Reviews of Banks & Financial Institutions

With so many financial institutions to choose from, it can be hard to know who to trust. Money-Gate ever-growing list of bank reviews is updated regularly

Intergiro products and services: International business made easy thanks to 8 multi currency accounts with...

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Valyuz is a leading electronic money institution registered and regulated in Lithuania and in Europe....

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Contact sales for account opening Wallester is a fundamentally new approach to business expense management...

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Read Interview with Mantas Staliūnas, CEO   Verifo is a modern payment platform for your contemporary...

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A fully mobile banking experience, tailored to your needs We're a fully fledged bank, meaning...

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Everything you need for effortless spend management - Prepaid company cards, Simplified reporting, mobile app,...

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Barclays plc is a British multinational universal bank, headquartered in London, England. Barclays operates as...

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Digital banking innovation ideas - The technology company Stripe creates software for businesses to facilitate online...

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  Free IBAN accounts in 10+ currencies, Free Visa Card accepted worldwide, 24/7 Access on...

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interview with Yudi Soetjiptadi, CEO of Eventus International

Interview with: Mr. Yudi Soetjiptadi, Managing Director of Eventus International

Visit SPiCE India webpage

1. What has been happening in the gaming industry since lockdown caused by Covid19 has ended?

During the shutdown, frequent gamblers shifted to new internet possibilities. Data showed increasing profits from online gambling during the shutdown, particularly in esports and virtual sports, which has seen a sharp rise in popularity as the usual betting on live sporting events was put on hold. There is no denying that the iGaming industry has experienced a great amount of growth in recent years. iGaming will continue to expand as casinos gaming providers continue to draw new customers, particularly after many people developed a taste for this particular pastime as they were focussed on finding new activities when experiencing events like lockdowns during the Covid 19 pandemic.


2. What makes SPiCE India 2023 different from previous SPiCE events? What new and exciting aspects does it have?

As Eventus International prepares for its 4th annual edition of SPiCE India, we have come a long way. We were the first event organisers to penetrate the Indian subcontinent gaming industry by providing a strategic platform for gaming leaders to connect in this particular region. The 2023 SPiCE India edition will however strongly focus on the current stand of the Indian government regarding regulating the industry. What could happen if/when the market is regulated and the estimated timing to be legalised? The pros and cons between regulating and not regulating the market will also be examined. We will also hear about the lessons learnt from other countries as well as the challenges and opportunities in the industry. With a glamorous pre and post event party, as well as a specially curated poker tournament for the attendees, SPiCE India 2023 will be a fantastic event for participants and attendees.


3. What is in store for the future of the Asian gaming industry? 

Asian gaming industry is currently witnessing tremendous growth and this trend does not look set to abate any time soon. This is due to the population, easy access to mobile phone, low cost internet, and younger generations who are more tech savy.


4. There are many Asian conferences in the gaming industry for next year. What is SPiCE India’s main value for attendees? 

Attendees can expect a well-structured agenda based on years of experience from the event organisers. We have grown substantially globally and have matured our approach to create an optimal environment for attendees to not only offer an opportunity to join vital discussions, but will also showcase various products and services in the gaming vertical on the extensive exhibition floor, and offering attendees valuable opportunities for investing in the gaming industry and taking their business to an international level.


SPiCE India 2023 will also be the “go-to” event to those looking into entering or investing into the gaming business. The event will not only offer a discussion platform, but will showcase various products in the gaming vertical.


5. How will attendees be connecting with each other at the event?

SPiCE India has a strong platform for attendees to network during the conference where there will be multiple chances to connect and collaborate with industry peers in a relaxed and professional environment. Delegates can look forward to network and getting advice from various stakeholders in the gaming ecosystem such as gaming operators, affiliate marketing companies, payment solution providers, platform providers, lawyers, tax accountants, consultants and gaming advisors to the gaming industry from around the world.


6. Why choose Eventus events? 

Eventus International is a dynamic summit and exhibition company that connects leaders with leaders and turns opportunity into possibility. We utilise our vast networks and expertise to create forward thinking summits that align best practice and industry development with empowering content and outstanding networking opportunities. Our summits and exhibitions have a longstanding reputation for gathering primary stakeholders in the industry to discuss the future of the gaming sector. We operate in profitable vertical industries with significant international growth potential while promoting the growth of emerging markets. Every summit we produce is designed to provide practical solutions to strategic, tactical and technical challenges and shed light on new opportunities in the sector. We are renowned for producing exclusive, niche events, hosting C-Level executive audiences and gathering decision makers under the same roof while ensuring gender diversity and inclusion throughout.

Top random number generator companies for gaming software

GBO’s team will assist you to find the top random number generator companies for gaming software

All online gaming operators must build a random number generator (RNG) into their system which is the fundamental element that provides the randomness necessary for the outcome of digital games to be based on chance. The purpose of an RNG is to provide an element of randomness into the game. It performs the same function as a dealer shuffling the decks of cards for blackjack and poker or spinning the wheel for roulette in a live casino.
For a gaming website to get and keep the reputation of honesty and fair play, it needs to be able to display a certificate that its payouts reflect a fair and equitable chance for players to win.


In many jurisdictions, a gaming site can only obtain a license when it has either purchased an RNG from a reputable supplier that has its own license from the relevant authorities, or has developed its own software that acts as an RNG and has submitted the application for review and approval by independent authorities.


GBO has been involved in advising prospective and established online gaming operators for more than twelve years, with our team of experienced specialists able to help you in every step from incorporation in the country of your choice through application for all required permissions, setting up the necessary banking infrastructure, and launching your gaming site. Talk to us to get the full picture of how you can establish a flourishing online gaming operation in the shortest possible time and at the minimum possible cost.

Find out how we can help you to find the best random number generator provider to validate your gaming/online casino software

WhatsApp or Telegram us: +972504938469, email us: [email protected]

    What is a random number generator?

