EML

EML is an ASX listed (ASX:EML) Australian PayTech operating proprietary processing platforms that enable Fintech disruption, with offices in Australia, the United Kingdom, Europe, and the United States of America. Thomas Cregan is the EML CEO.

Nuapay (PC42 profile), a payment processor authorized in the UK and France, is EML’s Open Banking division.

In 2021, EML generated revenue of AUS-$192.2 million, an increase of 60% on the prior year, and with an underlying EBITDA of AUS-$53.5 million.

On August 24, EML announced that its Sentenial company had identified fraudulent activity at merchant debit processing sites.

According to EML, the fraudulent activity mainly took place in August 2022, before the company became aware of it on August 23.

Due to the fraudulent activities surrounding the company, we place EML on our “Orange Compliance” list.