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Airwallex Becomes First Payments Company to Obtain AFSL for Expansion into Retail Investment Products

Fintech Finance

Airwallex , the Australia-founded leading financial platform for modern businesses, has become the first major payments company to be granted an Australian Financial Services Licence (AFSL) by the Australian Securities and Investment Commission (ASIC) to offer businesses access to retail investment products. percent for AUD balances and 3.95

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Airwallex Secures Licence to Offer Retail Investment Products in Australia

The Fintech Times

Airwallex , a financial platform for businesses, has been granted an Australian Financial Services Licence (AFSL) by the Australian Securities and Investment Commission (ASIC) to offer retail investment products. This licence is in addition to the AFSL that Airwallex has held for its payments and foreign exchange business since 2016.

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Goldman, JetBlue Team Up On Installment Loan Product

PYMNTS

cities, the New York airline has joined Goldman Sachs to offer an installment loan product. Last fall, PYMNTS reported that Marcus, launched in 2016, lost $1.3 Two days after JetBlue said it would temporarily consolidate service in five U.S. percent at terms from 12 to 18 months, according to its website. “We

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FIDO certified products achieve 200% market growth in 2016

The Paypers

(The Paypers) FIDO certified products achieved 200% market growth in 2016 and since its launch, the FIDO Certified program has been a central component to achieving the FIDO Alliance vision for universal and interoperable strong authentication.

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2016 UK Fraud Figures Show Disturbing Trend

FICO

Financial Fraud Action UK (FFA UK) recently released their 2016 UK fraud performance report. Whilst there were some logical changes between 2015 and 2016, I was surprised at the fluctuation and significant shifts fraudsters have made in order to circumvent existing controls. Fraud has never been more cross-pollenated than it is now.

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UK’s FCA Sees Record Complaints In Latter Half Of 2016

PYMNTS

million complaints in the second half of 2016 concerning financial products. In its figures, the FCA noted that total complaints were higher in the second half of 2016 compared to the first — when 2.05 In its figures, the FCA noted that total complaints were higher in the second half of 2016 compared to the first — when 2.05

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Goldman Sachs’ Marcus Loses Product Head

PYMNTS

Marcus , the consumer bank operated by Goldman Sachs , has seen its head of product Michael Cerda quit his job. Cerda was previously head of media products for Facebook. When he was hired by Goldman Sachs in 2017 to develop products for Marcus, it was seen as a big win for Goldman Sachs, reported The Financial Times.

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