek reliable havens for their capital, the question looms: Does Orbonex Capital stand as a beacon of innovation in the online trading world, or does it cast a shadow of doubt?

Join us as we dissect the platform, scrutinize its features, and deliver a verdict on its place in the competitive arena of online brokerage.

Orbonex, has established itself as a prominent player in the online brokerage landscape.
Offering a variety of features tailored to cater to traders of different levels, Orbonex has become a goto platform for those seeking transparent, accessible, and featurerich trading solutions.

Account Options

Orbonex offers a range of account options designed to accommodate traders at different stages of their journey. From the Starter account, requiring a minimum deposit of $250, to the Platinum account, catering to highnetworth individuals with a minimum deposit of $100,000, each account tier comes with its unique set of benefits and features.

Range of Markets

Orbonex opens the door to a diverse array of markets, allowing traders to explore various investment avenues:

• Stocks: Trade stocks of leading companies globally for diversified portfolios.
• Crypto: Engage in cryptocurrency trading, including popular assets like Bitcoin, Ethereum, and altcoins.
• Indices: Speculate on global market trends by trading indices representing different markets.
• Commodities: Diversify portfolios with commodities such as gold, silver, oil, and agricultural products.
• NFT: Explore the emerging market of nonfungible tokens (NFTs) for unique digital assets.
• AI Trading: Utilize artificial intelligence for automated trading solutions, optimizing trading performance.

 Why We Chose It

# Pros

 Capped Commission Structure for Options: Orbonex’s capped commission structure for options trading offers costeffective solutions.
 Highly Regarded Tools for Analyzing and Monitoring Options Trades: Traders benefit from toptier tools for analyzing and monitoring options trades.
 Superb OptionsSpecific Content and Educational Material: Orbonex provides comprehensive content and educational material specific to options trading.

# Cons

 Limited Investment Options: While diverse, some traders may find the investment options somewhat limited compared to other platforms.
 Few Investing and Retirement Resources: Traders seeking comprehensive resources for investing and retirement planning may find Orbonex lacking.
 Weak Portfolio Analytics: The portfolio analytics tools on Orbonex are perceived as weaker compared to other platforms.

Customer Support and Community

Orbonex places a strong emphasis on customer support, offering personalized assistance and 24/7 technical support to ensure a seamless trading experience. The platform fosters a vibrant community, providing opportunities for networking, collaboration, and knowledge sharing among traders.

Overview

In conclusion, Orbonex stands as a reputable online brokerage platform, offering a diverse range of features and benefits to traders. With transparent fee structures, personalized account options, access to a wide range of markets, and robust customer support, Orbonex equips traders with the tools and resources needed for confident and successful trading. Whether you’re a novice or experienced trader, Orbonex’s platform caters to individual needs, making it a compelling choice for those looking to navigate the financial markets.

The post Orbonex Capital Deep Dive: Is This the Future of Online Trading or a Cautionary Tale? appeared first on Fintech News.

1. Embrace Modern Payroll Technology

Employers should invest in user-friendly payroll software that aims to streamline the payroll process, provide digital paystubs, ensure accuracy, and minimize errors. Utilizing automation features like tax calculations and deductions decreases the likelihood of errors significantly. Furthermore, contemporary payroll software often integrates with accounting systems, simplifying record-keeping tasks and enhancing accuracy.

2. Conduct Regular Data Entry Verification

Incorrect data entry can result in inaccuracies on pay stubs. Employers need to establish guidelines for data entry processes within their organization. Regularly verifying information at stages of payroll processing is essential in detecting discrepancies. Employers can identify issues before finalizing pay stubs by checking inputted data against source documents such as timesheets or attendance records.

3. Stay Updated with Federal and State Regulations

Ensure to keep up with federal and state regulations regarding wage calculation and deductions to ensure compliance and prevent issues related to employee pay. Tax rates, wage laws, overtime rules, and their applications can change. Therefore, it’s crucial to update payroll systems regularly or seek guidance from labor law experts when needed.

