EXINITI announced on Thursday that it had entered the forex and CFD industry as a financial technology provider for brokers. According to an announcement shared exclusively with Finance Magnates, the company is headquartered in the United Arab Emirates, offering solutions for the technology and support targeting Forex and CFD brokerages on a global scale.
The core offerings of EXINITI include an online and scalable CRM package, back-office support systems, client/IB portal solutions, MT5/4 white label solutions and support with customizable website integration and development. Furthermore, the company offers web development and support for integrating payment solution providers, including the ones from third parties.
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“EXINITI was founded because there was a gap in the market in terms of technology-related advancements and support for financial services. EXINITI provides everything a Forex and CFD brokerage requires to get set up correctly from day one. We have also perfected the solutions needed to run a brokerage’s day-to-day operations smoothly and in the most efficient and scalable way possible,” Mohamed Rashad, CEO and Founder of EXINITI, commented on the launch.
The company was founded at the end of 2020 in the midst of the coronavirus pandemic, but that did not stop its plans to establish its presence by offering CRM solutions headquartered from the MENA region. “Since its inception, EXINITI has facilitated a comprehensive suite of ground-breaking technology solutions that brokers can draw upon. In addition to this, brokers can take advantage of collective expertise and resources from industry veterans in order to integrate innovative solutions that address the challenges of running a financial institution,” the company noted.
Rashad, CEO of EXINITI, has been active in the financial industry in the last few years. He worked for companies like FXGate as Head of Information Technology and MultiBank Group as Chief Technology Officer. Moreover, he served as Regional Head of IT for the UAE-based firm, Equiti.com.