Saxo Bank, the leading fintech and regtech specialist focused on multi-asset trading and investment, has signed a new partnership with Market Trader Academy (MTA) which will see the roll out of financial and banking education throughout the GCC starting with the UAE.

Steve Weller, CEO, Saxo Bank, MENA region, said: “This collaboration with a reputable and widely respected educator is part of a wider initiative by Saxo Bank to partner with relevant organisations globally to help investors, financial professionals and individuals gain deeper insights into the financial markets and enhance their trading, risk management and investment strategies.

“Fintech is now transforming investment transactions and, as a leader in the field, it makes sense for us to assist in spreading knowledge of just how technology can be used to make better informed decisions and speed-up transactions. By powering MTA with our technologies we are not only helping them to educate regional traders and investors, we are also giving them access to best-in-class technology,” continued Weller.

Meanwhile, MTA are now in talks with universities across the GCC to host their recognised courses in financial assets, currencies, global equities and commodities with the UAE as the launch pad.

“These talks are in their final stages and will ensure that students will train exclusively using Saxo Bank’s industry-leading technologies and platforms,” explained Amro Zakaria, co-founder of Market Trader Academy. “Long-term we envisage the establishment of financial labs within the partner universities all of which will have access to Saxo Bank’s proprietary technologies.”

MTA is seeking to train between 3,000 to 5,000 students and financial professionals a year across the wider GCC.“The collaboration project will launch in the UAE and spread throughout the GCC before the initiation of a second phase in Africa,” said Amro Zakaria Abdu of MTA.

-Ends-

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About Saxo Bank
Saxo Bank Group (Saxo)  is a leading Fintech specialist focused on multi-asset trading and investment and delivering ‘Banking-as-a-Service’ to wholesale clients.

For more than 25 years, Saxo’s mission has been to democratize investment and trading, enabling clients by facilitating their seamless access to global capital markets through technology and expertise.

As a fully licensed and regulated bank, Saxo enables its direct clients to trade multiple asset classes across global financial markets from one single margin account and across multiple devices. Additionally, Saxo provides wholesale institutional clients such as banks and brokers with multi-asset execution, prime brokerage services and trading technology, supporting the full value chain delivering Banking-as-a-Service (BaaS).

Saxo’s award winning trading platforms are available in more than 20 languages and form the technology backbone of more than 100 financial institutions worldwide.

Founded in 1992 and launching its first online trading platform in 1998, Saxo Bank was a Fintech even before the term was created. Headquartered in Copenhagen Saxo Bank today employs more than 1500 people in financial centers around the world including London, Paris, Zurich, Dubai, Singapore, Shanghai, Hong Kong and Tokyo.

© Press Release 2019

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