4. Communicate Clearly with Employees

Effective communication with employees is key to avoiding misunderstandings about pay stubs. Employers should take measures to help employees understand how their wages are calculated, what deductions are made (such as taxes and benefits), and any special considerations. By providing this information openly, employers can build trust. Reduce confusion.

5. Perform Regular Reviews of Payroll Records

Regularly reviewing payroll records with tech solutions can help spot patterns or errors. Employers should establish procedures for conducting regular audits of pay stubs to ensure accuracy and compliance. These reviews can help identify issues like tax calculations, missing deductions or benefits, inaccuracies related to hours worked, or other important discrepancies.

6. Consider Seeking Help from External Sources

While it’s important to have checks in place, reaching out to accountants or payroll service providers can add an extra layer of accuracy to the payroll process. Collaborating with experts who specialize in managing payroll ensures that all relevant laws are adhered to diligently and helps reduce the likelihood of mistakes.

7. Enable Employees to Use Self-service Portals

Granting employees access to self-service portals where they can easily view their pay stubs empowers them by allowing control over accessing and reviewing their compensation details. These portals are reliable tech solutions and eliminate the need for employees to wait on HR departments for pay stubs, reducing the risk of documents or errors during manual distribution.

8. Offer Training and Education Opportunities for Payroll Staff

Providing training and ongoing education for payroll staff is essential for ensuring accuracy in pay stubs. Employers should invest in training programs covering aspects of payroll processing such as data entry procedures, tax calculations, deductions, and other relevant subjects.

By equipping payroll staff with the knowledge and skills, employers can reduce errors stemming from misunderstandings or incorrect policy applications. Regularly updating training materials to reflect regulations or technological advancements is crucial for keeping the payroll team informed.

Furthermore, supporting growth by participating in workshops or online seminars focused on payroll management ensures that the team stays updated on industry best practices and any legal changes impacting compensation. By investing in their learning and development, employers show dedication to ensuring accuracy in pay statements while nurturing their employees’ progress.

Wrapping Up

In summary, employers are responsible for guaranteeing pay statements for their staff. From utilizing up-to-date payroll technology to effectively communicating with employees and routinely reviewing records—employers have strategies to prevent inaccuracies in pay statements. Keeping abreast of state regulations. Seeking external support when necessary further bolsters precision.

By following these suggestions, a culture of openness can be created, and trust between employers and employees can be fostered. Additionally, by offering payroll staff training and ongoing educational opportunities, employers can reinforce their commitment to consistently maintaining pay statements.

It’s important to remember that the accuracy of pay statements directly impacts employee contentment and trust in an organizations compensation procedures. By prioritizing precision at every stage of the process employers can establish a basis of trust while reducing issues stemming from error laden pay statements. Devoting time and resources to error prevention ultimately safeguards assets by averting disputes or financial discrepancies, in the future.

The post Ensuring Pay Stub Accuracy: Tips for Employers to Prevent Errors appeared first on Fintech News.

Recently, Alex Chriss, who assumed the CEO of PayPal in September, indicated that the company is currently developing an omnichannel and offline solution. This direction toward facilitating offline payments represents a strategic evolution for the company, driven by shifts in consumer behavior, technological progress, and the competitive landscape. However, we will now consider the factors that suggest why PayPal will likely venture into offline payment solutions soon.

Why PayPal May Soon Unveil Offline Payments

As the digital environment transforms, so do consumer habits and expectations. PayPal is well-positioned to respond to these shifts and is eager to implement changes that will enhance its services and the transaction experience for all users, including those at brand-new crypto casinos. Below, we explore the reasons for PayPal’s potential move towards offline payments:

Adoption Following the Digital Markets Act

The Digital Markets Act, enacted by the European Union on 1st November 2022, aims to create a fairer and safer digital economy. It also opens the door for third-party applications, such as PayPal, to utilize Near Field Communication (NFC) technology, similar to that used by Apple Pay, which is widely regarded as a leading payment solution. The recent approval of this legislation serves as a significant incentive for PayPal, which has been developing its offline payment solution, to pursue this enhancement further.