    A random number generator, or RNG, is a computer application that can generate numbers randomly and in a manner that makes it impossible to predict the sequence of upcoming numbers. RNGs are programmed to produce a stream of numbers that cannot be predicted and that do not follow any pattern.
    Typically, the RNG can be based on one of two methods – PRNG (Pseudo Random Number Generator) and TRNG (True Random Number Generator).
    PRNG generates a logic-based random number based on an initial seed, which may not in fact be a completely random number. TRNG, on the other hand, generates a true random number which is generated from a seed derived from some unpredictable outside signal called the entropy source (for example, noise). For this reason, the random number generated by TRNG is harder to predict because the seed for each calculation is generated based on a physical source whose value is always unknown.

    Therefore, random number generation from TRNG is a safer method because it is difficult to generate the same seed value. PRNG, on the other hand, is a deterministic system so the generated random number can only be guaranteed to be safe when the initial value (the seed number) cannot be reverse-engineered or guessed by analysis of the actual output.

    RNGs are used almost everywhere in daily lives, such as security applications, password validation and statistical sampling.
    How do online casinos use random number generators?
    What is the purpose of an RNG in an online casino? Casino sites use RNGs to introduce randomness into games. There can be no element of human interaction. It works as a card shuffler for games like blackjack and poker, as a number generator for roulette, dice and keno, or even something as simple as flipping a coin or rolling the dice.
    The RNG system used by casinos produces a constant stream of random numbers which are then picked up by the individual games to be transformed into different elements that are recognized by players. For example, picking one random number out of the stream of numbers put out by RNG will set the winning number on the roulette wheel that the ball comes to rest in, the point at which each of the reels on a slot games will stop, the sequence of cards in the pack the hands will be dealt from in card games, and the numbers rolled in a dice game.

    What is a random number generator certificate?

    The most reputable jurisdictions that allow online casinos to operate have stipulated that any casino must obtain an RNG certificate that proves that the random generator that is built into its software is fully random (either TRNG or PRNG). For this, the casino needs to apply for a random number generator certificate from one of the recognised bodies that have been established in countries like the UK, USA, Australia and some EU member states.


    How much does a RNG certificate cost?

    Depending on your exact circumstances, such as the country in which the online casino is being set up, the range of games being offered, and the type of RNG being used, the cost of certification can run from around €3200 and more. When you have a better idea of exactly what your needs are, talk to us here at Money-Gate so that we can locate the right certificate on your behalf.

    How do I get RNG certified?

    Some of the best known bodies that can produce accepted certificates include eCOGRA (eCommerce Online Gaming Regulation and Assurance), TST (Technical Systems Testing) and iTechLabs. The final choice will depend on the final jurisdiction in which you are going to operate, as well as whether you are planning to build your systems with PRNG or TRNG.

    These certificates are considered trustworthy by most of the jurisdictions. As well, players are aware of the importance of trusting their gaming to reputable casino sites that only use accredited RNGs. They look for the seal of approval from these certifiers so that they can rest assured that games will be fair.
    The process involves either submitting the programming code if it is based on PRNG, or the physical device on which TRNG runs. After receiving the certificate, it must be published on the pages of the gaming site.

    What is RNG certification?

    The process of issuing a certificate involves evaluation of the fairness of the RNG to ensure game payout verification of the fairness and equity in online gaming, and also security and penetration testing. Other factors like the payout percentages also need to meet the regulations of the country you are based in, to ensure that games are not rigged in any way. RNG certification assures clients that they can be confident in the reliability and honesty of your online casino.

    New trends in banking 2023

    Online banking has had the most profound effect on the banking sector over the last decade. The rate of change is accelerating, and is changing the whole customer experience.


    In 2023, automation of the customer interface and the application of advanced technologies like Artificial Intelligence and Machine Learning are going to be helping users to receive answers to their queries much faster and more efficiently without human intervention on the bank’s side. Clients will now expect to locate all of their relevant information much faster and be able to initiate the full range of transactions in real-time, 24/7, directly from their mobile banking application. Both financial service providers and customers must keep abreast of the impact that these changes are going to have over the coming year.


    At Money-Gate, we have worked with leading-edge financial institutions and customers in the digital banking, online gaming and cryptocurrency sectors for over 14 years. Whatever your needs or problems are when you are faced with this explosion in the depth and range of corporate banking and financial services, we have the expertise and knowledge to guide you through every step that you need to keep ahead of the changes.


    Expected trends for financial service providers in 2023

    We expect that the core banking trends in 2023 for participants in the banking industry will come from the profound impact of technological innovation. Until recently, much attention has been paid to overhauling the legacy processes in order to be able to meet changing customer requirements. Now, for most advanced banks, the focus will shift to maximising profitability in order to improve RoI as financial institutions are dealing with a difficult economic picture.


    General economic instability brought on by high inflation and the forecast of recession in major economies is pushing banks to put a new focus on innovation as a means of improving returns. The prospects for overall revenue growth are receding in the medium term, so financial institutions are looking for savings from efficiency initiatives derived from advanced digital technology.

    One way this will be achieved is by developing super-power applications offering full cross-platform features and functionality.


    Expected trends for customer demands from financial service providers in 2023

    The introduction of chatbots and humanoid robots is likely to revolutionise the financial services sector in 2023. Banks are deploying this technology as the first step to taking customer interactions into a wholly automated space. This will facilitate instant transactions, being able to offer individualised products and services full-time, and to shift away from the street-level banking scenario completely.


    Reforming the concept of money

    Blockchain has brought a quiet revolution for businesses, quite separate from the image bitcoin introduced of a highly speculative and unstable platform. Blockchain for business is changing some traditional business concepts, with processes like peer-to-peer transactions, digital transactions and settlement of trade and digital payments, eliminating intermediaries and accelerating the underlying processes. Blockchain technology will introduce substantial operating cost savings as more banks and financial institutions engage fully.


    Digital Transformation

    Digitization and the introduction of advanced technologies is both improving the banking sector’s operational efficiency, and delivering superior customer experiences through self-service digital channels on mobile and online banking channels.

    Digital banking trends in 2023 will allow banks to shift increasingly from face-to-face actions to fully digitised services. Banks will be offering advanced targeted service on a whole range of new devices that duplicate the functionality of smartphones but are more user-friendly and portable.


