ISXUK Approved As An Authorised Electronic Money Institution | UK Market Update

September 15, 2020 04:15 AM AEST | By Team Kalkine Media

Google News:

Recent News

"Aptos EXPO Memorial Stamp Rally" Goes Live in Celebration of Expo 202...

MEXC Unveils New Launchpad Featuring BTC to Kick Off BTC Trading Month

PolicyStreet Launches Flash Sale to Help Malaysians Manage Car Costs A...

Chula-Harvard Collaboration Marks a Milestone in Globalizing Thai Inte...

iSignthis Ltd announced that its wholly owned UK subsidiary ISXUK, as per the Electronic Money Regulations 2011, was approved as an Authorised Electronic Money Institution by Financial Conduct Authority (FCA), UK. ISX now has full access and continuity to the vital British market post BREXIT as well as extends the group’s regulatory authorisations. The FCA’s UK authorisation lets ISXUK to issue, distribute and redeem electronic money. It can also provide the full range of payment services that falls under the Payment Services Regulations 2017.

ByteDance has rejected the bid offered by Microsoft and has chosen another bidder Oracle for its TikTok US operation. Oracle would be taking significant stake in the business. ByteDance highlighted that Oracle would be its technology partner. The deal reflects a symbolic loss for Microsoft as it has an advertising business and Tik Tok generates revenue by showing advertisements to its users while scrolling through videos in the app. Now, Oracle can provide TikTok with the cloud infrastructure.

Arm Holdings, is being sold by its Japanese owners for $40bn in a deal that could reshape the semiconductor landscape. Nvidia, a US company, will pay SoftBank $21.5bn in shares and $12bn in cash for the chip designer although the deal is still subject to regulatory approval in the UK. It is expected that Nvidia will face tough conditions on protecting jobs and the status of Arm’s headquarters in Cambridge as part of the deal. SoftBank paid $32bn for the company four years ago in a deal that netted a fortune for Arm’s executives.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.