Constant Consumer Demand for Omnichannel Payment Solutions

The modern consumer seeks convenience, flexibility, and security in their payment methods, whether online, in-store, or on mobile devices. An omnichannel approach, offering a seamless payment experience across various platforms, is no longer a luxury but a necessity. Studies show that 90% of Europeans have used PayPal, and several European users have demanded omnichannel payment solutions.

Moreover, many users request offline payment through social media platforms or reviews on blogs. Nevertheless, PayPal’s foray into offline payments would meet this demand, allowing consumers to use their preferred payment method in any shopping context. This not only enhances the user experience but also strengthens customer loyalty.

Technological Advancements and NFC

The widespread adoption of near-Field Communication (NFC) technology in smartphones and point-of-sale (POS) systems has paved the way for mobile payments to thrive. NFC enables contactless communication between devices, making transactions quick, secure, and convenient. By integrating NFC technology into its platform, PayPal can facilitate offline transactions, allowing users to purchase in physical stores with their mobile devices just as quickly as online.

Competitive Landscape

The payment industry is highly competitive, with tech giants like Apple, Google, and Samsung offering mobile payment solutions. These companies have made significant inroads into offline payments, capturing a sizable market share. Expanding into offline payments is not just strategic; it’s imperative for PayPal to maintain its relevance and competitive edge. By offering a comprehensive payment solution that spans online and offline realms, PayPal can ensure it remains a top choice for consumers and merchants.

Bridging the Gap Between Online and Offline Commerce

The distinction between online and offline commerce is increasingly blurred. Retailers are adopting an integrated approach, where online presence complements physical stores and vice versa. PayPal’s entry into offline payments would bridge the gap between these two worlds, offering a unified payment solution that caters to all aspects of a retailer’s business. This benefits consumers by providing a consistent payment experience and helps merchants manage their finances more efficiently.

Data Insights and Personalization

Offline payments would provide PayPal with valuable data on consumer behaviours beyond online transactions. This data could further personalize the shopping experience, offer tailored rewards and promotions, and improve customer service. The insights from offline transactions could help PayPal better understand market trends, enabling more strategic decision-making.

Expanding Merchant Services

PayPal’s success depends on its strong relationships with online merchants. By venturing into offline payments, PayPal can expand its suite of merchant services, offering tools and solutions that cater to brick-and-mortar stores as well. Moreover, this could include advanced POS systems, inventory management, and data analytics, providing merchants with valuable insights into consumer behavior. Such services would enhance PayPal’s value proposition, making it an indispensable partner for merchants.

Financial Inclusion

Many of the global population still need to be unbanked or underbanked, with limited access to traditional banking services. PayPal’s offline payment solutions could play a crucial role in financial inclusion, allowing individuals without bank accounts or credit cards to participate in the formal economy. By offering prepaid cards or partnering with retail stores to facilitate cash transactions, PayPal can extend its reach to a broader audience, contributing to economic empowerment.

Cyber Threats

Today, there is a need for standard payment companies like PapPal to navigate a complex web of regulations governing various jurisdictions’ financial transactions. This web includes ensuring compliance with anti-money laundering (AML) laws, knowing your customer (KYC) requirements, and knowing data protection regulations. Furthermore, security remains a paramount concern, with consumers and merchants demanding robust protection against fraud and cyber threats that can be reduced by introducing offline payments. 

Summary

PayPal’s consideration of offline payment solutions is a strategic move that aligns with current trends in consumer behavior, technological advancements, and the competitive landscape. Therefore, with an omnichannel payment experience, PayPal can meet the evolving needs of consumers and merchants, bridging the gap between online and offline commerce. This expansion strengthens PayPal’s market position and contributes to financial inclusion and economic empowerment. 

