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Finance Magnates TLV 2016 Conference

YFX team at FM TA Conf 2016 - website

 

What an exciting event! The YFXjobs team enjoyed every minute of the conference.

The elegant event in Northern Tel Aviv was a true meeting of the minds; a networking event of the elite industry giants in Israel.

Who was there?

Representatives from Leverate, GBO, Goldencall, Signal Trader, FXCM, BetaMedia, Samsung, Panda, SpotOption, BOA and many more discussed the most recent industry developments and the future of Finance and Fintech in Israel. Lectures in Fintech, Retention, Israeli Finance regulations, SMM and SEO developments showcased the latest research and optimization strategies available.

 

The Fintech Product Elevator Pitch Contest, however, stole the show. 8 hand-picked startups had the opportunity to pitch their innovations to an esteemed panel and audience.   MB Visual Trade walked away with the Most Outstanding Product Award for their revolutionary pricing engine, “Exotic Options” that brings Binary Options trading to a new level of high paced accessibility and enjoyment.

Brexit Aftermath News:

The big news on everyone’s lips was the recent Brexit vote and the repercussions for the industry around the world. Claims that, despite the devastating outcome, the biggest hub of Finance and Fintech will remain in London didn’t seem to hold water with many of the other financial experts at the conference. CySEC, one of the most prominent European regulatory boards of Binary Options and Finance institutions, is pushing for Financial companies to physically relocate their headquarters to the sunny shores of Cyprus. The long established Swiss finance centers also weigh in, while Germany’s extensive infrastructure, prominent status within the EU and ideal location between Eastern and Western Europe had some speculating that Finance companies would prefer Berlin or Frankfurt.

 

One of the biggest obstacles to Israel winning the bid, despite our close proximity to Europe, excellent infrastructure and wealth of talent, seems to be our stringent industry regulations and that we are not part of the EU, despite the EU itself currently being on shaky ground.

Ultimately Ireland seems to be leading the race to win the industry over with their strong HiTech and Fintech infrastructure, close proximity to London, EU certification and native English.

Other Big Changes On The Horizon:

Another significant revelation of the Finance Magnates TLV conference was that, due to the world wide success of the regulated Binary Options industry, many Binary Options companies are now opening Forex subsidiaries to expand their services. Three years ago the trend was the other way around: for Forex companies to add Binary Options subsidiaries to expand their services.

 

And in other big news in banking is that Fintech is no longer viewed as a banking competitor, but is increasingly being incorporated into established banking systems.

 

We are all looking forward to meeting up again this November in London for even more exciting networking opportunities, the latest information and most cutting-edge exhibitions in the industry at the Finance Magnates London Summit 2016!


July 4, 2016

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