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Q8 TRADE GAINS RECOGNITION FOR ‘MOST TRUSTED TRADING PLATFORM IN MENA’

The global award underlines the Kuwait-based brand’s efforts in building a safe online trading platform for regional investors

Q8 Trade, a fast-growing online trading platform servicing investors in the Middle East, has received international recognition for its credibility by Finance Derivative with the ‘Most Trusted Trading Platform MENA 2019’ award.

The Finance Derivative Awards honour excellence in performance across different domains of the business and financial landscape. The global awards recognise companies and individuals who have played a pivotal role in the advancement of the finance sector from businesses of all sizes and industries. 

Commenting on the most recent award, Ali Hassan, VP of Business Development at Q8 Trade, said: “We’re pleased to have received this award. Building trust is a challenge for any financial institution, but it’s particularly true for online trading platforms. Online trading is a new phenomenon, especially in this part of the world, so, naturally, investors and regulators must ensure investment platforms are credible and well-regulated. As online trading continues to gain momentum among investors around the globe as a gateway to international investments, this matter is becoming increasingly important.

“At Q8 Trade, corporate governance and compliance are the cornerstones of our business, creating a trusted place for our clients to trade. This global accolade is a testament to our commitment in creating a safe online trading platform in the region. I’d like to also take this opportunity to thank our 132,000 plus clients for their unwavering trust in our offerings and look forward to continuing to help regional customers reach their investment goals.”

Q8 Trade is one of the only brands in the MENA region with a regulated license for online Contracts for Difference (CFD) and Forex. The online trading platform is owned and operated by Q8 Securities.

Q8 Trade has recently been recognized by a number of leading industry bodies with accolades such as ‘Best Regional Forex Broker 2018’by Global Brands Magazine, and ‘Fastest Growing Forex Brand MENA 2018’ in addition to ‘Best New Forex Brand MENA 2019’ from the International Business Magazine.

The Kuwaiti trading company has recently launched a revamped website to make it easier for traders to navigate and trade. The updated website also provides in-depth information to help educate potential investors and the general public on online trading. In addition to the website updates, Q8 Trade has launched a new mobile application to provide customers with a better experience on-the-go and cater to evolving demands of both local and international investors.K

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MOBEY FORUM: BANKS’ BIG OPPORTUNITY IN DIGITAL ID WON’T LAST FOREVER

Mobey Forum

New report offers strategic insights for banks following in-depth review of seven prominent digital ID schemes across Europe and North America

 

Despite banks playing a fundamental enabling role in the development of national digital ID schemes to date, their uniquely strong position in the field is under increasing threat from web giants and other globally networked firms. This is the view expressed by Mobey Forum’s Digital ID Expert Group in a new research report launched today.

 

The report, entitled How to Make Digital Identity a Success: Insights and Learnings from Seven Digital ID Schemes, is the product of an in-depth, collaborative study conducted in 2019 with seven digital ID schemes across Europe and North America. The report presents a comparative overview of the different models being applied around the world and provides insights, and comments for banks and financial institutions on their evolution, together with a range of other factors such as their varying models and management, technical underpinnings and services they provide to users.

 

“As our collective reliance on technology continues to grow so too does our need to establish robust, secure and user-friendly ways of verifying our individual identities, digitally,” comments Jukka Yliuntinen, co-chair of the Digital ID Expert Group, Mobey Forum. Banks have mastered the ability to operate at scale in highly regulated environments, under conditions that require rigorous and stringent security and identity verification procedures. This has enabled them to play a key role in the evolution of national digital ID schemes and also makes them prime candidates to be future guardians of digital identities, supporting services that stretch far beyond banking and generating new revenues as a result. This advantageous position could change quickly, however, as other powerful networked stakeholders move into the space. Banks must be aware that the window of opportunity to adopt these critical roles may be closing, perhaps faster than they think.”

 

Launched in a new interactive, all-digital format, the How to Make Digital Identity a Success report gives banks and other stakeholders a chance to refer to a detailed comparison of Alastria, e-Estonia, Itsme, NemID, BankID, Verimi and Verified.Me.

 

“Like in so many other industries, Google, Amazon, Facebook, Apple, Alibaba/Alipay and other hugely powerful digital players have serious potential to upend the global market for digital ID,” adds Elina Mattila, Executive Director, Mobey Forum. “That said, the success of a digital ID scheme is rooted in trust and collaboration – between users, governments and regulators, telcos, banks and other key service providers. While they can move quickly and at scale, the ‘GAFAs’ are unlikely to be afforded bank-beating collaborative relationships with all of these stakeholders any time soon.”

 

“This collaborative model is here to stay,” adds Mattila. “It’s only through close collaboration that banks can both address the challenges and seize the opportunities presented by digital identity.”

 

The report also charts the opportunities and challenges posed by cross-border integration of digital ID schemes and examines the role that regulation can play to assist. It contends that, as digital ID schemes continue to mature, the issue of cross-border interoperability will gather momentum and, while regulation can provide the framework for interoperability, much work remains before the schemes can be harmonised to enable a seamless flow of digital identity usage over the borders.

 

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HALO TRUST USES ADAPTIVE INSIGHTS FOR STRATEGIC BUSINESS PLANNING

BUSINESS PLANNING

Cloud-based financial planning helps HALO Trust deliver greater benefit to communities affected by war

 

Adaptive Insights, a Workday company, today announced The HALO Trust, the world’s largest humanitarian landmine clearance organisation, employing more than 8,700 employees across 25 countries, uses Adaptive Insights Business Planning Cloud to support the charity’s continued growth with a modern business planning process. The HALO Trust joins more than 750 non-profit customers that trust Adaptive Insights for business planning, benefiting a variety of communities and causes worldwide.

 

The organisation relied on the development of financial plans utilising complex spreadsheets, which were difficult to integrate into the global planning process and inefficient when producing multiple scenarios for effective option appraisal.

 

“Being able to holistically manage real-time changes is critical to our success. With a single, powerful system in the cloud, we’ve eliminated the headache of working with siloed spreadsheets and have significantly reduced the time taken to produce high-quality financial models,” says Mick Darby, finance director at The HALO Trust.

 

For more than 30 years, The HALO Trust has kept people safe and helped communities to rebuild by clearing landmines, destroying weapons, managing stockpiles, and educating communities how to stay safe until the dangerous debris of war can be removed for good. By moving HALO’s planning and analysis process entirely to the cloud, the finance team provides the guidance necessary to support the rapid growth of the organisation, which has doubled in just the last three years. Providing globally distributed team members with an easier, faster, and standardised approach ensures that the charity’s budgets and forecasts reflect current local conditions and currencies, all rolled up into a single platform.

 

“We’re proud to provide organisations like HALO with more time to focus on the important humanitarian work they do by simplifying and modernising their business planning process,” said Robert Douglas, Europe planning director at Adaptive Insights. “By streamlining budgeting and forecasting, we’re helping to make every pound and every volunteer hour count, which in turn helps HALO maximise the impact on its mission to save and protect lives.”  

 

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