Additionally, as the digital economy progresses, companies that previously operated solely online seek to extend their presence into the physical realm. PayPal, a leader in the field of digital payments, is among those making this transition. Although PayPal’s CEO has not officially disclosed when the company will introduce offline payment options, he has bolstered consumer confidence by stating that PayPal is ready to implement substantial improvements once this new functionality is available.

The post Why Paypal Might Be Considering Offline Payment Soon appeared first on Fintech News.

What is the Vision Pro?

The Apple Vision Pro is a headset display system with built-in processors and high-quality spatial tracking. As an AR device, it can overlay digital 2D and 3D elements into the real world using special cameras and screen technology. Essentially it looks like a pair of goggles, powered by a mobile battery pack and controlled either by hand signals or paired peripherals. If any of this is difficult to imagine, consider the official Vision Pro launch video:

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What Could the Vision Pro Replace?

The basic use of the Vision Pro could be as a mobile computing system that mitigates the need for a physical monitor display. Instead, the Vision Pro can virtually insert multiple displays into your field of view, mimicking several active screens and apps you can flick between in real time.

A Vision Pro could then replace a work monitor, a home television, or a tablet. The mobility of the platform would also allow you to carry the device with you. This could make it just as easy to work or entertain yourself from the backyard as you could in a living room or office, or on a train or flight. Some uses would still require an active internet connection, but other elements could also be performed offline as they could on a laptop or tablet. Though the display would be unique, the activity itself could remain much the same.

Consider what goes into a typical entertainment experience on a traditional mobile or desktop device. Connecting to a casino rewards comparison website to collect free spins offers could be different if hand controls were used, otherwise, the experience would remain traditional. Players would still collect free spins and deposit matches on services like Luxury Casino or Casino Classic. They’d also still play the same games, though again titles like slots and blackjack could be motion-controlled. In these forms of access, it would be the convenience of the headset display that would set access apart. The same would be true for watching movies, writing emails, or navigating database documents.

The Pros and Cons

Access and mobility are the big advantages offered by the Vision Pro that established monitor and TV setups can’t match. Being able to enjoy a virtual five-monitor setup without having to physically place, link, or buy individual monitors could prove hugely helpful in certain work applications. Being able to watch a virtual 120-inch TV in a small room without the physical space is also an appreciable and convenient step forward. The expanding folding phone market has helped illustrate how important larger screens are, and there’s no limit on virtual sizes in AR.

A dedicated AR headset also offers a major advantage in privacy. Whether you’re working on something confidential or writing a personal email, nobody likes the feeling of somebody looking over their shoulder. With an AR headset, nobody else sees what you see, so any form of direct spying is impossible.

On the con side, there is still a matter of cost. The Vision Pro costs between $3,500 and $3,900 at launch depending on the model, a lot to ask for new technology. Of course, cheaper alternatives from other brands could reduce this issue, but for dedicated Apple fans, that’s a non-starter.

Control is also an issue with the Vision Pro, as while motion control can allow you to do everything, this is nowhere near as efficient as a standard keyboard and mouse setup. Factor on top of this the potential for eyestrain, and the need to connect to other computers for more hardware-intensive tasks, and the Vision Pro is slightly less flexible than it first appears.

Source: Pixabay

For the right user, the Vision Pro could be the perfect device to fit their needs. As an early-generation device, however, it’s unlikely to deliver a perfect and flawless experience. That said, like the 2007 iPhone before it, we wouldn’t be surprised to see Apple create and dominate a new market with the future potential that the Vision Pro represents.

The post Apple’s Vision Pro Potentially Replacing Existing Tech appeared first on Fintech News.

ICE is a key event in the gaming industry, bringing together businesses and professionals from various sectors. Among them, PayRetailers stands out as a strategic ally for companies looking to strengthen their localized payment strategy, leveraging its experience in emerging markets to ensure processing challenges are met with an efficient, secure, and personalized solution.

