The Fintech phenomenon seems to be in good shape. Its emergence into the market in the last few years has been a revolution for many users in the financial industry, which before was dominated exclusively by traditional institutions like banks and brokerage firms. Today, things like managing assets, making investments, obtaining financing and other transactions are being performed through new pathwayswith these companies that combine finance and technology (thus the name) and have provided a breath of fresh air for many clients.
The main advantages of these companies are speed, agility, comfort and transparency. They alsoresult in reducedcommissions because ofa decrease in bureaucracy and by taking advantage of the benefits of digitalization. Their tools include technology that simplifies many processes, accessibility and the ability to offer innovative solutions and value-added services.Additionally, the digital environment is becoming more and more familiar to people, which means an increase in the number of users and a forecast of rapid migration from traditional institutions.
Training and information so you can trade with more resources
The German company NAGA Group saw this potential and decided several years ago to develop its app for use in the investment world. Even so, NAGA has wanted to provide something more than just the possibility of investing in Forex, Crypto or other stocks. Hence, its social platform, making it easy for different clients to share their experience and knowledge regarding different transactions,an innovative aspect of this sector. Furthermore, NAGA also has a training section for users to learn about the different aspects of this industry before jumping into trading.
Another innovative element is the possibility of utilizing “copy-trading” through NAGA Autocopy, where traders with less experience can copy the transactions of others who have a longer trajectory. Additionally, information is continually updated regarding the different stocks that users can trade, an aspect that is representative of Fintech companies. Of course, their technical tools are cutting-edge, both in terms of security and privacy as well as transparency.
Technology and innovation
NAGA’s digital environment boasts simplicity and it’s meant to be intuitive for the client, with different tools at hand that facilitate the use of the platform’s various products. In this way, with just one app and a single account, you can have a “shared wallet” toaccess the main products: NAGA Neo Broker for investments, NAGA Crypto for cryptocurrency exchange and NAGA Money for making payments, which in some regions includes a VISA debit card: NAGA Pay. This is an example of how the market is finding new financial pathways outside of more traditional institutions.
Today NAGA has more than a million clients and operates in more than 100 countries with different licensing requirements. They’ve achieved this result because of the simplicity of the registration process and the comfort of being able to access the different functionalities from just one app, available for Android and iOS. In its investment core, you can find all kinds of stocks from raw materials to CFDs (companies such as Netflix, Tesla, Google, Amazon and others) to Forex, Cryptocurrencies, Indexes (like the NAS100 and others) and Futures. All of this comes with the cutting-edge softwareMetatrader, and it operates with MT4 and MT5 and their corresponding advantages.
As was said before, we’re talking about a breath of fresh air in the financial industry and it’s a perfect example of what these companies that join technology and finance represent. They’re catering to a new audience, simplifying processes to benefit a users’ experience – users who choose these options more and more. They’re also obligating some classic institutions, like banks, to update their operations in order to compete in this historic market, in which NAGA is becoming one of the leaders.