FINVASIA Group Announces Acquisition of ActTrader
Summary
The company has processed over $400 trillion in transaction volume and has acted as the core technology provider to some of the largest financial institutions in the world. FINVASIA Group is a multi-disciplinary, multinational organization that owns multiple brands in the financial services, fintech, blockchain and technology sectors. "Uniting our companies will allow us to drive new innovations and create fintech solutions that not only address todays requirements but are also flexible enough to meet tomorrow’s technological advances.” Together, they envisage to build the next generation of the blockchain and AI based trading applications, a unique social trading platform, robust risk management and liquidity management solutions, variety of plug-ins and business intelligence tools that will challenge industry standards and extend the frontier of Fintech industry. Effective immediately, ActTrader will become a subsidiary under the FINVASIA Group, with Ilya Sorokin continuing as the CEO and all current management and associates remaining in place. Founder and CEO of ActTrader Technologies, Ilya Sorokin stated, " This acquisition broadens our footprint and strengthens our ability to serve new clients, well and long into the future.