Those attending the event can access a unique promotion: visiting booth N8-450, new merchants can get 2 months of free processing by integrating PayRetailers.

Jonathan Vintner, Global Head of Sales, says, “we look forward to sharing our latest developments and upcoming product features, which will be a game-changer for merchants, along with our ambitious plans for expanding into new territories like Africa. Our presence at ICE is a chance for businesses to discover how we transform challenges into opportunities, maximizing growth potential and unlocking new possibilities in the Latin American market.”

For more details on this promotion and to discover how PayRetailers is transforming payments in the online gaming industry, we invite you to connect with the team during the event. They will be available to answer all your questions, provide valuable information, and present unique opportunities.

About PayRetailers

Founded in 2017, PayRetailers has established itself as a leading global provider of online payment services with a focus on Latin America. The company’s mission is to offer comprehensive payment solutions for e-commerce, covering the entire process of cross-border transactions without the need for a local entity. Through a direct API, an advanced technological platform, and commercial agreements, PayRetailers provides global merchants with access to over 250 local payment methods in Latin America. Their proprietary technological architecture is highly flexible and scalable, allowing them to innovate rapidly to meet the ever-evolving market demand.

Based in Spain, with strategically located regional offices in Argentina, Brazil, Chile, Colombia, Mexico, Costa Rica, Peru, Bulgaria, and the Isle of Man, PayRetailers positions itself as a trusted partner for businesses looking to expand into Latin America, Africa, and beyond, while maximizing their growth potential.

For more information, please visit the PayRetailers website at https://www.payretailers.com or their LinkedIn page at https://www.linkedin.com/company/pay-retailers/.

The post PayRetailers offers new clients two months of free processing at key gaming event ICE London 2024 appeared first on Fintech News.

Confirmation of Payee (CoP) is one way businesses can help reduce the risk of fraud. It is an automated service designed to help a customer verify that the name and account details of who they are sending money to are correct. This helps protect customers from accidentally sending payments to wrong or fraudulent accounts.

The Benefits of CoP for Businesses

Having CoP enabled on your platform puts your business in a positive light and boosts trust with customers. It demonstrates that you take the security of customer data seriously, and that you’re willing to go above and beyond to protect them from fraud.

Using CoP also helps reduce payment disputes, as it ensures payments are only sent to the intended recipient. This can save businesses both time and money, by reducing the need for refunds and other associated costs.

How CoP Enhances Customer Experience

Having a secure payment system in place will provide your customers with peace of mind when making purchases. It also reduces the risk of customer data being stolen or fraudulently used, which is an issue that many people are increasingly concerned about. This can help to improve customer loyalty and boost customer satisfaction.

The use of CoP also makes payments more transparent, helping to build trust between customers and businesses. It provides customers with a greater level of control over their own finances by allowing them to double-check that they are sending money to the correct person or company. This not only reduces the risk of fraud but also helps make customers feel more in control of their financial transactions.

How Confirmation of Payee Enhances Business Reputation

Trust forms the cornerstone of any business relationship, and this is even more pertinent in the digital sphere where face-to-face reassurances are absent. CoP plays a crucial role in enhancing business reputation by fostering a sense of safety and reliability amongst customers. When businesses implement CoP, they communicate their commitment to safeguarding customer funds and personal data, therefore projecting themselves as trustworthy entities.

Furthermore, businesses with CoP stand out in the crowded online marketplace, by ensuring their customers are protected from fraudsters. This not only mitigates immediate financial loss for the customer, it also prevents the potential reputational damage a business could suffer if a customer were to fall victim to fraud. Unquestionably, the implementation of CoP is a proactive step towards building a reputation as a responsible and customer-centric business.

Choosing the Right Confirmation of Payee System

Selecting the appropriate Confirmation of Payee (CoP) system for your business is vital to ensure seamless transactions and optimal customer experience.

