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Finastra has sold its Universal Banking (UB) global core banking software business to Pollen Street Capital, a UK-based private equity firm. The financial terms of this acquisition were not publicly disclosed. This strategic move allows Finastra to divest a part of its software portfolio.
Eltropy, an agentic AI platform for credit unions and community banks, is making its AI Certification program more accessible. They are offering free enrollment to credit union and community bank professionals, and expanding the program through league partnerships and industry events.
The Financial Services Authority (FSA) of Seychelles is proactively providing guidance to the public on identifying genuine licensed Securities Dealers. Additionally, the FSA has partnered with the Chartered Institute for Securities & Investment (CISI) to improve professional standards in the capital market sector. Both the FSA and the Central Bank of Seychelles are also undertaking public consultations for a new Financial Consumer Protection Bill aimed at strengthening consumer protection within the financial sector.
FSA SeychellesThe Financial Services Authority (FSA) of Seychelles has issued an invitation for Expressions of Interest for auditing services for the Policy Owners' Protection Fund (POPF). Licensed individuals or audit firms in Seychelles are invited to undertake professional auditing services for the POPF accounts administered by the FSA. The performance period for these services is set for three consecutive years.
FSA SeychellesThe Financial Services Authority of Seychelles (FSA) has identified MX Global Ltd as the entity operating the MEXC cryptocurrency exchange platform without the required license under the Virtual Asset Service Providers Act, 2024. Despite previous warnings and investigations, MX Global Ltd has not obtained authorization for its virtual asset activities in or from Seychelles. This action follows continued complaints and a targeted supervisory exercise by the FSA.
FSA SeychellesThe Financial Services Authority (FSA) of Seychelles has issued a statement regarding its operations and expectations for the insurance sector during the COVID-19 pandemic. The FSA deems insurance services essential and encourages the industry to continue providing services while adapting operations based on Business Continuity Plans. Licensees are advised to liaise with Seychelles Police for travel passes for staff, as the FSA closely monitors the situation and collaborates with stakeholders.
FSA SeychellesThe Financial Services Authority (FSA) announced the resumption of normal office hours starting May 4, 2020, following the extension of public health orders in Seychelles. While resuming regular operations, the FSA emphasizes adherence to health recommendations such as physical distancing. The authority continues to promote digital communication for transactions and will provide updates as the situation evolves.
FSA SeychellesMs. Zenabe Daman is currently serving as the acting Chief Executive Officer of the Financial Services Authority (FSA) in Seychelles. The FSA has begun the process of appointing a new CEO and has published a vacancy advertisement, which will remain open until August 5, 2022. The FSA thanks its licensees and stakeholders for their continued support during this transition.
FSA SeychellesAML-CFT Supervisors in Seychelles have signed a Joint Enforcement Policy. This policy, released on September 26, 2025, aims to strengthen the enforcement of Anti-Money Laundering and Counter-Financing of Terrorism regulations. The details of the policy are available for download through an attached PDF document.
FSA SeychellesThe Financial Services Authority (FSA) of Seychelles is transitioning to a work-from-home arrangement in line with a national energy conservation initiative but assures stakeholders that service delivery will not be impacted, encouraging digital submissions. This measure is in compliance with a government circular, allowing regulatory functions and processing timelines to continue as normal.
FSA SeychellesThe Financial Services Authority (FSA) of Seychelles has announced the temporary closure of its offices at Bois de Rose and Providence from April 9, 2020, until further notice. This measure is in response to the COVID-19 pandemic and aims to ensure the health and wellbeing of staff and stakeholders. The FSA advises licensees and stakeholders to adopt enhanced measures, including using electronic resources for communications, and will provide updates via its website and email.
FSA SeychellesThe Financial Services Authority in Seychelles is conducting a survey among policyholders to assess the impact of COVID-19 on the insurance sector in the country. The collected data will be compiled into a report highlighting key trends and opportunities for the sector, maintaining confidentiality for research purposes only.
FSA Seychelles