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Fb, Sq., PayPal and Others Instructed to Hand Over Funds Data to Client Finance Watchdog

Six tech giants, together with Fb, Sq. and PayPal, have been ordered handy over data referring to funds to the U.S. client finance watchdog.

  • The Client Monetary Safety Bureau (CFPB) has requested details about the funds merchandise, plans and practices of Google, Amazon, Apple, Fb, Sq. and PayPal.

  • Of the six corporations, Fb, Sq. and PayPal’s fee providers have all ventured into the crypto business.

  • The CFPB has been taxed by Congress with making certain competitors is truthful in funds markets, given the immense scale of this group of corporations and due to this fact their means to

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Square to create new bitcoin-focused business

A Bitcoin (virtual currency) logo is pictured on a door in an illustration picture taken at La Maison du Bitcoin in Paris May 27, 2015. British authorities have come out in support of digital currencies in the name of promoting financial innovation, while proposing that regulations should be drawn up to prevent their use in crime. But it is technophiles who are leading the drive to make London a real-world hub for trade in web-based “cryptocurrencies”, of which bitcoin is the original and still most popular. Picture taken May 27, 2015. REUTERS/Benoit Tessier

July 15 (Reuters) – Fintech company Square

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Castel transforms Square Pegs e-trading platform into standalone cell

Castel Underwriting Agencies, the club-style MGA formation platform, has announced the transformation of its Square Pegs SME e-trading solution into a standalone underwriting cell.

The move is in response to strong profitable business growth since launching as part of Castel’s specialty division in 2019.

Square Pegs enables brokers to obtain coverage for more challenging risks, including those with a complicated mixture of trade activities within a business, those operating in “high risk” locations or with non-standard or unusual product types and firms with prior financial difficulties including liquidation or bankruptcy.

Brokers use Square Pegs’ online trading platform to quote and

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Square Pegs Becomes Castel Underwriting Cell, Offering Cover for Complex SME Risks

Square Pegs, which offers specialist insurance coverage for complex and unusual risks via a dedicated e-trading platform, has become a standalone underwriting cell within Castel Underwriting Agencies Ltd.

Focused on small and medium sized enterprises in the UK, Square Pegs enables brokers to obtain coverage for more challenging risks. These include businesses with a complicated mixture of trade activities, high-risk locations, non-standard or unusual product types, and firms with prior financial difficulties including liquidation or bankruptcy.

The move is in response to strong and profitable business growth since launching as part of Castel’s specialty division in 2019. Brokers use Square

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