Issue link: https://maltatoday.uberflip.com/i/1477178
4 NEWS 25.08.2022 BNF Bank p.l.c. has announced the appointment of Daniel Cutajar as Chief Technology Officer to lead the implementation of the Bank's IT Strategy and digital transformation. roughout his career Cutajar has held several senior management roles with direct experience in the Maltese Financial industry since 2005 and overall IT experience for 23 years. His specialisations include IT service management, project man- agement and software development. He also holds a Master of Business Administration (eBusiness) degree from the University of Malta. Prior to joining BNF Bank, Cutajar accumulated a wealth of experience as Head of Information Technology at Ferratum Bank, responsible for the IT function and overseeing the Bank's IT strategy, governance and business continuity. He was also a member of the bank's Executive Committee and the Group IT Man- agement Committee as well as hav- ing chaired the IT Governance, Risk and Compliance Committee. Commenting on his appointment, Cutajar said "It is an honour to join BNF Bank's Executive Committee as Chief Technology Officer. I'm excited to be driving the Bank's digital trans- formation journey forward, and to strengthen BNF's infrastructure with advanced technology, to ultimately provide customers an exceptional and seamless service they expect." Chief Executive Officer Michael Collis welcomed Daniel to the team and said this new role at the Bank will serve to make the bank's digital trajectory more robust contributing to BNF's overall strategic and finan- cial strength in the market. BNF Bank has selected the cutting-edge Temenos Transact and Infinity to spearhead the next phase of techno- logical investment of the bank for its Core Banking Transformation. Daniel Cutajar joins Michael Col- lis - BNF Bank's Chief Executive Of- ficer and Managing Director, George Debono - Chief Commercial Officer, Mark Micallef - Chief Financial Of- ficer, Maruska Buttiġieġ Gili - Chief Risk Officer and Dr Jean Noel Cuta- jar – Chief Legal Officer as members of the BNF Bank's Executive Man- agement team. Daniel Cutajar appointed chief technical officer at BNF Bank THE Malta Financial Services Authority ("MFSA") has become aware of an entity oper- ating under the names of 86FXTRADE and/ or P240 Ltd which has an internet presence at https://www.86fxtrade.com/. is entity purports to be "authorized and regu- lated by MFSA as a MiFID firm and holds a Cate- gory 3 Investment Services License", making un- authorised use and reference to company details of a Maltese licensed company. e MFSA wishes to alert the public that 86FX- TRADE and P240 Ltd are not Maltese registered companies and nor are they licensed or oth- erwise authorised by the MFSA to provide any investment services or other financial services which are required to be licensed or otherwise authorised under Maltese law. e public should therefore refrain from enter- ing into any transactions or otherwise dealing with the above-mentioned entities on any mat- ters falling within the parameters of the Invest- ment Services Act, Chapter 370 of the Laws of Malta. e MFSA reminded consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. Investors are advised to be extra cautious when being approached with offers of financial servic- es via unconventional channels such as telephone calls or social media. A list of entities licensed by the MFSA can be viewed on the official website of the MFSA at https://www.mfsa.mt/financial-services-regis- ter/. If you are a victim of a scam or think you might be dealing with an unauthorised entity or any other type of financial scam, first of all stop all transactions with the company and contact the MFSA at https://www.mfsa.mt/about-us/con- tact/ as soon as a suspicion arises. REVOLUT'S Ukrainian co-found- er Vlad Yatsenko on Wednesday posted an all-hands message on Revolut's internal Slack to mark Ukraine's Independence Day (cel- ebrating the country's separation from the Soviet Union in 1991). In it, Yatsenko said this Independ- ence Day is "heartbreaking" given Russia's invasion and said he hopes "peace comes to a free Ukraine soon". Revolut, the global financial plat- form with more than 15 million customers worldwide, has over 190,000 customers in Malta. In 2021, Revolut Group claimed to have raised almost $1 billion in investment and had been valued at $5.5 billion. "Today we celebrate Ukraine's In- dependence Day," Yatsenko wrote. "Tragically, this year the date also marks six months since the full scale invasion of Ukraine by Russia began." "is invasion didn't just affect us as a business - more importantly, it touched a lot of us very personally and directly. erefore the main focus for the company has always been on protecting our staff and families in Ukraine, by providing evacuation, financial and mental health support." Revolut has been both campaign- ing and working to support the Ukrainian people over the last six months, with CEO and co-founder Nik Storonsky calling Russia's inva- sion "abhorrent" earlier this year. e fintech has been waiving transfer fees to Ukraine and helping refugees from the country to open accounts, leading to Ukraine's vice prime minister Mykhailo Fedorov celebrating Revolut's work. Yatsenko has been consistently outspoken about Russia's invasion, calling Vladimir Putin a "brazen liar" just days after the fighting be- gan. "e war isn't over, and even though this Independence Day is heartbreaking, it is also more hope- ful and symbolic than ever," Yatsen- ko wrote on Wednesday. "To all Ukrainians, I hope you and your families are safe, and that peace comes to a free Ukraine soon. To everyone else, I wish a war to never come to you or your home country." He signed off "Слава Україні!", which translates as "Glory to Ukraine!" MFSA warns 86FXTRADE and P240 Ltd are not license or registered in Malta Revolut's Vlad Yatsenko says he hopes "peace comes to a free Ukraine soon" Revolut co-founders Vlad Yatsenko (left) and Nikolay Storonsky