New York, New York–(Newsfile Corp. – June 30, 2020) – QuantGate Systems Inc. (OTC Pink: QGSI) (“QGSI” or “the Company”) is pleased to share the following:
During the last several months, the Company has significantly strengthened both its Management and Advisory teams as it is accelerating its transition away from a pure technology development company towards a revenue generating commercial enterprise. These changes may be viewed in detail by visiting QGSI’s website but notable mentions are as follows:
Praveen P. Bandekar
Mr. Bandekar brings to QuantGate over two decades of experience in a banking career in the GCC and India which began at Citibank and was followed with private banking as well as senior management and leadership positions with Union National Bank (UAE), Bank of Bahrain and Kuwait, Al Ahli Bank of Kuwait, National Bank of Kuwait, ANZ Grindlays Bank (India), Deutsche Bank (India).
Praveen is a Consumer Banking Marketing professional with demonstrated expertise in turning around growing Consumer Banking businesses, establishing business units. He is an expert across Retail Banking, Marketing, Wealth Management, Private Banking, Strategy development and implementation, Retail and SME Credit Policy and adept in leading cross-functional teams in projects including merger & acquisition. His strengths in planning and analytics and evolving solutions will be a great asset to the company.
QuantGate considers itself privileged to be collaborating with Mr. Bandekar who in addition to his role on the Advisory Board, will be spearheading the deployment of the Company’s products and services in the GCC and India.
Vlad has been appointed as QuantGate System’s Chief Revenue Officer and Head of Institutional Sales. He manages all Sales and Distribution efforts and is responsible for the management of QuantGate’s existing client base.
Prior to joining QuantGate Systems, Vlad held the position of Managing Director and Head of Electronic Trading Distribution and Sales Trading at Cantor Fitzgerald, a prominent mid-size Investment bank headquartered in New York City. Preceding his role at Cantor Fitzgerald, Vlad had a progressive career in Electronic Trading dating back to 2006, where he began his profession at Lehman Brothers. He then held Director positions with the Bank of America Merrill Lynch and UBS, respectively. Vlad also has experience working on the buy-side, as an HFT Execution Trader and Risk Manager. Furthermore, he worked as a Senior Trader and Portfolio Manager for an international family office.
Mr. Capozzo has joined QuantGates System Inc. as Managing Director/Trading. His responsibilities are providing leadership to the Company’s newly created trading team.
This team, among other functions, will be working closely with the technology group in refining QGSI’s proprietary trading tools and in the elaboration of new automated strategies. With his skills and those of his team he finds the path to move forward.
He brings with him over 35 years of experience in the Canadian Financial Services industry. He previously served as Managing Director, Canadian Equity Trading at Canaccord Genuity, Vice president Institutional trading at Yorkton Security and at National bank.
Entrepreneur responsible for launching several companies in Brazil in various sectors, from entertainment, education, artistic production, artist management and marketing, and advisor / investor in more than 100 technology startups in the Brazilian market, active in the financial markets as an active trader for more than 12 years. In the last 5 years Eric has dedicated himself to the launch of a new segment of proprietary trading in Brazil, being one of the founders of the largest company of this segment in Latin America as a publicly traded company at Brazilian Stock Exchange (B3), Atom S.A. (ATOM3 ticker), where he also served as a member of the board of directors, trainer, curator responsible for methodology and marketing. Participating daily as a communicator on the company’s social media. After leaving Atom in 2019 he launched his own Venture Company to help new business development, new investors, asset managers and startups as a mentor and advisor.
Eric will be working with Leonardo Cardoso towards the development of the Company’s activities in Brazil.
Mark has been deeply immersed in the derivatives trading world for nearly 30 years, leading some of the early innovation in FX and Interest Rate structured products and financial models, as a quantitative trader and structurer for top-tier international banks in London, Toronto and Tokyo. Based in Japan for the last 15 years, he has also taken leading roles at financial and crypto startups there, steering the platform localization and establishing the technical operations and governance needed to acquire trading licenses. With a keen interest in Fintech, and passionate about the decentralization of financial services and is excited to explore and promote new trading technologies in algorithmic and AI-base d trading, for both traditional products and new markets for crypto-assets and derivatives.
Mark, in addition to his role on the Advisory Board, will be spear-heading the Company’s business development efforts in Japan.
Finally, effective today, the Company is pleased to welcome Ilan Yosef, the Company’s COO to its Board of Directors where he is replacing Nicholas Policelli who has agreed to step down. Mr. Policelli is also resigning as President in order to pursue other interests; the Company wishes to thank him for his diligent work over the last few years during an important period where the company was reorganizing and readying itself for a commercial rollout of its suite of products. With the transition from a quasi pure R&D company to a commercial enterprise nearly completed, additional changes and nominations may be expected in the near future.