    Fintech companies will become increasingly associated with traditional banks.

    Many traditional banks will need to exploit the opportunities of the financial services trends in 2023 presented by digital evolution. Because they have already fallen behind the more advanced offerings of Fintech service providers, the movement will be either to spend considerable time and money to develop their own equivalents by expanding their systems in-house or by partnering with established Fintech companies that can slot into the gaps. Until now, Fintech companies were seen as competitors that only took advantage of the gaps that were due to the traditional banking industry’s failure to catch up with technological developments.


    In future, partnerships between banks and established Fintech institutions will become more common. These partnerships will fundamentally reshape the financial services sector. Fintechs can provide banks with established and proven tech-enabled banking services. At the same time, the association offers Fintechs access to much broader customer bases and improves their image of security and stability.


    In an opposite trend, Fintech service providers can also choose to become more directly competitive with standard banking operators. Neobanks, also known as digital-only banks, can offer some of the same services as traditional banks without any face-to-face interface. Customers use simple online interfaces to perform their transactions and rarely require communication with bank personnel. In this mode, Neobanks represent the leading edge of the mobile banking trends in 2023.


    Neobanks benefit from lower startup costs, improved reaction times in transactions for customers, and lower charges. These institutions can operate with considerably lower cost structures and pass these savings to customers, in the form of lower transaction fees or higher interest on their savings.


    Building up the customer’s banking experience in 2023

    In 2023 and beyond, one of the main driving forces for change impacting the banking and financial services industries will be the need to meet customer experience expectations. The main aspects of this open banking trend in 2023 and beyond are the need for financial institutions to provide an omnichannel banking experience, which means that customers can move seamlessly between their actions (mobile, online or face-to-face) without needing to initialise the action each time. For this to work, it is essential that the user experience can be personalised, with the interactions being based on knowledge of the customer’s needs and past experiences and requirements. Personalising means that the customer will build a deeper relationship with their bank and be less inclined to shop around in the highly competitive market. To provide a fully personalised experience, the bank needs comprehensive and up-to-date data on which it can apply the powers of Artificial Intelligence and Machine Learning. This power will generate insights that help understand customer needs better and offer targeted marketing of products and services. 


    Open banking trends in 2023

    In general, banks and financial institutions can select from an extensive range of technologies without having to invest considerable time and money. As part of the more significant trend towards Software as a Service (SaaS) replacing in-house application development, the movement inside the financial sector is towards open banking. 


    Financial institutions can add new abilities to customers by opening up their own applications to third-party application programming interfaces (APIs) that provide new services. Expanding to these open banking trends in 2023 will allow banks to collaborate with Fintechs and not to compete with them. Open banking allows for cooperation with third-party payment and other service providers to share access to customers’ data between banks and financial institutions in a fully secure environment.



    What are the latest trends in banking?

    Focus in the banking and financial services industry is turning toward future innovation that will be increasingly driven by technology. Some key trends driving these innovations are a collaboration with FinTech, ongoing digital transformation, and the increasing role of AI and robotics. As customer demands and lifestyles change, institutions should redefine themselves in terms of becoming agile technology users.


    What is the future technology in banking?

    New technologies like artificial intelligence (AI), blockchain, and Internet of Things (IoT) will have a growing impact on banking through 2025.


    What technology trends are affecting banking?

    As banks consider to set their priorities for 2023, predictive AI, robotic services and consumer’s growing demand to pay for digital services and goods in the metaverse are among the top bank technology trends for financial institutions.


    What is a neobank account?

    A neobank (AKA internet-only bank, online bank, digital bank or virtual bank) is a financial service provider that operates purely through online interfaces, without physical branches or face-to-face customer interactions.

    Best banking apps in the world

    Mobile banking has changed the face of financial transactions around the world, and is continuing to evolve at an unprecedented rate.


    At the heart of this revolution has been the ability of banks to provide simple user interfaces on hand-held devices that give customers quick, efficient, convenient and secure access to all their banking needs in a single application that goes with them wherever they may be.


    The enormous range of choices that individual customers can get from competing banks has made them extraordinarily discerning. Even first-time users demand a range of functionality that they would not have expected from old-fashioned banks.


    Regarding the degree of customers’ selectivity, European banks score better than their global rivals thanks to the advantages of being in the largest pool of users and service supplies with shared regulations, as well as a broader catalogue of easier-to-use and often customisable functionalities. European banks also offer a more comprehensive range of investment and banking services built-in to their apps.


    Banks cannot just offer a digital banking experience. It needs to be seamlessly integrated with the entire customer experience and also be adaptable to customers’ individual preferences and needs. The pressure on banks to develop user-friendly and comprehensive mobile apps is intense, because the Open Banking wave gives customers easy access to a range of financial services via a single interface.


    GBO has worked with both financial institutions and their customers in Europe for nearly fourteen years, providing advice and guidance for company setup, licensing and development in the banking, online gaming and cryptocurrency sectors.

    Our team of highly skilled experts can respond to all of your needs quickly and with complete dedication and privacy. Contact us with any questions or requests.

    Find out how we can help you to open business bank account in Europe

    WhatsApp or Telegram us: +972504938469, email us: [email protected]

      How to choose the best banking apps in the world

      Rating mobile banking apps can be done on a few different scores. In one, the size of the bank can be used as a scale. Larger banks have the resources to develop the most comprehensive apps. On the other scale, the focus can be on functions that suit the customer’s specific needs.
      Mobile apps allow you to conduct all of the banking, borrowing and saving actions without visiting a bank branch. All activities are initiated on a mobile device and will enable the customer to view account balances, make payments, transfer funds and buy new financial services all in one interface.


      What to look for in basic features of banking apps

      The best banking apps in the world offer a combination of the following features as a minimum.

