Fintech PR
MultiBank Group Secures a European CySEC Broker License, Becoming the Most Regulated Financial Derivatives Institution Worldwide With 12 Regulators
DUBAI, UAE, July 19, 2023 /PRNewswire/ — MultiBank Group, the largest financial derivatives institution worldwide, announced that its latest subsidiary, MEX Europe Ltd, has been granted a license by the Cyprus Securities and Exchange Commission (CySEC) to provide services to clients in full compliance with the applicable laws in European markets.
This achievement marks another major milestone for the Group and demonstrates its continuing commitment to achieving the highest echelon of regulatory standards and security of funds.
“We are immensely proud of obtaining the CySEC license, reflecting our dedication to continuously developing the world’s leading regulated financial products and services ecosystem,” said Naser Taher, Chairman of MultiBank Group. “MultiBank Group has been operating in the financial industry with an unblemished track record for over 20 years, and as such, it has built a reputation for providing the highest level of funds security, first-class financial services, award-winning technology and products that have made MultiBank the world’s most widely used financial derivatives broker with a loyal customer base of over 1,000,000 users”.
The unveiling of MEX Europe comes when MultiBank Group is expecting to go public in 2023 with several ground-breaking projects including an inter-bank ECN trading platform for financial institutions and banks, a digital assets exchange regulated in Australia, an enhanced social trading application and a global digital payments processor, aiming to create the world’s first cross-asset ecosystem to bridge the gap between traditional and other emerging forms of finance.
In addition to the CySEC license, MultiBank Group announced last October it had obtained licenses from SCA of the UAE and MAS of Singapore. MEX Europe joins the ranks of other financial institutions within the MultiBank Group that are regulated by prestigious regulatory authorities, including ASIC, AUSTRAC, BaFin, FMA, FSC, CIMA, TFG, and VFSC. With 12 regulators, MultiBank Group ensures a fully regulated and secure trading environment for clients worldwide. From its establishment to this day, MultiBank Group maintains an impeccable regulatory record with over 25 branches worldwide.
About MultiBank Group
MultiBank Group was established in USA, in 2005. It boasts a daily trading volume of over US $12.1 billion and has evolved into one of the largest online financial derivatives providers worldwide, providing award-winning trading platforms and leverage up to 500:1 on products including Forex, Metals, Shares, Commodities, Indices, and Digital Assets. For more information, visit https://multibankfx.com.
Photo – https://mma.prnewswire.com/media/2157686/MBG.jpg
Logo – https://mma.prnewswire.com/media/2157685/MBG_Logo.jpg
Fintech PR
ARMswap Launches its DeFi Platform
VILNIUS, Lithuania, Jan. 13, 2025 /PRNewswire/ — The ARMswap team is thrilled to announce the launch of its 1st version of its DeFi protocol. The web3 world is booming with numerous layer-1 and layer-2 blockchains, each having their unique algorithms and capabilities. However, their closed architecture hinders seamless interaction and information flow between networks, creating inefficiencies. ARMswap’s launch addresses this fundamental inefficiency in the current blockchain architecture and introduces a more optimized version of the multi-directional cross-chain swaps and bridges.
Simplifying Cross-Chain Transactions
“The fragmentation of blockchain networks has been a critical issue, and users were compelled to navigate through various DEXs and third-party bridges to perform a single cross-chain transaction,” notes the CTO of ARMswap. “ARMswap’s launch represents a watershed moment in addressing this fragmentation that has constrained Defi’s evolution.”
ARMswap’s architecture, validated through rigorous security audits by the leading Blockchain security firm Hashlock, combines advanced cryptographic protection for user funds. ARMswap’s protocol delivers secure and rapid swap/bridge operations, setting new industry benchmarks for transaction processing efficiency.
The platform supports 31 blockchains and their native coins in its V1 launch in Jan 2025, with plans for expansion to include more blockchains every quarter.
In V2, ARMswap will integrate with protocols like Chainlink, Axelar network, Layer zero, Wormhole, etc., to provide extensive coverage of EVM & non-EVM chains. In V3, Armswap will introduce its own framework for relayers and oracles for seamless interoperability across Web3.
