With numerous financial institutions subject to hefty penalties by the Financial Sector Conduct Authority , fintech and liquidity solutions provider, Finalto South Africa has positioned itself to offer a FSCA-approved regulatory umbrella to local FSPs.
As the Financial Sector Conduct Authority becomes more vigilant in penalising Financial Services Providers for violating Financial Markets Act 2016 restrictions, Finalto SA would like to reemphasise its position as a leader in the market-making space for South Africa. In light of these regulatory warnings, Finalto reaffirms its position as a fully licensed and compliant market maker, which continues to strive for reliability and excellence.
“We’ve observed recent penalties imposed by the FSCA on unauthorised OTC activities. With Finalto’s extensive experience in fintech spanning two decades, coupled with a solid reputation for credibility and trustworthiness, we are uniquely positioned to offer a FSCA-approved regulatory umbrella to any local FSP looking for peace of mind in a regulated landscape. Compliance is non-negotiable.”