      • In many cases, these are enhanced with more specialised functions that can suit individual customers’ needs.
        Apple and Google Pay
      • Biometric (face and fingerprint) login or two-level authentication
      • Ability to freeze & unfreeze online transactions
      • View card pin
      • Quick balance view
      • Send money directly via the phone contacts
      • Allowing for push notifications on spending
      • Toggle contactless payments
      • Toggle online transactions
      • Toggle ATM withdrawals
      • Allow access to investment facilities
      • Allow for in-app rewards


      The following is a list of mobile banking apps ranked as being the best mobile banking apps for Android in 2022. In general, the same apps are also rated for iPhone devices, but there is some difference in their popularity – we show the relative popularity for the top 20.

      Best mobile banking apps for Android

      Ranking Name
      1 BankMobile App (= #2 in iPhone)
      2 Bank of America Mobile Banking (= #3 in iPhone)
      3 Chime – Mobile Banking (= #1 in iPhone)
      4 iMobile Pay by ICICI Bank (= #15 in iPhone)
      5 HDFC Bank MobileBanking (= #10 in iPhone)
      6 Kotak811-UPI, Payments & Loans (= #13 in iPhone)
      7 Axis Bank Mobile Banking (= #11 in iPhone)
      8 Capital One Mobile (= #4 in iPhone)
      9 IDBI Bank GO Mobile+
      10 PNC Mobile (= #7 in iPhone)
      11 PNB ONE
      12 BOI Mobile
      13 Yono Lite SBI
      14 FirstMobile (= #16 in iPhone)
      15 YES BANK
      16 Chase Mobile (= #5 in iPhone)
      17 Revolut
      18 UBA Mobile App (New)
      19 Zenith Bank Mobile App
      20 Discover Mobile (= #7 in iPhone)
      21 Net Banking App for All Banks
      22 LANDBANK Mobile Banking
      23 UnionBank Online
      24 N26 – The Mobile Bank
      25 IPPB Mobile Banking
      26 Credit One Bank Mobile
      27 Security Bank Mobile
      28 Varo Bank
      29 Metrobank Mobile Banking
      30 Monzo - Mobile Banking
      32 BPI Mobile
      33 GTBank
      34 Popular Bank Mobile
      35 Monese
      36 Wells Fargo Mobile (= #6 in iPhone)
      37 Citi U.S. Mobile App
      38 Sterling OneBank
      39 HB Padie by Heritage Bank
      40 GoBank - Mobile Banking
      41 UBA Mobile Banking
      42 HSBC Mobile Banking
      43 Access Bank Plc
      44 ONE Bank App
      45 UCPB Mobile Banking
      46 China Bank Mobile App
      47 BDO Digital Banking
      48 EastWest Mobile
      49 PSBank Mobile
      50 RCBC Digital

      The following is a list of the twenty best digital banking apps in iPhone that are not members of the above list:

      • U.S. Bank Mobile Banking (#9)
      • Aspiration Spend, Save & Invest (#12)
      • Mint (#17)
      • Schwab Mobile (#19)
      • U.S. Bank Relia Card (#20)



      What is the best free mobile banking app?

      Based on how well each app matches the clients of individual banks, the ten most highly rated apps are:

      • Alliant Credit Union
      • Bank of America
      • Chase
      • Chime
      • Discover
      • U.S. Bank
      • USAA
      • Varo Bank
      • Wells Fargo

      Can I do banking on my iPhone?

      There are many banking apps as well as the native Apple Bank Mobile Banking function. These let you pay bills, transfer funds, deposit checks, and other facilities that individual banking apps cater for.

      What is the difference between online banking and mobile banking?

      Online banking can be done on any device that has an internet connection (such as a desktop or laptop computer, smartphone or tablet) and a browser. It does not require a downloaded app. Mobile banking requires an app that has been installed on a portable device, such as a tablet or smartphone.

      Interview with Gustaf Hult, Head of BaaS sales, Intergiro

      Interview with: Gustaf Hult


      Head of BaaS sales at Intergiro – Banking as a Service is something that is here and now, and not only a buzzword. Gustaf is on a mission to change the way businesses operate by making embedded finance a reality. He believes that this will help companies access new revenue streams, improve customer experiences, and reduce transaction costs.

      Contract Gustaf in LinkedIn

      1. What can you tell us about Intergiro?

      Intergiro is a Swedish fintech company that functions as a complete financial ecosystem, as it provides a comprehensive variety of financial solutions such as business banking, Banking as a Service (BaaS), and card acquiring services to businesses in Europe. The APIs we deliver allows businesses to automate their full financial flow or provide banking services to their customers.

      A key differentiator is that, as a card acquirer, card issuer, and licensed banking provider, our BaaS clients only need to partner with Intergiro to receive, exchange and send funds, either via card or bank wire. This also means that customers can on-ramp money into their platform or product faster than with any other financial player in the industry.


      2. Please describe your industry/main markets.

      The industry has been lagging behind for some time, as legacy banks have acted as gatekeepers and found it difficult to adjust to new demands from customers. Our main markets are those product builders, innovators and disruptors who would rather get their services delivered digitally and fully automated instead of waiting in line at a traditional bank branch.


      3. What are Intergiro’s unique points in the banking industry?

      Our API-based financial infrastructure enables us to offer banking services that are uniquely bundled and customized for our clients. This infrastructure provides our customers with a one-stop shop for all their financial needs, and gives us a competitive advantage in terms of convenience. For example, in merchant acquiring, banks usually only sell their presence – but we want to be there all the way, without the need to stitch an offer together yourself.


      4. What are Intergiro’s strengths?

      We’ve built everything in-house, so our team is quick-paced and always up for a challenge. This also means that we can deliver full blown card programs in weeks instead of months (or even years). A few years ago, this speed of delivery would have been unheard of.


      5. What can you tell us about the Swedish banking environment?

      Sweden’s banking sector is highly concentrated, with a few large traditional banks dominating. As I mentioned earlier, it’s these types of legacy banks that have served as gatekeepers in the industry, which has made it difficult for new players to enter and compete. As a result, competition in Sweden’s banking market is very limited.

