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As a result of the United Kingdom ( UK ) exiting the
European Union ( EU ) on 1 January 2021, a number of
financial institutions in the UK lost their exclusive
right of access to utilize the European Economic Area
( EEA ) passporting rules.
1 These changes have also been felt
by financial institutions based in Gibraltar.
Back in 2016, it was reported around 5,500 UK companies with
licensed activities which have passported their authorization
(
i.
e., a licensed activity) into the EEA are
impacted as a result of the UK exiting the EEA bloc.
Airwallex Receives Electronic Money Institution License from Dutch Central Bank
Airwallex, an Australia-based fintech company, announced earlier this week it received its Electronic Money Institution (EMI) licence from the Dutch Central Bank (
De Nederlandsche Bank, DNB). Airwallex reported that the license, which was obtained on April 30th, gives it access to the European single market. Airwallex also has existing licences in its core markets, including the UK, U.S., Australia, and Hong Kong.
Speaking about the license,
Jed Rose, General Manager of EMEA at Airwallex, stated: “This is a significant milestone for Airwallex as we look to deepen our presence in the European market and address the pain points faced by many businesses who are looking for a simpler, more convenient and transparent process to support their payments needs. We look forward to providing businesses in Europe with a full product stack to empower their growth.”
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SH Payments appoints Justinas Basalykas as CEO 3 hours ago
Source: SH Payments SH Payments, the tier one banking services provider, has appointed Justinas Basalykas as its new CEO and expanded its leadership team, following a hugely successful first few months of trading. Mr Basalykas joins SH Payments having spent almost 20 years working as a finance professional in Lithuania - previously, he has founded TaxLink Lithuania, and worked at global finance and accounting specialist companies such as Ernst & Young Baltic. His insight into the market working with regional and global MMEs places him perfectly in understanding client needs and providing solutions as a trusted advisor.
SH Payments Appoints Justinas Basalykas As CEO And Expands Leadership Team Following Record Growth Date
13/05/2021
SH Payments, the tier one banking services provider, has appointed Justinas Basalykas as its new CEO and expanded its leadership team, following a hugely successful first few months of trading.
Mr Basalykas joins SH Payments having spent almost 20 years working as a finance professional in Lithuania – previously, he has founded TaxLink Lithuania, and worked at global finance and accounting specialist companies such as Ernst & Young Baltic. His insight into the market working with regional and global MMEs places him perfectly in understanding client needs and providing solutions as a trusted advisor.
SH Payments appoints Justinas Basalykas as CEO following growth surge thecommentator.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecommentator.com Daily Mail and Mail on Sunday newspapers.