Hong Kong’s leading provider of bullion and FX trading services, m-FINANCE has teamed up with Backpack, a technology provider of all-in-one trading platform and back-office, to offer crypto marginal CFD offering to its Chinese and rapidly expanding South East Asian market. Following this strategic alliance, the two companies will launch a combined platform named mFinTrader which will include a range of products and services for organizations starting a CFD & Exchange Crypto Brokerage.
Singapore & Hong Kong, October 12, 2018
In order to enhance the company’s service offerings to the B2B clients and disrupt the existing FX/Bullion market, m-FINANCE has just announced the signing of a strategic partnership with Backpack. A noted supplier of WebTrader CFD platforms and back office solutions, Backpack is a familiar name in Singapore’s financial industry, retail broking, and electronic trading technology segments. This partnership has already paved the way for the creation of a new technology platform named mFinTrader that will help m-FINANCE deliver crypto marginal CFD offering to its clients.
WOWTrader has caught the attention of the financial markets thanks to their WebTrader based trading platform along with Backpack all-in-one solution: back office CRM, Client KYC Onboarding widgets, Affiliates & IB systems, Automation BI and payments SaaS solution for brokerages. This unique responsive web & mobile platform allows lightening fast integration via readymade and modular widgets that are tailored specifically for the financial industry, and is currently integrated into MT4, MT5 as multi-account offering. This unique product offers a simplified trading platform that has been strongly recommended by numerous users for benefits such as no negative balance, flexible leverage, fair trading, automatic risk control, multi-currency transactions, and the ability to trade cryptocurrencies without any crypto wallet.
As a partner of m-FINANCE, WOWTrader will create a branded WebTrader with unique theme for the company’s existing B2B customers that wish to add CFD on different markets. They will also be responsible for driving revenues through the promotion of the advantages of an all-in-one approach and easy onboarding of clients via widgets. On the other hand, m-FINANCE will function as the face of the operation and act as first line support to the B2B client base.
mFinTrader is a white label platform that promises to be a comprehensive turnkey solution for any organization looking to start a cryptocurrency exchange or brokerage. By offering an advanced responsive web trading platform and complete back office suite, mFinTrader enables companies to launch a fully branded system quickly and cost-effectively. Some of the benefits of this platform include easy and fast deployment, low ownership cost, multi-currency account, high security, mobile friendly design, and round the clock technical support.
“We see a strong demand for our marginal CFD cryptocurrency trading platform in the Asian markets both from existing brokers and newly crypto exchanges, our platform could be integrate in seconds both as a single sign on or as embedded script in any web-page or mobile browser,” said Yoni Avital, the CEO of Backpack. “m-FINANCE’s dominance in these markets can deliver very successful complete technology solution and support.”
“We are excited about the launching of mFinTrader which combines the strength of m-FINANCE and Backpack in trading technology and crypto spaces”, said Stephen Lam, Managing Director of m-FINANCE. “Our solution demonstrates how brokers can get into crypto market with mimimal time and investment.”
To find out more, please visit www.m-finance.com
About Backpack: Headquartered in Singapore with R&D offices in Tel- Aviv, Backpack is one of the leading fintech platforms and middleware back office solutions for clients in the financial industry, retail broking, and electronic trading technology. The company offers six technologies built as one solution, supporting more than sixty financial firms and covering almost all aspects of the back office needs of the capital markets industry.
About m-FINANCE: Established in Hong Kong in 2002, m-FINANCE is committed to providing its clients with independent foreign exchange, precious metals and bulk commodity trading platform construction services, rich financial information and one-stop trading system solutions. The company has pursued excellence over the years and continues to innovate, providing an exquisite range of top class products and professional services.