      Initiatives like P27, which would make the Nordics an integrated region for cross-border multi-currency payments, do offer some hope. However, for them to be successful, many obstacles must be overcome. Not only must domestic banks agree to participate, but cross-border cooperation must also be streamlined. It takes time, and there’s always a risk that by the time P27 goes to market, its standards will already be outdated. But with continued commitment from all involved, it’s only a matter of time before the Nordics become a truly integrated region.


      6. Regulation – how does Intergiro cope with the regulations?

      We are a fully licensed EMI (e-money institute) through the Swedish Financial Supervisory Authority (Sv. Finansinspektionen, FSA). We have a sophisticated compliance department and a great legal team. Being at the forefront does not mean you can compromise with regulation in any way, but you shape the future. We are certain that many companies really appreciate partnering up with an institution that they can trust has taken care of all the tough parts, leaving them to focus fully on adding value to their clients.


      7. What are your latest developments?

      Our latest development is a remarkable feature that allows clients to use any asset and connect it to a card, whether virtual or physical, without the need to have a specific solution in place at the point of checkout. This is the great advantage of bundling financial services together again, as we can simultaneously act as the acquirer, card issuer and licensed banking provider. Our bundled services are what allow these transactions to take place in real time. For example, you could use loyalty points at 7-Eleven, Co2 emission certificates to pay for gas, or utilize crypto at a supermarket. The possibilities are endless, the only limit is your imagination.


      8. How do you approach cryptocurrency as a payment method?

      Cryptocurrencies are here to stay. They have the potential to revolutionize payments, and I personally believe that all companies should be licensed in order to operate within this industry. In all honesty, crypto companies are pioneers in the payment industry and therefore warrant close attention. At Intergiro, we aim to make life easier for everyone by facilitating a bridge between digital and fiat currencies.

      Additionally, we see a need for larger companies who may not be ready (or simply do not want) to have an FX-policy covering crypto. We can do an auto swap from digital currency to any of the currencies they support. In short, they will probably find that it’s not only useful to have a solution for crypto, but rather it will be a necessity. I think that traditional banks are lagging behind in this area and missing out on a great opportunity.


      9. What direction is the EMI industry going towards in terms of growth after the explosion of companies in the last few years?

      A good question really. I think it is now dependent not only on whether you are regulated at all but also on where you are regulated. As interest rates rise, so too does the pressure on companies and consumers to earn interest on their deposits. This can lead to an outflow of funds from EMIs, which in turn can divide the opportunistic from more long-lasting EMIs.


      10. Can you describe three main opportunities within the banking industry in Europe?


      1.Embedded finance

      In today’s world, convenience is key. People want to be able to get what they need without hassle or delay. This is especially true when it comes to financial products. Consumers want to be able to find and use all of their financial products in one place. There are many ways to do this, but one area that is often overlooked is embedded finance.

      Embedded finance refers to having all of your financial products in one place. This could be anything from a debit or credit card to a loan, and everything in between. Having everything in one place not only makes things more convenient for customers, but also helps to streamline processes and improve efficiency.


      2. Open banking payments

      Open banking payments are gaining momentum due to two key trends that started before the pandemic but have accelerated in the last 12 months. The first is the growing pressure to reduce operational costs, which has led to a demand for alternative payments. The second is the need to offer differentiated payment experiences as customers move to digital channels.

      As the potential of payment initiation becomes more widely accepted, there are still some key obstacles to mass adoption: few instant payment rails, low user awareness, and poor user experiences. Open banking has the potential to revolutionize payments, but it is still unclear how it will all shake out.


      3. Community based banking

      The banking industry is undergoing a material shift in how businesses and consumers bank with an explosion of new alternative offerings. One of the most interesting phenomena I believe that is developing as part of the fintech revolution is ‘niche banking’. The niche banking model helps meet the needs of a growing segment of the population who feel underserved by traditional banks.


      If you want to launch your own financial services centered around your communities, Intergiro is here to help. Our banking as a service solution, Intergiro.3d, allows you to leverage our state-of-the-art banking infrastructure to build financial services rapidly and at a low cost. Our suite of APIs are designed to help modern businesses build, adapt and thrive in the digital age, whether you are embedding financial services into your product, acquiring card transactions online or creating innovative new card programs.


      These are just a few examples of the opportunities that exist in the banking industry in Europe. With so much change happening, it is an exciting time to be involved in the industry. There are many ways to get involved and make a difference.

      Global Corporate services

      GBO’s team of experienced professionals are committed to providing you company &  banking  solutions to your business needs in different areas and across various jurisdictions.

      As it becomes increasingly complicated to conduct business in the rapidly changing and highly competitive world, there is increasing demand for expert guidance from corporate service providers. The labels used for this kind of service can be different, like business services, corporate services, management consulting, financial consulting and others, depending on whether you are in America, Europe, the UK or elsewhere and also on the area of business that your company is engaged in or the specific kind of service you are looking for.y exchanges.


      Our corporate services: Company formation, corporate bank accounts, gaming and crypto licensing, payments and cards

      Find out how we can help you with your corporate needs

      WhatsApp or Telegram us: +972504938469, email us: [email protected]

        These all describe basic activities that these company service providers can offer to a company. The client would engage the services of such a provider with specialized expertise in the area of business activity that the customer requires. Typically, the consultant is called in where there may be either some weakness in how the company is currently operating, or an opportunity to branch out into a new line or activity.

        GBO is an experienced corporate service provider with more than 12 years of experience specializing in digital banking, online gaming and cryptocurrency exchanges. We have been engaged by hundreds of companies in Europe to open the doors for them to these booming sectors, with a team of highly skilled and motivated workers dedicated to the success of your business. Contact us today to learn more about what we can provide for you if you are looking for a partner that can provide the best global corporate services.


        What do corporate services providers do?

        A corporate services company offers its customer specialist services, advice and guidance. The customer will have a specific objective for which it engages the services of the company service provider. Most corporate service providers offer a broad range of support, but some specialize in one or two narrower aspects of commercial activity. There are several very large global corporate service providers – the Big Four – that employ thousands of people with the whole range of management skills and training and have offices all over the world, but these companies are expensive to engage with and may be reluctant to take on new work from small or start-up clients.


