Neurogine rolls out mobile app to address financial access issues

SELANGOR, Malaysia - Sept. 28, 2021 - PRLog -- Neurogine Sdn Bhd has released Neurogine nTrade® Mobile for its corporate and retail users to solve liquidity and financial access issues plaguing the industry.

According Neurogine chief executive officer Owen Chen, Neurogine nTrade® is currently experiencing about MYR2 million per week of transactions. "With Neurogine nTrade® Mobile, we anticipate both the value and volume of transactions will increase significantly and potentially exceed MYR10 million per week," he said adding it is now available on Google Play Store and Apple App Store.

"We understand that while the Forex and Securities financial markets are established and streamlined, fiat/ digital fiat transactions are highly fragmented. There are massive price disparities across exchanges, which is caused by existing limitations where every exchange operate in a silo. This effectively limits their offerings and subsequently, rates," he explained.

A direct route pairing of USD/ETH in Exchange A can have a different value in Exchange B. Subsequently, a multi route, multi pairing approach across multiple exchanges can offer significant price improvements. Neurogine nTrade® Mobile's Artificial Intelligence (AI) engine is fully capable to ascertain rates from many exchanges almost simultaneously.

The commercial roll-out of Neurogine nTrade® Mobile has been tasked to Neurogine Capital (L) Ltd, which is fully licensed and regulated by Labuan Financial Services Authority (LFSA) to operate a Labuan Money Broking Business and recently approved to operate a Labuan Payment System Operator (PSO) Business. This offers greater transparency and user protection as two versions are now available.

The corporate version of Neurogine nTrade® Mobile is positioned as a white-label solution and customised or rebranded, with minimal capital expenditure. "The customised version can be completed within three months, while still complying with regulatory Know-Your-Customer processes and others." The retail version is being rolled out to current users. "We have two new features; micro transactions and price alerts. The minimal amount for any transaction now starts at USD25 or MYR104 and this offers a low-risk starter point. There are no commission or hidden fees. This is reassuring and attractive to users now beginning their journey in this market. We hope our effort contributes towards democratising accessibility to global markets for millions in this region."

The second is Price Alert.  "Users can configure targeted rates for a specific digital asset and receive active alerts when the market reaches the targeted rate. Many of our users have requested for Price Alert so they can enjoy the rates they seek without having to dedicate much time monitoring the markets. This feature offer users a peace of mind."

ADDRESS
Neurogine Capital (L) Ltd, Business Suite 1620, Level 16 (A), Main Office Tower, Labuan Financial Park Complex, Jalan Merdeka, 87000 FT Labuan, Malaysia.

http://www.ntrade.com.my