About QuantGate Systems Inc.
QuantGate Systems Inc. (OTC Pink: QGSI) (www.quantgatesystems.com) is a diversified fintech company that is engaged in the business of researching, developing and deploying proprietary artificial intelligence trading platforms. The company’s unique approach, developed over 20 years of modeling and testing, utilizes radically innovative psychology-based models to quantify market participant sentiment and trader perception through real time analysis of market participant activities.
Since 2019, the Company has set on a new course with a clear objective to expand its suite of disruptive solutions through active development to retail and institutional trading channels.
“In a world of zero commission trading, there is no shortage of online brokerages available to clients wishing to interact with capital markets. Today, retail and institutional trading communities are facing a challenge. Individuals and institutions find it difficult to connect the dots and make timely investment decisions. Machines and algorithms have taken a great toll on human decision making significantly impacting their trading performance. According to recent market statistics, the average rate of failure for online retail traders is 76% across multiple trading platforms worldwide within 2 years of trading. Evidently, it isn’t the platform that is necessarily the root cause in below average trader performance, but rather the complexity of the markets we are facing and our limited ability to comprehend changes to market conditions effectively. An increase of market participants coupled with highly intelligent algorithmic behaviour and automated trading, is just becoming too complex for average as well as professional trader comprehension. Our products leverage the algorithmic framework tested, built and automated over 20 years and empowers human decision-making to effectively and reliably interact with today’s evolving financial markets.” said Ilan Yosef, QuantGate’s COO and Chief Technology Officer.
Ilan further elaborated that the Company’s ambitious goals have been technologically and operationally aligned over the past 12 months for global distribution, with an integration centric approach with brokers, and a non-intrusive approach with end users (users do not need to leave their existing brokerage to trade with Pilot, which is QuantGate’s mobile app for retail traders). “We are building a team of global experts with strong domain expertise in financial services and distribution to be able to penetrate multiple jurisdictions expeditiously and simultaneously. The alignment of the team is a step towards accelerating a stronger organisation” re-iterated Ilan.
Except for historical information contained herein, the matters set forth above may include forward-looking statements that involve certain risks and uncertainties. Words such as “may”, “could”, “anticipate”, “believe”, “estimate”, “expect”, “intend”, “plan”, and similar expressions are used to identify forward-looking statements. These forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by forward-looking statements.
QuantGate does not undertake any obligation to update any forward-looking statements and cautions investors to consider all other risks and uncertainties, including those disclosed in QuantGate filings with the United States Securities and Exchange Commission.
Mozrt’s Collaboration with BOK Financial: Revolutionizing Cross-Border Payments
Mozrt, an award-winning payments technology platform, and BOKF, NA, one of the U.S.’s 25 largest banks, announce their plans to reshape cross-border payment services and elevate the capabilities of financial institutions.
At the heart of this collaboration lies Mozrt’s commitment to delivering advanced cross-border and FX payment capabilities to BOK Financial’s broad network of downstream or correspondent banks, magnifying efficiency and convenience for their clients. By combining the strengths of both entities, this collaboration empowers financial institutions of all sizes to seamlessly offer international payment capabilities to their customers.
The Mozrt MFX platform delivers real-time FX rates, allowing downstream correspondents to initiate and book cross-border payments. This all takes place within a highly secured platform, leveraging the latest in MFA and multi-level approval technology.
“The platform enables Mozrt and BOK Financial to introduce a suite of features designed to simplify processes, enhance security, and ultimately better serve downstream correspondents.
We’re excited to be providing a tech-forward solution that simplifies international payments, ensuring they are straightforward and hassle-free,” said Heath Hartley, BOK Financial. “The Mozrt platform offers robust beneficiary creation, validation, and management, facilitating accurate and efficient transactions.”
Furthermore, the collaboration facilitates a seamless transition for existing digital banking platforms, allowing single sign-on (SSO) or utilization of a custom, FI-branded portal. Mozrt’s modular design enables easy integration into various points across the front, middle, and back offices.
By delivering a user-centric online FX origination experience, this Mozrt – BOK Financial relationship equips financial institutions to meet the dynamic demands of the digital era.
Jeff Althaus, Founder & CEO of Mozrt, expressed his enthusiasm about the companies’ plans: “We are thrilled about the potential impact of Mozrt’s collaboration with BOK Financial in redefining cross-border payment services. Working alongside an innovative institution like BOK Financial enables us to provide a holistic solution that simplifies international transactions and accelerates our clients’ digital transformation.”