        If you are engaging consultants for the first time, it is a good idea to look for a company that can demonstrate a history of activity in the business sector that your company is working in, or to find one that offers specialist services that are directly relevant to your problem or need.


        The types of corporate services that can be provided by consultants include:

        • General management & business consulting services
        • Company formation
        • Assistance with opening business bank accounts
        • Planning, budgeting and forecasting
        • Accounting and payroll
        • Banking and finance
        • New company setup
        • Compliance, due diligence supervision and reporting
        • Company secretarial services



        Can a corporate services provider help with my start-up?

        Many global corporate service providers offer their services in forming and managing new corporate structures in a specific jurisdiction. Money-Gate is one of the best global corporate service providers for small and mid-size businesses and start-ups in Europe. We have been providing these services all around the EU for more than a decade, and following up the incorporation of the company with the necessary support to assist our customers to go on and build a thriving business in the areas of digital banking, online gambling and cryptocurrency

        Cryptocurrency license in Poland

        We, at GBO, will assist you to obtain your Crypto license in Poland according the new regulation starting at Nov 2022


        If you want to know more about the opportunities available to you in Crypto Poland market, talk to our team of banking professionals at GBO International Financial Services. We have over 12 years of experience helping investors build profitable and viable digital banking services in Europe.

        Find out how we can help you obtain a crypto license in Poland

        WhatsApp or Telegram us: +972504938469, email us: [email protected]

          Polish cryptocurrency regulation

          Poland is a great opportunity for investors looking for a progressive and stable base in which to set up a cryptocurrency bank in the European Union.

          Poland does not see trading in cryptocurrencies as a financial audit matter. Virtual currencies are not part of the Polish financial market as defined by Polish legislation. However, in October 2021, new regulations were put in place controlling virtual currency transactions.

          What are the advantages of a crypto company in Poland?

          • Poland is a member of the broad world economy. This gives you direct access to a large number of potential customers.
            Cryptocurrency business opening in Poland is faster than other EU countries.
          • It is easier to get a Polish cryptocurrency license, avoiding more complicated licensing procedures in other EU member states.
          • Poland has dual tax treaties with different countries. For foreign investors, opening a branch in Poland offers significant returns.
            Poland has a very low corporate tax rate.
          • For your financial transactions, you can use the banking services provided by any bank or EMI registered in the EEA to open a bank account with your Polish crypto company.
          • The minimum capital requirement is only PLN 5,000 (approximately EUR 1,100).
            Currently, cryptocurrency companies are not part of the regulated financial markets, so they are not subject to regular financial monitoring or auditing.


          What is the scope of activity for a crypto business in Poland?

          A registered crypto trader can provide the following activities in the field of virtual currencies:

          • Exchange of fiat and virtual currencies
          • Swapping virtual currencies
          • Acting as a broker or agent in these activities
          • Providing digital accounts such as eWallet to customers. (Note: It is not permitted to store fiat currencies in a digital wallet.)


          Crypto regulations in Poland

          The Polish Financial Supervisory Authority (KNF) says that “In the Polish system, there are no regulations prohibiting the conduct of an activity as an exchange or an exchange office for cryptocurrencies, which means that conducting activities in the form of an exchange in cryptocurrencies, as well as trading in cryptocurrencies, is not prohibited and is therefore legal.”


          Regulations introduced in 2021 state that trading activities in digital currencies include exchanging between virtual and fiat or between other virtual currencies, creating markets for those exchanges, and creating digital accounts where customers store virtual currencies.

          In Polish law, ‘virtual currency’ is defined as a token that can be stored or transmitted electronically, traded for legal tender, accepted as a medium of exchange or settled in electronic commerce. Nor may it represent legal tenders issued by the National Bank of Poland or foreign central banks or other recognized public bodies such as the euro, which are accepted by countries that are members of the European Union. The definition of virtual currency also distinguishes it from electronic money, financial instruments, checks, and bank notes.


          How to set up a Polish cryptocurrency business

          In the following sections, we will identify what are the basic steps needed so that you can establish your operations in this market.


          Corporate requirements in Poland

          The primary requirement is that the Crypto Banking claim must be held by a company registered in Poland itself, not one with its registered office in a fellow member of the EU. However, ultimate ownership of the company is not restricted to Polish citizens, or even to citizens of other European Union or European Economic Area (EEA) countries.


          There are two options:

          • Acquire a company that is currently registered in Poland and that meets the requirements of registration as a cryptocurrency exchange.
            Set up a new company that abide by the steps to follow for Polish crypto company formation

            • Create a new legal entity in Poland following these steps:
              Prepare Articles of Association and Memorandum of Agreement
            • Prepare the prescribed AML/CFT (Anti-Money Laundering Law) and KYC forms
            • Open a corporate bank account with a recognized financial institution, EMI or bank within the EEA
            • Submit proof of identity of the company representative (e.g., a certified copy of the director’s passport – translated under the apostille into Polish if the representative is not a Polish citizen.)
            • Submit proof of address of the company (e.g. accounts showing a local business office with zip code)
              Submit information about company directors, Ultimate Beneficial Owners, and shareholders
              Apply for Polish Tax Service approval
            • Obtain a Polish tax number (PESEL)

          Our trained team here at GBO International Financial Services can provide you with all the necessary guidance and will assist in performing all of these steps. Talk to us before you start so that you do not miss out on any required steps.

          Since Poland is within the European Economic Area, the bank account for a  crypto company in Poland can be opened at any registered EEA payment institution. This does not require a physical visit and can be done remotely.

          Licensing a Polish company authorized as a cryptocurrency exchange

          In Poland, there is no formal licensing authority. You are only required to register the company with the Register of Organizations as being authorised to trade in cryptocurrency. This requires payment of the required government fees and production of your company’s Anti-money Laundering procedures in Polish.


          Can a Polish cryptocurrency exchange support fiat-to-crypto and crypto-to-fiat trading?

          There are no restrictions in Poland on the type of trading as long as the company adheres to the AML and KYC regulations. The conduct of individual transactions is supervised.

