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AXIA INVESTMENTS EMERGES VICTORIOUS AT GLOBAL BRAND AWARDS 2024

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AXIA Investments emerges victorious as the “Most Innovative CFD Broker, GCC- 2024” at the distinguished Global Brand Awards.

LONDON, May 28, 2024 /PRNewswire/ — The esteemed Global Brand Awards, an annual event organized by Global Brands Magazine (GBM) headquartered in England, celebrates international brands that excel across various industries annually. GBM conducted a thorough evaluation, assessing numerous criteria such as Innovative trading technology, product range, client education and support, regulatory compliance, market reputation among others. Axia Investments demonstrated exceptional performance in this evaluation, highlighting its excellence and deserving recognition from Global Brands Magazine.

Commenting on winning the award, Jay Reddy, CEO, Global Brands Magazine said, “It gives me great pleasure to congratulate Axia Investments on being honoured with the prestigious Most Innovative CFD Broker, GCC award. This recognition is a testament to Axia’s unwavering commitment to innovation, excellence, and client satisfaction in the dynamic world of CFD trading. We applaud Axia Investments for their relentless pursuit of innovation and their dedication to setting new standards of excellence in the industry.”

Commenting on winning the award, Talal Al Hajiry, CEO of Axia Investments, stated, “We are beyond thrilled and humbled to have been recognized for our hard work and dedication. It is a testament to the hard work, dedication, and unwavering commitment of our exceptional team. This recognition reaffirms our position as a leader in the financial world and validates the vision and strategies we have implemented. While this award is a moment of celebration, it also serves as a reminder of the responsibility we have to continue pushing boundaries and striving for even greater accomplishments.”

ABOUT AXIA INVESTMENTS

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Based in Seychelles and providing services worldwide, Axia Investments is a reputable brokerage house enabling a vast array of trading instruments such as commodities, stocks, indices, forex, crypto currencies, ETFs and more. The company is under full regulation of the Financial Services Authority and boasts competitive low spreads to all partner traders, regardless of their initial investments. Its 24/5 support policy, along with personalized support backed by an individual analyst team, are what makes the company stand out from the competition.

ABOUT GLOBAL BRANDS MAGAZINE (ENGLAND)

Global Brands Magazine (GBM) has been at the forefront, bringing news, views and opinions on brands shaping the future of their industry. The UK-based magazine provides its readers with the latest news and information on ‘best-in-class brands across the globe. Each year, GBM develops awards for companies that stand out, have a unique vision, exceptional service, innovative solutions and consumer-centric products among their industry leaders. The Magazine has over 10 million visitors and 14 million page views per month, making it one of the best online magazines. The Magazine also maintains a strong presence on social media, with over 20k+ Facebook likes, 10k+ Instagram followers, 25k+ Twitter followers, and 3k+ LinkedIn followers.

 ABOUT THE GLOBAL BRAND AWARDS

Global Brand Awards honours brands for their excellence in performance and rewards companies across different sectors for the quality of their services. The Brand Awards highlight the accomplishments of organisations that have performed remarkably well in finance, education, hospitality, automotive, lifestyle, education, real estate, technology, and others. Global Brand Awards recognise vital players who progress towards excellence by providing a platform to acknowledge their efforts. In addition, GBM strives to create awareness concerning the significance of such organisations and rewards them for their notable efforts with the ultimate global recognition. To learn more about the awards, please visit the Brand Awards Winners section on the GBM website.

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To nominate your company or business leader for the Global Brand Awards 2024, please click on the following link:

https://www.globalbrandsmagazine.com/nomination-form/

Check out our social media shout outs through the links below:

Facebook: https://bit.ly/4bWDEIf
Linkedin: https://bit.ly/3yBsbPO
Twitter: https://bit.ly/3V0T1Z4
Instagram: https://bit.ly/3wQJlIG

Logo – https://mma.prnewswire.com/media/2377199/GBM_2024_Logo.jpg

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Agora acquires Clearshift’s real estate division

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Agora, a provider of real estate investment management solutions, has acquired Clearshift’s real estate division to “reinvent cross-border payments in investment management.”

The division has utilized Clearshift’s international payments infrastructure to facilitate mass payouts and capital investments between foreign investors, asset managers, real estate property managers, and fund administrators.

