GTN Receives FCA Authorization for Expansion
GTN, a leading global fintech company, is excited to share that it has officially secured authorization from the UK Financial Conduct Authority (FCA). This significant milestone not only validates GTN's status as a prominent player in the fintech industry but also allows the company to broaden its spectrum of investment services within the European market.
Enhancing Services for European Financial Community
With the endorsement from the FCA, GTN plans to introduce Tripartite Model B services tailored for wealth managers, fintech firms, and other organizations that manage trades on behalf of clients while depending on a partner for custody services. This initiative aims to better meet the needs of an evolving financial landscape.
Statement from GTN Leadership
"We are thrilled to officially launch our European subsidiary and are excited to add the UK to our portfolio of regulated entities. The FCA authorization is a key step in our mission to bolster the dynamic European financial and fintech ecosystem," said Manjula Jayasinghe, co-founder and Group CEO of GTN. He added that, "GTN's regulatory presence in the UK enhances our operations in other significant markets including the US and Asia, contributing to our objective of serving clients across a global framework."
Meeting the Demand for Innovative Financial Solutions
GTN's international presence and profound understanding of the fintech environment position the company well to cater to the increasing demand for fresh financial solutions in Europe. This strategic move aims to provide innovative services to a diverse clientele while ensuring compliance with rigorous regulatory standards.
About GTN
GTN stands as a pioneering force in the fintech space, boasting decades of expertise with broker-dealer and capital markets service licenses in various regions through its subsidiaries. The company is dedicated to empowering brokers, banks, asset managers, and fintechs with innovative and scalable trading and investment solutions, enhancing accessibility to a worldwide network of financial markets and asset classes.
A Diverse and Talented Team
With a dedicated team of over 500 professionals spread across multiple countries, including South Africa, the UK, the US, and various locations in Asia, GTN is united by a common mission: to empower clients and transform investment and trading accessibility for everyone. Each team member brings rich experience and passion to the table, forging a path for greater client success.
The Visionary Backers
GTN is proudly backed by renowned investors, including the International Finance Corporation (IFC), a member of the World Bank Group, and SBI Group, a prominent player among financial firms listed on the Tokyo Stock Exchange. This strategic backing further strengthens GTN's position to drive innovation in the financial services industry.
Connecting with GTN
If you're eager to learn more about GTN's services and innovations, please visit their official website or connect with them on LinkedIn for updates and insights into the fintech landscape.
Frequently Asked Questions
What does FCA authorization mean for GTN?
The FCA authorization allows GTN to extend its range of investment services within the European market and operate as a regulated entity in the UK.
What are Tripartite Model B services?
These services cater to wealth managers and fintech firms that need to trade on behalf of clients while relying on a partner for custody services.
Who is the CEO of GTN?
Manjula Jayasinghe serves as the co-founder and Group CEO of GTN, leading the company through its expansion efforts.
How many people work at GTN?
GTN has a diverse team of over 500 talented individuals across various countries dedicated to supporting clients in the fintech space.
What companies back GTN?
GTN is backed by strategic investors including the International Finance Corporation (IFC) and SBI Group, enhancing its operational capabilities and market reach.