          However, fiat currency cannot be stored on behalf of customers. This is considered as investment activity and requires a separate licence.


          Can a Polish crypto company trade in ordinary currencies?

          Under current regulations, to store ordinary (fiat) balances on behalf of a customer can only be done by a company with a Polish payments licence.A Polish crypto company can only engage in fiat/crypto and crypto/fiat exchanges. Purely fiat transactions cannot be handled through the company’s bank account, since this is a service that requires a  separate licence.


          Is activity in cryptocurrencies legal in the European Union?

          According to the judgement of the Court of Justice of the European Union on October 22, 2015 (C-264/14), it is generally legal in the EU to conduct trading in the field of virtual currencies. Each country can set its own rules and regulations but they must adhere to the minimum level of control that was stipulated in that ruling.


          What is the corporate profit tax rate in Poland?

          Any company is classified as a small taxpayer in the first year of trading and subsequently when its sales in a single tax year did not exceed the złoty equivalent of two million euro. For small taxpayer companies, the Corporate Income tax (CIT) rate in Poland is nine percent. For all other companies, the rate is nineteen percent.

          Best Regtech companies

          Regulatory technology, usually abbreviated to Regtech, is becoming a widely used methodology applied in strictly regulated sectors like banking, financial services, healthcare (including pharma) and gaming.


          All of these sectors share the feature of being subject to strict government oversight, which requires conforming to regulations, monitoring activities and reporting in prescribed formats. There are the risks of substantial penalties being imposed if the required actions are not completed correctly and on time.

          In the past, the tasks had to be performed by each player on their own behalf, which involved considerable investment in infrastructure and expenditure on human resources. Fortunately, the past decade has introduced many revolutionary methods, the most applicable in the case of the companies subject to regulation being cloud-based services, SaaS, BaaS and Fintech.


          Cloud-based services shift the need for servers, networks and storage away from owned local facilities onto rented space that is supplied and maintained by third parties. This eliminates the need for investment of capital in depreciating assets, and ensures that the company is always using the most up-to-date and secure facilities.

          List of the best Regtech companies in Europe

          To assemble our survey of which companies are in the top Regtech companies list  we have surveyed the full range of offerings for mid-size financial institutions that are fully integrated with the most popular Fintech solutions and that also are based in European countries. As a result, these companies should be the closest in the top Regtech companies list for any financial institution looking to expand into the Regtech domain. It’s our advice to discuss your decision with our team of experts here at Money-Gate, because the list of choices is very wide and each possible solution has potential benefits that may suit your specific needs.

          Top regtech companies

          Name Field Description
          FenergoDublin, Ireland Identity Management provides financial institutions with digital client lifecycle and regulatory compliance technologies.
          ComplyAdvantage London, UK Compliance Provides AI-driven financial crime risk data and detection technology.
          BlinkingBelgrade, Serbia Transaction monitoring and auditing Blockchain-based digital ID solution that provides complete control over users’ data.
          OnfidoLondon, UK Identity Management Automates the process of identity verification
          Web-IQ BusinessParis, France Risk management Automated due diligence  solutions 
          acarda GmbHBerlin, Germany Regulatory Reporting Enables automated data distribution real-time regulatory reporting

          Software as a Service gives individual companies access to advanced computer systems without having to design and develop them themselves.

          Fintech was a major beneficiary of cloud computing and SaaS. Now financial institutions did not have to rely on face-to-face interactions with their customers, by offering all of their services online. There is also no longer a need for investment in hardware and software, because even companies with limited resources can now build sophisticated systems on rented cloud-based services using software that they can select from SaaS vendors.


          In our area of specialization, which is banking and finance, there is a strong cross-dependency between Regtech and Fintech because they share many overlapping areas of influence in an enterprise’s operations.

          One example of the overlap between Regtech and Fintech is in providing KYC (know your customer) services. In Fintech, KYC is designed to provide a simple, easy and friendly onboarding experience for new customers, but in Regtech, the KYC process has to conform to regulations. This can and often does shift the focus of the process away from the customer’s experience to the requirement for full disclosure and verification of details.


          Because Fintech and Regtech are both rapidly evolving technologies, any financial institution that is looking for proper solutions in these areas should get expert guidance from our team of experienced consultants. Money-Gate has over 12 years of experience consulting for both startup and established banks and EMIs, assisting them to obtain corporate and financial licenses, selecting the best clearing and payment solutions and all the other complex processes required for a successful financial institution.


          What is Fintech and Regtech?

          Fintech refers to processes that allow an institution’s customers to perform financial activities without human intervention. Automation of all functions, such as money transfers, check depositing and withdrawing funds, loan application, setting up savings and investment accounts and all the other activities that used to require a visit to a street-level bank branch can now be conducted with handheld devices and computers without the customer ever having to move. Also, sophisticated terminals allow customers to deposit checks, draw off reports and submit documentation 24/7 without face-to-face contact with bank staff. The benefits of this are greater convenience for customers, reductions in the institution’s operating expenses, eliminating ‘brick-and-mortar’ locations, and improvements in security.

          Regtech works in parallel with Fintech, controlling the regulatory aspects of the institution’s business. In order to operate an accredited financial institution (banks, EMIs and Fintechs), the enterprise has to conform to the relevant monitoring, reporting and compliance regulations. Oversight of operations by regulators requires transparency of the operations, consistency in reporting and standardized operating processes.


          Regtech in banking is intended to achieve several goals, including:

          • Standardization of operations to ensure adherence to regulations
          • Digitization of compliance processes
          • Automation of reporting

          Regtech compliance systems are designed to identify and address areas where the institution’s existing modes of operation are at risk of breaching regulations. At the same time, the best Regtech solutions will also promote far more efficient regulatory compliance and provide higher-quality outcomes at a lower cost.

          Regtech technology provides cost savings both to regulators and to financial institutions. Another significant benefit for financial institutions is that proper conformance to regulations can help avoid fines and penalties in case anything goes wrong.