ARMSP Fair Launch
ARMswap is launching its utility token, ARMSP, in Jan 2025, incentivizing liquidity providers to actively participate in the ecosystem and to share platform and pool returns with the platform participants.
ARMswap is also releasing its DeFi Mobile App (IOS & Android) in March 2025, enabling users to connect their existing wallets and perform swap transactions and participate in liquidity pools and rewards.
Limited Supply
Join the ARMswap V1 platform and participate in the ARMSP token Fair Launch on 13th Jan 2025, with a limited supply of 400 million tokens out of 1.25 billion max supplies. Early participants can enjoy bonuses and earn rewards through the ARMswap MVP program. After a 12-month vesting period, ARMSP will be listed on all major exchanges globally.
About ARMswap:
ARMswap UAB simplifies cross-chain asset transfers and brings the power of Web3 and the de-centralization of blockchains into our daily lives and businesses.
Website: www.armswap.com
For Media Inquiries:
Contact Name: Husnain Aslam
Title: Chief Technology Officer
Email: [email protected]
Logo – https://mma.prnewswire.com/media/2595363/armswap_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/armswap-launches-its-defi-platform-302347904.html
Fintech PR
Pricer and Focal Systems Announce Strategic Collaboration to Drive the Next Step in Physical Store Digitalization
Pricer, a global leader in digital shelf-edge solutions, and Focal Systems, a leader in shelf-edge AI, today announced a strategic collaboration to accelerate the digitization and optimization of the physical store for retailers worldwide.
STOCKHOLM, Jan. 13, 2025 /PRNewswire/ — This collaboration brings together Pricer’s innovations in dynamic pricing and shelf-edge communication with Focal Systems’ advanced computer vision and product availability solutions to maximize shopper satisfaction while optimizing retail operations.
As a pioneer in enabling dynamic pricing and digitizing shelf-edge shopper communication, Pricer has led the first step of the retail digitalization journey. Focal Systems has pioneered the application of computer vision to digitizing what products are available on-shelf or not in near real-time. Together, Pricer and Focal Systems will empower retailers to improve labor efficiency, reduce out-of-stocks, increase sales, and enhance shopper satisfaction like never before.
Enhancing the Shelf Edge Through Collaboration
By integrating Focal Systems’ AI-powered shelf vision cameras with Pricer’s leading electronic shelf label (ESL) platform, retailers will benefit from:
- Real-Time Shelf Insights: Automated detection and alerting of out-of-stock or low items powering rapid replenishment and increased shopper satisfaction
- Dynamic Task Automation: Streamlined workflows and prioritized tasks to improve operational efficiency for store staff.
- Patented Innovation: Camera-based out of stock detection and communication, flashing ESLs, alternate location communication.
- Seamless Integration: Standardized API connections that deliver out-of-the-box value, offering synchronized ESL flashes, messaging updates, and shelf-edge intelligence.
Together, Pricer and Focal Systems demonstrate that the combined offerings deliver measurable value for the retailers by enabling a fully digitalized shelf-edge ecosystem.
Strategic Collaboration for the Future of Retail
“We are proud to combine our leadership in ESL technology with Focal Systems’ AI-powered shelf vision,” said Chris Chalkitis, CDO at Pricer. “Both companies share a belief in the digitalization of the physical store. Pricer has been a pioneer in dynamic pricing and shelf-edge communication. With Focal Systems, we take the next step, digitizing what’s on the shelf – and what’s not – to drive greater efficiency and performance for retailers.”
Focal Systems’ AI technology transforms retail operations through real-time shelf monitoring and replenishment task optimization.
“Partnering with Pricer, a global leader with groundbreaking ESL technology and innovation, creates tremendous value for retailers,” said Kevin H. Johnson, CEO at Focal Systems. “Together, we deliver an integrated, data-driven solution that reduces operational complexity, automates workflows, and enhances the in-store experience. We look forward to demonstrating this powerful collaboration to retailers and their customers.”
Showcasing the Future at NRF 2025
The collaboration will officially debut at the National Retail Federation (NRF) Big Show in January 2025, where Pricer and Focal Systems will showcase the integrated solution at Pricer’s booth. This marks the beginning of an exciting journey to redefine the shelf edge and set new standards for retail innovation.