It’s essential to remember that customer trust is hard-earned and easily lost. It’s important for businesses to take all the necessary steps to ensure their customers feel secure when making purchases. Having a strong CoP system in place can help you do just that, while also providing additional benefits such as reduced payment disputes and improved customer experience. In an increasingly digital world, having a reliable CoP system can be the deciding factor in making your business stand out from the competition.

To conclude, in the realm of eCommerce, a business’s reputation, customer trust, and security measures are inextricably linked. Confirmation of Payee (CoP) emerges as a powerful tool to fortify this trinity, providing an additional security layer for customers and enhancing their overall experience. By implementing a robust CoP system, businesses not only safeguard themselves from fraud but also strengthen their standing in an increasingly competitive digital marketplace. It’s more than a mere protective measure; it’s an investment in trust, reputation, and long-term customer loyalty. As we delve deeper into the digital age, companies must adapt and implement such strategies to ensure their growth and sustainability.

The post How Confirmation of Payee Enhances Business Reputation appeared first on Fintech News.

The need for regulation

The need for regulation can’t be emphasised enough. Primarily, regulation aims at creating a secure and transparent environment for traders and investors through a comprehensive set of rules which financial firms must comply with. Here are a few aspects where regulation helps:

• Investor protection. By setting standards for best practice, regulation protects investors against scams and other fraudulent activities, such as misleading advertising and others.

Regulated Forex brokers such as AAAFx do their utmost to ensure their clients’ financial security by applying strict data security protocols such as GDPR and keeping client funds safe in segregated accounts, separated from the company’s funds.

1. Ensuring transparency. Regulated brokers and other financial institutions are required to maintain transparency in all aspects of their activity. This includes a clear disclosure of pricing, leverage, commissions and fees, as well as the risks associated with Forex trading. AAAFx is no exception to this rule. Regulated by the Hellenic Capital Market Commission (HCMC) for providing online trading services to EU clients and the Financial Sector Conduct Authority (FSCA) for providing its services globally, the broker displays all the relevant risk warnings, leverage and commissions on its website. AAAFx also takes pride in maintaining a “no hidden fees” policy, which continues to attract a lot of traders.
2. Maintaining market integrity. Forex regulation helps market manipulation and unethical practices, false advertising and misleading communication. This contributes to preserving the Forex market’s integrity. In this regard, AAAFx ticks all boxes, projecting itself as a compliant financial service provider, adhering to the norms of fiduciary compliance.
3. Promoting financial stability. By overseeing the activity of Forex brokers, regulators enforce rules that help ensure and maintain stability and uniformity across the global financial ecosystem. This uniformity across jurisdictions helps platform operators like AAAFx to smoothly penetrate other markets by obtaining approval from multiple regulatory bodies around the world.

As an industry veteran, AAAFx also holds multiple registrations and regulations with prominent financial authorities globally, including the Financial Services Conduct Authority (FSCA) in South Africa. This allows it to provide its services ethically and transparently to traders in these regions, thus expanding its outreach beyond the borders of Europe.

From a retail perspective, AAAFx’s global expansion offers traders across borders the unique opportunity to explore its financial services and gain exposure to multiple asset classes and markets.

“We are proud to hold licenses and registrations with multiple regulators in Europe and worldwide. This strengthens our position as a Forex and CFD market leader, enabling us to promote our services ethically and transparently in these markets”, said Somesh Kapuria, Head of Growth.

The crucial role of regulators

Regulators play a pivotal role in assuring the optimal operation of the financial ecosystem by overseeing the activity of each of its active players. Some of their responsibilities include:

1. Licensing and supervision. Regulatory bodies issue licenses to Forex brokers and other financial institutions and constantly monitor their activity to ensure their full compliance with the norms of transparency and best practices.
2. EU regulators issue standards and directives that investment service providers must follow. These can include capital requirements, negative balance protection, investor fund protection and others.