          One of the drivers of Regtech was the aftermath of the 2008 financial crisis, which saw  US$200 billion levied against banks that were at fault for non-compliance. Faced with the expenses for individual institutions in designing and developing their own systems, there has been an explosion in demand for universal applications from third-party actors offering the development of Regtech applications.

          As well, there have been significant changes in the types of transactions that have to be reported to regulatory authorities. This represents a significant driver for the automation of the whole compliance and monitoring processes.


          How does Regtech work?

          Regtech is a broad term that describes many different aspects of how financial institutions can improve their regulatory compliance. There are five main areas of activity, although the borders are not rigid, and some overlap considerably.

          The areas are:

          • Transaction monitoring and auditing. Sometimes leveraging the controls provided by blockchain technology and cryptocurrencies based on distributed ledgers in the blockchain Regtech ecosystem.
          • Identity management. Most relevant are due diligence, KYC (know your customer), AML (anti-money laundering) and anti-fraud detection  and screening procedures.
          • Risk management. Focuses on regulatory compliance and detection of risks, assessment of risk exposure and anticipation of future threats
            Regulatory reporting.
          • Automated real-time regulatory reporting and cloud data distribution and reporting with Ai and big data analytics
            Compliance. Tracking the state of compliance with existing upcoming regulations Real-time monitoring



          What Regtech means?

          RegTech is a methodology supplied by software applications for regulatory technology. It is used for managing regulatory compliance. Financial companies use Regtech to achieve efficiency, save time and money


          What is the importance of Regtech?

          Regtech can help reduce the cost and time of meeting regulatory compliance obligations for financial organizations. Over the coming years, there will be more regulations to oversee data, reporting and operation processes in the financial services sector. Financial institutions in different jurisdictions must comply with different regulatory requirements. Regtech helps them to deal efficiently with the new regulatory and compliance demand.


          What is the difference between Fintech and Regtech?

          Both Regtech and Fintech are systems designed to automate processes inside a financial institution’s operations. Regtech helps them adhere to regulatory standards issued by the authorities. Fintech automates processes within the institution’s regular operations, like customer interface, funds movements, and reporting.


          What technologies do Regtech solutions use?

          Regtech uses many sophisticated technologies including AI based on big data and machine learning, cloud computing, and blockchain, including the blockchain Regtech ecosystem. These ensure that enterprises are more efficient in achieving regulatory compliance. Regtech minimizes the risk of human error, and the costs of human activity by fully automating the processes.

          Interview with Zoltan Tuendik, Co-Founder of Hipther Agency

          Interview with: Zoltan Tuendik is the Co-Founder, Co-Owner, and Head of Business at Hipther Agency


          Zoltan is a self-taught publisher and events organizer who has developed several brands and services that have increased the notoriety of his company within multi-billion dollar industries. As Co-Founder of HIPTHER Agency, Zoltan has helped develop highly respected online news portals, virtual and in-person conferences that cater to multiple industries on 5 continents.

          1.What can you tell us about Europeangaming?

          European Gaming is one of our strongest brands and it’s also the host of some of the most interesting boutique-style events of the gaming industry. is among the leading news outlets dedicated to the B2B sector of the online gambling industry.

          2.Please describe your industry/main markets

          Without any doubt, the gambling industry is our main industry in which we are active. But, nevertheless, we have made quite and impact in reporting since 2019 about other industries as well, including Artificial Intelligence, Blockchain, Fintech, Virtual Reality and more.

           3.What are europeangaming conference uniqueness comparing other organizers?

          Given its layout and being a boutique-style event series, our conferences focus more on comfort, seamless interaction among the delegates and quality content. We like to pride with providing one of the best hospitality approaches when it comes to our esteemed guest speakers and beyond.


          4.Your conference in the gaming sector are leading the market – what attracts the attendees and companies to participate, what’s are the added values?

          The family like feeling you get when you visit our conference is one of the drivers. I would also add that our events have limited spaces and besides the networking breaks, we add a complimentary lunch to the mix and of course evening social gatherings. The quality content which is shared by the handpicked speakers and moderators is also one of the parts we place huge emphasis. The conference agenda is the main driver when it comes to attracting the participants, due to the nature of the talks.

          5.Your conference at Prague and Riga is within a few months, what surprises do you plan?

          It would not be a surprise if we unveil it now, but those interested should watch this space as we are planning an unrivaled agenda with topics that are both forward thinking and opinion forming. Some special guests will be announced at the beginning of 2023, prior to the event.

          6.What direction is the gaming and industry going in terms of growth after the explosion of companies in the last few years?

          The lockdowns have certainly pushed the online sector to a new level and also woke up the land based operators to react and adapt. These are great times to be an active stakeholder of the gaming industry. So, if you are not familiar with the space, now is the right time to act and join us in Prague or Riga to hear some of the most vital information about the industry given by experts and regulators.

          7.Do you have good tips to attendees of how to take the best from the conference? How to generate good leads?

          Given the fact that the conference has limited spaces, it’s best to prepare in time and let your prospect know that you are attending. A good strategy is to join the WireUp.Zone social platform to engage with the participants prior to the conference. It’s also a good idea to join our CEE and BALTIC Gaming & TECH Community groups on LinkedIn.

          8.Many companies need to decide –either to participate in a few conferences with a booth or to send sales person to more conferences, what do you think is the right way?

          Our conferences don’t have booths, thus sending a sales person and a decision maker is the best approach.

          9.Sales pitch

          The success of the Prague Gaming & TECH Summit is guaranteed based on the results we have seen in the past 7 years when connecting several industry stakeholders during our summits and meetups.

          You are invited to join CEE’s most important in-person gathering. The conference series has been launched in 2017 and has enjoyed yearly growth while continuously bringing innovation to the boutique-style events landscape.

          The top decision-makers and business influencers are joining the key event of the Central and Eastern European region during Springtime and be ready to gain access to a wealth of information while also enjoying some quality networking.

          C-level executives, compliance experts, government officials who are active in the iGaming, eSports, Blockchain, Artificial Intelligence, Fintech, Virtual/Augmented/Mixed Reality, and many more are going to share their knowledge and are ready to meet you in Prague between 29-30 March.