MapMetrics expands to peaq from Solana following addition of Solana compatibility to peaq’s Multi-Chain Machine IDs
peaq, the blockchain for real-world applications, announces the expansion of its ecosystem and product offering. MapMetrics, a Web3 drive-to-earn navigation app, will leverage peaq as part of its decentralized physical infrastructure network (DePIN) powering a Google Maps-style service. The development comes as peaq adds Solana compatibility to its Multi-Chain Machine IDs.
A Solana-originating project, MapMetrics will leverage the now Solana-compatible peaq IDs to build functions of the MapMetrics DePIN on peaq. These will include assigning peaq IDs to the navigator devices on its DePIN, using these IDs to authenticate the data collected by these devices, and a community voting mechanism.
Free navigation apps have become trusty companions for countless people around the world, with Google Maps alone boasting over a billion users. But despite a lack of an upfront cost, they come with a price of their own. When something is free, you are the product; when navigation is free, your personal data is being monetized. From leveraging the user’s position data for valuable insights on specific locations to serving them targeted location-based ads, the companies behind such apps profit from our sensitive data, sometimes without giving much thought to its privacy and protection. And in the case of massive companies like Google, they combine this data with the data sourced from all other Google-related data points to create digital models of ourselves, able to predict our behavior than ourselves.
MapMetrics is changing the equation by putting navigation on Web3 rails. It uses location trackers that enable users to share their anonymized data with the network, earning cryptocurrency and NFTs as rewards. While featuring its own ad engine, it makes sure that no private user data is exposed to the advertisers and shares the ad revenue with the community. It boasts 3,500 devices in the network and 5,000 users across 73 countries.
As part of its integration with peaq, MapMetrics will use peaq’s Multi-Chain IDs to enable devices to connect with the peaq network. It will build and deploy some of the core functions powering its navigation DePIN on peaq, using peaq IDs to authenticate and sign the anonymized data that the devices collect. It will also tap peaq to build a community voting pallet — a building block that other projects will be able to use as well — which will enable the community to contribute to its Google Maps-style navigation service by adding the locations of speed cameras and other objects and validating it with votes.
This comes as peaq expands the compatibility of its peaq IDs to include Solana. Enabling this is an address map running as part of the peaq storage pallet, pallets being modules for building blockchains in the framework that peaq runs on. This map works like an address book, linking addresses of different standards used on various networks and thus enabling cross-chain communication and information exchanges.
For example, with this integration, a solar panel with an ID on Solana will be able to connect to an energy marketplace on peaq. The previous updates made peaq IDs compatible with Binance’s BNB Chain, Ethereum Virtual Machine, and Cosmos. peaq’s steps toward its Multi-Chain vision have already eased the transition for projects coming from Algorand and Polygon, and will now unlock new opportunities for MapMetrics and other projects in the Solana ecosystem.
The peaq ID compatibility expansion enables teams originating on Solana to expand and leverage peaq’s DePIN functions without friction or fragmentation. With peaq Multi-Chain IDs, Solana-originated projects can easily tap peaq for some of their crucial functions.
“With its DePIN-focused functions and economics, peaq is the perfect home for DePINs,” says Brent van der Heiden, CEO of MapMetrics. “We are excited to be joining this bustling ecosystem, and the newfound compatibility between peaq IDs and Solana addresses is making this process significantly more convenient.”
“We believe in an open, Multi-Chain Web3 with seamless communication and value exchange between a plethora of protocols,” says Till Wendler, co-founder of peaq. “By making peaq IDs compatible with Solana, we take another step toward bringing this vision to life — and it’s invigorating to see excellent projects such as MapMetrics use this technology to solve real business problems with the DePIN model.”
Spool hones in on bringing institutions into DeFi by launching its expansive V2 upgrade
Spool DAO, or Spool, the platform allowing institutions and users to build customizable risk-managed DeFi products, launches its V2 upgrade. Spool’s new platform expands its original DeFi infrastructure and tools, with heightened decentralized access and new capabilities. Institutions of all sizes can now leverage its slate of new features and interface updates to build, manage, and explore DeFi products with unparalleled flexibility, risk reduction, and security.