In line with its HCMC requirements, AAAFx provides negative balance protection to its EU clients as well as insurance up to €30,000, under its Greek Guarantee Fund participation. This secures client funds should the company become insolvent.

1. Market surveillance. In addition to the above, regulators monitor the activity of every market participant to ensure compliance and detect any violations of the preset rules, market manipulation and insider trading.
2. Consumer education. AAAFx offers a range of resources and trading tools such as calculators and an economic calendar, enabling traders to stay on the pulse of the financial markets. Novice traders can also explore the demo account option and test-drive the platform before investing.
3. Fraud deterrence. The role of any supervisory institution is to deter any fraudulent undertakings by enforcing strict rules.

For many brokers, regulations pose numerous challenges in terms of how they market their products. Yet for others, challenges are opportunities in disguise. This is the case of AAAFx, a broker with over a decade of experience in the financial industry that complies with regulatory requirements.

Rising above the regulatory challenges

Driven by a profound customer-centric approach to trading, AAAFx places great emphasis on cost-effective trading. Its competitive spreads, low commissions and diverse ECN account offering earned it a top place among industry players.

The comprehensive array of trading tools and flexible infrastructure comprising MT4 and MT5 platforms make AAAFx an excellent choice for both advanced and novice traders. The broker also provides direct connectivity to ZuluTrade’s social trading environment, enabling traders to explore trading however it suits them.

Offering exposure to 70+ Forex pairs and CFDs on widely traded stocks, commodities, indices and cryptocurrencies, AAAFx continues to turn traders’ heads. The broker surpassed the 1 million mark in website traffic.

With a diverse offering and excellent support, AAAFx has demonstrated time and again that regulatory challenges cannot prevent its global expansion. This year, AAAFx won several awards, including ”Best CFD Broker – MEA”, “best CFD Broker – APAC”, and  “Broker of the Year”.

Trading Contracts for Difference (CFDs) on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade CFDs, you should carefully consider your trading objectives, level of experience and risk appetite. It is possible for you to sustain losses that exceed your invested capital, and therefore you should not deposit money that you cannot afford to lose. Please ensure you fully understand the risks and take appropriate care to manage them.

The post The Role of Regulation in Forex Trading appeared first on Fintech News.

These awards showcase outstanding achievements and innovations in the field of finance and were given out at the conclusion of Finance Magnates London Summit 2023 (FMLS:23). Atomix.cc managed to stand out amongst a deeply competitive field, earning the highest accolades for its cutting-edge cybersecurity communication platform, tailored specifically for financial institutions.

“We are honored to be recognized for our commitment to providing top-tier cybersecurity solutions for chat and voice conversations tailored for the unique challenges faced by financial organizations. This award reflects our dedication to excellence and innovation in the ever-evolving landscape of cybersecurity,” explained Toby Olshanetsky, CEO of Atomix.cc upon receiving the ‘Best Cybersecurity Solutions Provider’ award.

What Sets Atomix.cc’s Solution Apart?

The industry is filled with a wide range of innovative tools and cutting-edge technology. However, becoming a market leader or even making a splash in this tight space requires a truly disruptive solution. Atomix.cc has managed to accomplish this feat through its flagship smart communication platform.

Indeed, Atomix.cc has engineered a platform to address a series of pain points, reconciling data security, VoIP costs, and client retention challenges. This includes the following features:

Bank-Grade Solution

Atomix.cc’s platform employs an advanced, bank-grade solution that ensures the confidentiality and integrity of sensitive financial communications. This level of security is critical in safeguarding financial data and communications against potential data leaks and cyber threats over chat or voice conversations.

Real-Time AI Intelligence

The platform also leverages AI to integrate real-time threat intelligence capabilities. In doing so, this provides financial organizations with proactive monitoring and immediate response to potential cybersecurity threats. This feature helps enhance the overall security posture of financial institutions. Consequently, these capabilities protect against evolving data leaks and cyber risks that are prevalent in both chat and voice communication.