For further information, please contact:
Chris Chalkitis, Chief Digital Officer, +46 70 4849812
Finn Wikander, Chief Product Officer, +46 705 233077
[email protected]
About Pricer
Pricer is a leading global provider of digital shelf-edge solutions, helping retailers optimize pricing, improve operational efficiency, and enhance the customer experience. With patented innovations like camera-based product identification by ESL, Pricer continues to set the standard for dynamic, intelligent shelf-edge solutions. For more information, visit www.pricer.com.
About Focal Systems
Focal Systems is a leading provider of AI-powered computer vision solutions, helping retailers automate operations and optimize product availability through real-time shelf monitoring. Its advanced technology delivers actionable insights that drive efficiency and profitability. For more information, visit www.focal.systems.
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
2025-01-12_Pricer_Focal_ENG |
View original content:https://www.prnewswire.co.uk/news-releases/pricer-and-focal-systems-announce-strategic-collaboration-to-drive-the-next-step-in-physical-store-digitalization-302349036.html
Fintech PR
KT&G Establishes Uzbekistan Corporation Strengthening Eurasian Market Competitiveness
– Office to corporation conversion reinforces local operations heightening global competitiveness
SEOUL, South Korea, Jan. 13, 2025 /PRNewswire/ — KT&G (KRX : 033780) is establishing a corporation in Uzbekistan handing local operations for earnest market expansion and increased profitability, aiming to strengthen competitiveness in the Eurasian region.
In 2023, KT&G set up an office in Uzbekistan and entered the market with the superslim brand “ESSE”.
Through the corporation conversion of the Uzbekistan office, KT&G plans to reinforce long-term competitiveness in the Eurasian region. To increase market presence, KT&G will increase the size of the local workforce by four times, and continue to widen distribution coverage by establishing detailed operational networks.
KT&G also plans to grow “ESSE” as a major brand in the Uzbekistan market, anticipating revenue and profit growth from market expansion.
KT&G has established regional CIC’s (Company-In-Company) in Eurasia and the Asia-Pacific regions to facilitate global business expansion. KT&G currently is operating in 132 countries across the globe through six sales corporations and three branches. Going forward, KT&G will continue to expand its global corporations to support direct global operations and continue efforts to increase profitability.
A KT&G spokesperson said that “the establishment of the Uzbekistan corporation is part of the ongoing investment and innovation for the leap to a ‘Global Top-Tier.’ KT&G will continue its global growth trends by reinforcing local operations.”
Photo – https://mma.prnewswire.com/media/2594560/KT_G_____2__KT_G.jpg
Logo – https://mma.prnewswire.com/media/2316472/5107935/KT_G_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/ktg-establishes-uzbekistan-corporation-strengthening-eurasian-market-competitiveness-302348712.html
-
Fintech6 days ago
Asian Financial Forum held next week as the region’s first major international financial assembly of 2025
-
Fintech PR6 days ago
OWIT Global Provides Alternative Delivery Models that Adapt to the Continuously Evolving Data Security Demands of the Industry
-
Fintech PR3 days ago
HTX 2025 Outlook: Five Sectors to Look Forward to, and How Trump’s Policy Will Affect Crypto Industry
-
Fintech PR7 days ago
Hyundai Motor Group Executive Chair Euisun Chung Outlines 2025 Vision Driven by Commitment to Innovation, Overcoming Challenges, and Creating Opportunities in New Year’s Message
-
Fintech PR7 days ago
Zoomlion Accelerates Global Expansion with Localized Innovations in Saudi Arabia
-
Fintech PR3 days ago
Novo Holdings invests in $200M Series A for Windward Bio launch to advance long-acting treatments for asthma and COPD
-
Fintech PR3 days ago
AZZURRI GROUP LAUNCHES ITS 2024 SUSTAINABLE DINING REPORT AND ACHIEVES FURTHER REDCUTIONS IN CARBON EMISSIONS
-
Fintech PR3 days ago
Fintech nsave launches investment platform, offering people from distressed economies protection from inflation with compliant and safe investments abroad