Despite crypto’s whirlwind year, DeFi’s blue-chip protocols managed to largely withstand the industry-wide chaos. But that doesn’t mean the DeFi landscape hasn’t changed at all. Looming regulatory steps, such as the new bipartisan bill entering the U.S. Senate, aim to monitor DeFi apps similarly to banks, setting the stage to accommodate increasing interest from legacy financial institutions. Banks and institutions clearly see potential in crypto and DeFi’s financial possibilities, but they lack the proper tools to enter it easily, compliantly, and on their terms.
To meet this institutional need, Spool now provides a completely rebuilt platform for risk-managed and automated DeFi yield. Created from the ground up to be faster, more efficient, more composable, and easier to use than its predecessor, V2 represents a leap for Spool and institutions expanding their DeFi presence. The upgrade expands upon Spool’s core offering and introduces several key features to maximize the effectiveness of institutional DeFi investment. These features and enhancements include:
- Multi-Asset Smart Vaults: Institutions creating Smart Vaults can now build them to contain a range of yield strategies using multiple assets. Multi-asset Smart Vaults enhance functionality in addition to Spool’s classic auto-swapping and auto-rebalancing capabilities. Investors can simply create or pick an existing Smart Vault that matches their investment preferences, and send the assets they have available. The assets are then automatically swapped and implemented in audited and battle-tested smart contracts to attain the best yields possible while allowing funds to be withdrawn at any time.
- Smart Vault Guards: Institutions building Smart Vaults can now dictate which users can deposit or withdraw from the Vault based on specific criteria, mirroring traditional investment funds. This helps institutions tailor DeFi offerings not only to regulatory compliance but to their specific client needs as well. Institutions can create KYC and AML-compliant Smart Vaults, for example, and only allow access to vetted investors through whitelisted wallets. Other parameters include NFT or Token Gating (where a user must hold a specific NFT or token amount to access the vault), and Time Locks.
- Actions: Spool builders can now implement customizable actions tied to user activities such as entering or exiting a Smart Vault that is configured during its creation. Actions help support institutions by creating a framework that feels familiar to traditional finance and includes features such as deposit or withdrawal fees, deposit insurance fees, and automated asset swaps that help streamline the once-manual process for yield farming.
- Liquid Staking Derivatives (LSDs) Support: LSDs are tokens issued in return for staking cryptocurrency through a staking provider. This comes in handy for networks such as Ethereum, where validators must hold a minimum of 32 ETH to access staking and validator privileges. LSDs also allow users to withdraw staked ETH, which validators cannot do. As strategies using LSDs become more popular and prevalent, adding support in V2 enables greater convenience.
- Advanced Automation: One of DeFi’s major obstacles lies in manual asset management within yield farms. V2 improves upon Spool’s original automation features while maintaining decentralization and self-custody. Once assets are within a Smart Vault portfolio, V2 automatically rebalances them between various strategies configured in the Vault. Spool also now offers automated collateral conversion, meaning clients investing in a Smart Vault can utilize any underlying asset they have available. Spool automatically converts the asset before investing, granting increased ease and choice.
- Deposit NFTs (dNFTs): D-NFTs provide users with an immutable NFT receipt of their Smart Vault deposits, enabling the withdrawal of funds. ERC-20 Smart Vault Tokens (SVTs) are created by burning D-NFTs and act as yield-bearing stablecoins, which can be easily transferred or traded on a secondary market, creating a new liquid financial instrument.
Check out Spool’s video here: https://drive.google.com/file/d/150B6sSdX9gMAjdig-5675nLfftciWidJ/view
More detailed video with features overview can be found here: https://drive.google.com/file/d/1uIr_AJ_iHKErkHR5lFaUWk39A4-NUtEo/view?usp=drive_link
Among these new features, Spool V2’s completely redesigned interface allows institutions and asset managers to have a birds-eye view of their Smart Vault portfolio. The platform champions accessibility while providing the comprehensive tools and oversight that institutions require. This includes tools for easily white-labeling Smart Vaults for client access with their own branding and unique insights into Smart Vault performance based on customizable KPIs.
By enabling the codeless creation of financial services and products backed by audited financial primitives, institutions that don’t have DeFi-specific teams are now able to easily access DeFi. The upgrade’s capabilities set the stage for large-scale institutional partnerships in the pipeline for Spool, following a steady stream of integrations and collaborations leading up to its launch.
“We are incredibly proud to launch Spool V2 after countless months of our team developing, testing, and listening to the feedback and needs of our institutional partners,” says Philipp Zimmerer, Lead of Token Strategy of Spool. “This lands at a pivotal moment in crypto in a year that has been all about responsibly rebuilding the industry and forging a new path for DeFi. Improving access, flexibility, and security will not only garner further institutional support but set a new standard for what DeFi can make possible for any investor.”
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