Real-Time Emotion Detection

Atomix.cc aims to revolutionize business communication through the creative use of technology that analyzes client emotions in real-time. This layer of emotion detection is a truly unique attribute of its platform, allowing businesses to not only respond but anticipate interactions on a deeper, unprecedented level.

AI-Powered Communication Oversight

Atomix.cc delivers a new standard of oversight, while equipping clients with proactive problem-solving tools. This solution utilizes AI to quickly scan voice and chat interactions, spotting keywords that might suggest policy breaches or unhappy clients. Such real-time insights allow businesses to act immediately, ensuring client satisfaction and upholding company standards.

Fort-Knox Level Security

Security protocols are more important than ever, a requirement that Atomix.cc has focused on at length. By discarding phone numbers and other traditional vulnerabilities, its solution can offer truly bulletproof communication of the highest integrity.

Whisper & Spy Mode

Atomix.cc allows users to step into the future of training and quality assurance with its call monitoring capabilities. This allows clients to turbocharge their agents with real-time guidance and immediate call recordings, maximizing every client interaction.

Overall, companies have had to increasingly grapple cybersecurity challenges in 2023, while the risks of data leaks are manifold. Atomix.cc’s platform has helped address these key concerns, redefining communication and client retention through its innovative use of AI. Its platform has not gone unnoticed in the industry, earning the ‘Best Cybersecurity Solutions Provider’ award and establishing itself as a leader in communication solutions.

About Atomix.cc

Atomix.cc is a provider of smart communication solutions. Its platform utilizes cutting-edge Al technology to ensure the highest levels of security and cost-effectiveness. For more information about Atomix.cc and its award-winning cybersecurity communication platform, please visit http://www.atomix.cc/.

The post Atomix.cc Wins ‘Best Cybersecurity Solutions Provider’ at FMLS:23 appeared first on Fintech News.

China has published new measures designed to place greater oversight on non-banking payment companies. The rules, issued by China’s State Council, impose stricter licensing rules and call for greater risk management of these platforms to guard against misappropriation of funds and financial crimes, Reuters reported Sunday (Dec. 17).

Per the report, the regulations also say companies must bolster their information protection capabilities, clearly label prices for their services and charge “reasonable” fees. They also increase “the degree of punishment for serious violations.”

In addition, a statement from the council says that in cases of violations, the People’s Bank of China would impose “fines, restrictions on some payment operations, or order them to suspend business for rectification, up to the revocation of their payment business licenses.”

The new rules come as “regulators are tightening their collective gaze on the risks of non-bank firms,” as PYMNTS wrote last week. For example, last month, the U.S. Treasury Department’s Financial Stability Oversight Council (FSOC) announced it had adopted a new analytic framework for financial stability risks and updated guidance for non-bank financial company determinations.  

“Financial stability is a public good, and we need a robust structure to monitor and address the build-up of risks that could threaten the financial system,” Secretary of the Treasury Janet Yellen said in a news release.

“Establishing an analytic framework and a durable process for the council’s use of its designation authority will strengthen our ability to mitigate the risks of financial crises that can devastate businesses and households.”

According to the FSOC, the framework provides “a detailed public explanation of how the council monitors, assesses, and responds to potential risks to financial stability, whether they come from widely conducted activities or from individual firms.”  

Meanwhile, FDIC Chairman Martin J. Gruenberg discussed the risks of such entities during a speech in September, saying that “bank-like services operated outside the regulated banking environment, such as those just described, can pose opaque risks and interconnectedness that could adversely affect the safety-and-soundness of banks or result in consumer harm.”

And the Reserve Bank of India, that country’s central bank and banking regulator, recently tightened its lending rules for non-banks last month after seeing a surge of smaller loans and an increase in delinquencies.

Link: https://www.pymnts.com/news/regulation/2023/china-gets-tough-on-non-bank-payment-providers/

Source: https://www.pymnts.com

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