Fintech firm GTN has secured authorization from the UK’s Financial Conduct
Authority (FCA), marking a significant milestone in its European growth
strategy. As CEO Manjula Jayasinghe stated, this expands the current regulatory reach, which previously covered Asia, the US, and the Middle East.
GTN Secures UK
Authorization, Eyes European Expansion
The
authorization enables GTN to offer Tripartite Model B services in the UK, a
model where three parties (investment manager, custodian and client) are
involved in the investment process, catering to wealth managers, fintechs, and
authorized trading firms seeking custody partnership solutions.
“The FCA
authorization aligns with GTN’s mission to support the vibrant European
financial and fintech ecosystem,” said GTN’s Co-Founder and Group
CEO, Manjula Jayasinghe, “GTN’s regulatory presence in the UK now
complements its existing operations in the US, Singapore, and Dubai, further
reinforcing its global reach.”
GTN, backed
by the International Finance Corporation (IFC) and SBI Group, has established a
global presence with over 500 employees across nine countries. The company’s
expansion into the UK market comes at a time of increasing demand for
innovative financial solutions in Europe.
The company provides investment and trading solutions that integrate with the services of
regulated financial institutions and fintech companies. Their platform offers
access to global markets and various asset classes, complemented by execution,
custody, and post-trade services.
This
regulatory approval adds to GTN’s existing licenses in the United States,
Singapore, and Dubai. The fintech recently focused on the expansion in the
latter, adding Saxo Bank veteran Ahmad
Abouardini as its new Relationship Manager and
Zaid Aloul as Chief Commercial Officer for the region.
GTN Partners with Finansia
and Revolut
In late
May, Thai brokerage and wealth management firm Finansia Syrus Securities formed
a partnership with GTN, leveraging GTN’s trading platform and fractional
trading capabilities. This collaboration enables Thai investors to access
diverse assets across 29 global markets.
“Collaborating
with GTN aligns perfectly with our mission to expand the investment horizons of
Thai investors,” remarked Chuangchai Nawongs, CEO of Finansia. “By leveraging
GTN’s cutting-edge technology and global market expertise, we can empower our
clients to make informed investment decisions and seize opportunities
worldwide.”
A month
after this partnership, GTN joined forces with Revolut to introduce bond
trading for customers in the European Economic Area (EEA) through the Revolut
app. This launch allows Revolut users to buy bonds directly within the app’s
investment section. According to a press release from Finance Magnates, Revolut
integrated GTN’s instant click-to-trade functionality, supported by FIX and
REST APIs, to streamline bond trading for its users.
“This is
yet another step in Revolut’s mission to build an all-in-one investment
platform that is multi-asset class, has coverage across EEA markets, and caters
to both advanced and beginner users,” stated Rolandas Juteika, Head of Wealth
and Trading (EEA) at Revolut. “Bonds provide an excellent opportunity for
investors to diversify their portfolios with fixed income.”
Fintech firm GTN has secured authorization from the UK’s Financial Conduct
Authority (FCA), marking a significant milestone in its European growth
strategy. As CEO Manjula Jayasinghe stated, this expands the current regulatory reach, which previously covered Asia, the US, and the Middle East.
GTN Secures UK
Authorization, Eyes European Expansion
The
authorization enables GTN to offer Tripartite Model B services in the UK, a
model where three parties (investment manager, custodian and client) are
involved in the investment process, catering to wealth managers, fintechs, and
authorized trading firms seeking custody partnership solutions.
“The FCA
authorization aligns with GTN’s mission to support the vibrant European
financial and fintech ecosystem,” said GTN’s Co-Founder and Group
CEO, Manjula Jayasinghe, “GTN’s regulatory presence in the UK now
complements its existing operations in the US, Singapore, and Dubai, further
reinforcing its global reach.”
GTN, backed
by the International Finance Corporation (IFC) and SBI Group, has established a
global presence with over 500 employees across nine countries. The company’s
expansion into the UK market comes at a time of increasing demand for
innovative financial solutions in Europe.
The company provides investment and trading solutions that integrate with the services of
regulated financial institutions and fintech companies. Their platform offers
access to global markets and various asset classes, complemented by execution,
custody, and post-trade services.
This
regulatory approval adds to GTN’s existing licenses in the United States,
Singapore, and Dubai. The fintech recently focused on the expansion in the
latter, adding Saxo Bank veteran Ahmad
Abouardini as its new Relationship Manager and
Zaid Aloul as Chief Commercial Officer for the region.
GTN Partners with Finansia
and Revolut
In late
May, Thai brokerage and wealth management firm Finansia Syrus Securities formed
a partnership with GTN, leveraging GTN’s trading platform and fractional
trading capabilities. This collaboration enables Thai investors to access
diverse assets across 29 global markets.
“Collaborating
with GTN aligns perfectly with our mission to expand the investment horizons of
Thai investors,” remarked Chuangchai Nawongs, CEO of Finansia. “By leveraging
GTN’s cutting-edge technology and global market expertise, we can empower our
clients to make informed investment decisions and seize opportunities
worldwide.”
A month
after this partnership, GTN joined forces with Revolut to introduce bond
trading for customers in the European Economic Area (EEA) through the Revolut
app. This launch allows Revolut users to buy bonds directly within the app’s
investment section. According to a press release from Finance Magnates, Revolut
integrated GTN’s instant click-to-trade functionality, supported by FIX and
REST APIs, to streamline bond trading for its users.
“This is
yet another step in Revolut’s mission to build an all-in-one investment
platform that is multi-asset class, has coverage across EEA markets, and caters
to both advanced and beginner users,” stated Rolandas Juteika, Head of Wealth
and Trading (EEA) at Revolut. “Bonds provide an excellent opportunity for
investors to diversify their portfolios with fixed income.”
This post is originally published on FINANCEMAGNATES.