While the financial details of the acquisition remain undisclosed, Agora will now serve as the division’s primary client-facing interface, offering “user-friendly investment management tools.” Clearshift will retain responsibility for payment execution and compliance functions.

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For existing Clearshift clients, this integration into the Agora platform promises “enhanced capabilities.” Agora’s clients, not currently subscribed to Clearshift, will gain “a transparent solution to foreign exchange activity” that enables “seamless distributions and contributions in any currency worldwide.”

Ari Dobner, CEO of Clearshift, noted, “After years of refining our fund manager payment solution, it became clear to us that our clients would truly benefit from a full investor management solution with seamless payment integration.”

Bar Mor, co-founder and CEO of Agora, added that the acquisition will enhance their platform with “streamlined and cost-effective international payments,” leveraging the “substantial customer overlap between Agora and Clearshift.”

This acquisition follows the recent closure of Agora’s $34 million Series B funding round, backed by Qumra Capital, Insight Partners, and UK-based investment firm Aleph.

Source: fintechfutures.com

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InScope secures $4.3m to revolutionise financial reporting and auditing

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InScope, a newly launched FinTech company, has successfully raised $4.3 million to expand its innovative financial reporting and auditing platform.

According to PYMNTS, the funding round included significant contributions from prominent investors such as Lightspeed and Better Tomorrow Ventures.

InScope is focused on transforming the traditional processes of financial reporting and auditing for private companies. The company leverages advanced technologies, including generative AI and large language models, to automate and streamline the compilation of financial statements—tasks that have historically been prone to errors and required extensive manual effort.

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The new capital will be used to enhance InScope’s platform capabilities. The company aims to shift accountants’ focus from laborious manual tasks to more strategic initiatives, thereby empowering finance professionals with tools to complete reporting and auditing tasks quickly and efficiently.

InScope’s system compiles data from a company’s core systems, such as ERP, along with publicly available information, and transforms these inputs into GAAP-compliant financial and audit documents.

InScope CEO and co-founder Mary Antony stated, “Our technology dramatically reduces the time and effort required for financial reporting and auditing, eliminating the need for outdated manual processes.” Her co-founder and COO, Kelsey Gootnick, also emphasized the transformative potential of InScope, which they conceived out of their own frustrations with existing financial processes.

The company has already begun collaborating with a select group of companies to refine and enhance their financial reporting capabilities. JC Bahr-de Stefano, a venture capital investor at Better Tomorrow Ventures, commented on this partnership: “InScope is already working with a handful of companies to help streamline their financial reporting needs and enable accountants to complete their reporting tasks in minutes instead of months.”

Source: fintech.global

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Citi extends USD Clearing service to Middle East in partnership with Emirates NBD

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Citi has partnered with Dubai-based banking group Emirates NBD to launch its USD Clearing service in the Middle East.

Through this collaboration, Emirates NBD will offer the USD Clearing service, along with its commercial and treasury payment execution capabilities, to corporate and retail clients via its branch networks in the UAE and Saudi Arabia. This service will enable clients to make cross-border USD payments with continuous availability, addressing current payment flow challenges posed by varying transaction cut-off times in the UAE.

“The introduction of 24/7 USD Clearing will support the growth ambitions of our clients by giving them the ability to seamlessly transfer funds in a timely manner without having to worry about cutoffs and holidays,” said Ahmed Al Qassim, group head of wholesale banking at Emirates NBD.

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Following the initial launch, the service will be extended to all Emirates NBD branches in the Middle East and globally, including partnerships with third-party institutions.

According to its website, Emirates NBD currently operates 853 branches in the UAE, Egypt, India, Turkey, Saudi Arabia, Singapore, the UK, Austria, Germany, Russia, and Bahrain.

Shahmir Khaliq, Citi’s head of services, described the collaboration as “an important step in our journey to creating a multibank solution that is designed to deliver an end-to-end, ‘always on’ experience for participant banks and their customers.”

“Our 24/7 USD Clearing service is a clear differentiator in the market,” Khaliq continued. “It demonstrates the full value of our globally leading cross-border payments and clearing capabilities, which enable our clients to make payments faster and in a more efficient and transparent manner.”

Source: fintechfutures.com

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