The event featured a panel of FinanceMalta members sharing their views and Malta’s strategy in this area. FinanceMalta is a non-profit public-private initiative that was set up to promote Malta as an international business and financial centre within in and out of Malta.

FinanceMalta says it played a “prominent role” at the summit by hosting the two-day event’s first panel discussion: “Putting DLT and Legal on the same page”. FinanceMalta also had an exhibition stand throughout the summit.

“We are proud to have played an important role in this event in Amsterdam. Throughout the year, FinanceMalta promotes Malta’s thought-leadership and experience in various financial services forums, including the areas of Fintech and Blockchain. Through such FinanceMalta-sponsored events, our members can gain exposure, share their views and connect effectively with other players from all around the world,” said Ivan Grech, Chief Operations Officer of FinanceMalta.

“It was an informative panel session about bringing together DLT and Legal on the same page, whilst focusing on Malta as a jurisdiction for such innovation,” he added.

FinanceMalta works on bringing together and harnessing the resources of the industry and government to ensure Malta maintains a modern and effective legal, regulatory and fiscal framework in which the “financial services sector can continue to grow and prosper”.

The FinanceMalta panel speakers were Ian Gauci, Managing Partner at Caleda, GTG Advocates & Afilexion Alliace; Diane Bugeja, Senior Associate at Camilleri Preziosi Advocates; Nicholas Warren, Head of Regulatory at Francis J. Vassallo & Associates; and Joseph Woods, Co-Founder and Creative Director of Creolabs Ltd, who moderated the panel.

FinanceMalta founding associations: the Malta Funds Industry Association, the College of Stockbroking Firms, the Malta Bankers’ Association, the Malta Insurance Association, the Association of Insurance Brokers, the Institute of Financial Services Practitioners, and the Malta Insurance Management Association.

The post FinanceMalta sponsors fintech summit in Amsterdam first appeared on The Malta Business Weekly.

The payment operator and prepaid card issuer is also licensed by the United Kingdom’s financial watchdog; the Financial Conduct Authority. This means that PFS will continue to operate as usual throughout the European Economic Area post-Brexit, the company says.

“The future looks even brighter now for PFS with this announcement. It ensures that no matter what happens with regards to Brexit, our business is prepared for all scenarios and there will be no impact to our customers and partners. We look forward to enjoying an excellent working relationship with the Central Bank of Ireland in the years to come,” says Noel Moran, CEO at PFS.

The company operates from the Innovation Hub in Ireland and its Technology Centre in Malta.

The post Irish fintech PFS bags local licence prepping for Brexit first appeared on The Malta Business Weekly.

The guidance aims to facilitate the process for providers opening accounts for fintechs. The recently announced initiative complements a more comprehensive effort to develop and regulate the financial technology industry in Malta, the press statement says.

At the same time, the MFSA says it stays committed to ensuring investor protection, financial market integrity and financial stability.

The consultation document is available for public view at the official website of the MFSA.

The post MFSA’s consultation aims to support fintech investments first appeared on The Malta Business Weekly.