This leadership change followed Uldis Tēraudkalns stepping down as CEO on June 1, 2024.
Berrahal joined Nexpay in late 2022 and has held positions such as Chief Business Officer and Member of the Management Board.
Sofian Berrahal, Dukascopy Bank’s former Head of Sales, is the new CEO of Nexpay, a payment infrastructure provider for digital companies. This change in the company’s top leadership followed Uldis Tēraudkalns's departure from his role as CEO on June 1.
Nexpay's Leadership Transition
Nexpay mentioned in a LinkedIn post: "We would like
to announce important changes in the management of the company that took place
on June 1st, 2024: after six years of relentless building, Uldis Tēraudkalns has
decided to step down and pursue other opportunities, while our own Sofian
Berrahal took over the lead from Uldis and became the new CEO of Nexpay."
Berrahal has been at the helm of Nexpay since late
2022. He has extensive experience in the banking sector and has been with the company for close to three years, rising through the ranks from Chief Business Officer to member of the Management Board and now Chief Executive
Officer.
Sofian Berrahal, Source: LinkedIn
Speaking about the new changes, Tēraudkalns mentioned: "Sofian has been a key management team member since joining Nexpay
at the end of 2022 and is very well equipped for this role using his experience
accumulated during his managerial tenure at Nexpay as well as from his prior
career in banking. I would like to thank our team, clients, partners,
shareholders, regulators and all other stakeholders that helped me along the
way and wish Nexpay to reach new highs in the next chapter."
Experienced Executive
Prior to joining Nexpay, Berrahal was the Chief
Executive Officer of Nexdesk. At Dukascopy, he held several roles, including
the Head of Asia Business Development, Research Monitoring Brokerage Officer,
and Account Manager.
Meanwhile, Dukascopy recently integrated MetaTrader 5 (MT5) into its suite of trading platforms. This move followed the completion of testing and seeks to enable clients to access better trading services. With this offering, the Swiss online trading platform aims to boost user trading experience with analytical tools, technical indicators, and a range of trading activities.
In April, the company released its financial results, highlighting a net profit of CHF 1.3 million. According to the company, the positive financial performance was accomplished despite unfavorable changes in the market environment. The report highlighted that the cost-to-income ratio increased to 89.2% compared to 71.3% the previous year.
Sofian Berrahal, Dukascopy Bank’s former Head of Sales, is the new CEO of Nexpay, a payment infrastructure provider for digital companies. This change in the company’s top leadership followed Uldis Tēraudkalns's departure from his role as CEO on June 1.
Nexpay's Leadership Transition
Nexpay mentioned in a LinkedIn post: "We would like
to announce important changes in the management of the company that took place
on June 1st, 2024: after six years of relentless building, Uldis Tēraudkalns has
decided to step down and pursue other opportunities, while our own Sofian
Berrahal took over the lead from Uldis and became the new CEO of Nexpay."
Berrahal has been at the helm of Nexpay since late
2022. He has extensive experience in the banking sector and has been with the company for close to three years, rising through the ranks from Chief Business Officer to member of the Management Board and now Chief Executive
Officer.
Sofian Berrahal, Source: LinkedIn
Speaking about the new changes, Tēraudkalns mentioned: "Sofian has been a key management team member since joining Nexpay
at the end of 2022 and is very well equipped for this role using his experience
accumulated during his managerial tenure at Nexpay as well as from his prior
career in banking. I would like to thank our team, clients, partners,
shareholders, regulators and all other stakeholders that helped me along the
way and wish Nexpay to reach new highs in the next chapter."
Experienced Executive
Prior to joining Nexpay, Berrahal was the Chief
Executive Officer of Nexdesk. At Dukascopy, he held several roles, including
the Head of Asia Business Development, Research Monitoring Brokerage Officer,
and Account Manager.
Meanwhile, Dukascopy recently integrated MetaTrader 5 (MT5) into its suite of trading platforms. This move followed the completion of testing and seeks to enable clients to access better trading services. With this offering, the Swiss online trading platform aims to boost user trading experience with analytical tools, technical indicators, and a range of trading activities.
In April, the company released its financial results, highlighting a net profit of CHF 1.3 million. According to the company, the positive financial performance was accomplished despite unfavorable changes in the market environment. The report highlighted that the cost-to-income ratio increased to 89.2% compared to 71.3% the previous year.
Jared Kirui is an Editor at Finance Magnates with more than five years of experience in financial journalism. He covers online trading, fintech, payments, and crypto industries with a focus on companies, regulation and compliance, executive moves, trading technology, and market analysis.
His work has been featured in other media outlets, including Benzinga, ZyCrypto, The Distributed, and The Daily Hodl.
Education:
Bachelor of Commerce degree (Finance option), University of Nairobi
After 20 Years at Saxo Bank, Casper Andreas Solbakken Steps Down Amid Ownership Change
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
