“Hoddh” and “Nexo”; Farabi’s two wings fly in the sky of Capital Market – Tejaratnews
According to Tejarat News, Farabi Financial Group is now 14 years old and has been able to provide new services to customers during these years. However, this year Farabi has stepped forward with new technologies and has been the leader of financial services in the capital market.
Using ChatGPT’s artificial intelligence to answer customers’ questions, providing the service of “Hoodhed” card with the ability to increase value and “Nexo” card with the ability to connect bank accounts to capital market accounts and instant withdrawal of funds from the Farabi Fund are among the services that Farabi had brought with him to the exhibition.
gift box; Farabi’s climbing ladder
Ebrahim Keshavarz, Sales and Business Development Manager of Farabi Financial Group considers the gift fund, which has been activated as a fixed income fund for issuance and cancellation in the capital market, as a special advantage of Farabi over other competitors.
He said: “All our competitors and those in the capital market space have this type of fund in their portfolio and portfolio of products to offer to customers. We also have this fund and there is a competition on the percentage of interest that is equivalent to the annual and allocated; “We are also present in this competition and we allocate 26.1 percent of the effective annual profit to investors and make this profit for them.”
Keshavarz added: “But the most important strategy and advantage with which we participated in this exhibition is the added value services that we implemented on the gift box; The new technology-based tools on this fund are one of our advantages and strengths in this exhibition.”
“Nexo”; Cash investment with daily profit capability
The sales and business development manager of Farabi Financial Group continued: “Even our zoning and positioning in the exhibition were based on this strategy; For example, we have developed a “Nexo” bank card, which is connected to Shatab and the banking network, on the gift fund, which has daily interest, and its daily interest is far higher than bank deposits. In this way, the customer’s money is in the gift box, and at the same time, a Shatab member bank card is provided to the customer, and with this card, they can use ATMs like bank cards and perform all services such as card-to-card and Sheba. These cards also have a special number. The money and credit in this card are the units and value of the person’s property in the gift fund.
It should be said that “Nexo” is a different card with more features than usual bank cards. The possibility of automatic investment and instant withdrawal from the gift fixed income fund, unlimited daily deposit and various types of money transfer have turned Nexo into a bank card with special investment facilities. Business owners can also receive daily profits from their sales and income by connecting Shabai Nexo numbers to card readers.
Based on this, the bank’s short-term deposit interest is equivalent to 9 percent of the minimum account balance during the month; But Nexo profit is calculated on the basis of Farabi gift fund and on a daily basis. Hence, the customer’s money is credited with interest for all the days.
Automatic investment with Pinost
The sales and business development manager of Farabi Financial Group continued: “Another service we provide with the Pinost application is automatic investment, which is one of the new technology-based tools we have implemented on this fund.” He added: “In fact, “Pinoset” is like a savings bank that you can set to withdraw certain amounts from your account with the accesses it has already taken and invest it on a daily, weekly and monthly basis. At the same time, it allows you to access and spend through the “Nexo” card.
Hoopoe; Farabi magic beans
Keshavarz went on to point out other benefits and tools of the gift fund and stated: “Another new tool that we implemented and developed on the gift fund is “Hooded”. Headed with the slogan that we want to invest as a gift, has been implemented on this gift fund.
He added: “You can give gift fund units in the form of gift cards on various occasions in the Hood application. For example, you buy a gift fund card worth one million tomans for a person, but the difference with bank gift cards is that the bank gift card is a stagnant amount, but the Hudood card is awarded daily interest! This is another new tool that we have implemented on the gift fund, thus distinguishing it from the existing funds in the market.
The sales and business development manager of Farabi Financial Group announced: “In the future, we will offer another very attractive product on the same fund under the title of collateral, which will definitely be launched by the end of 1402. This is the fourth tool we have on this fund, and based on it, we can give credit and loans based on the assets that customers have in the gift fund.
Variety of algorithms for real and legal customers
These days, algorithmic transactions have become the strength of financial groups in the capital market competition. Farabi is also a leader in this field and offers new and diverse services in the field of algorithms to customers and traders.
Metin Karbasian, Algorithmic Trading Development Manager of Farabi Financial Group, explained about the new services of this group in the field of algorithms: “As the first company to be licensed in the field of algorithmic trading in Iran, we have been developing trading algorithms since 1995, and our main focus is It has been on executive algorithms. “Now, after the change of the license rule, we are in the process of obtaining new licenses so that we can provide these algorithms to legal users and real clients of the high portfolio.”
He added: “In our collection, algorithms are presented to users in several categories. The first category is trading execution algorithms. Our execution and trading algorithms are designed for clients to be able to manage large volumes and buy and sell at the right prices, causing market stability and increasing liquidity.
Designing marketing and portfolio management algorithms
Karbasian continued about the algorithms suited to the needs of legal clients: “Marketing algorithms are also designed to provide services to legal clients. Here, we have developed algorithms in such a way that market operators can be present in the market throughout the entire length of the market, while complying with the requirements of the law of the Stock Exchange and Securities Organization and while fulfilling their obligations, increasing the liquidity of the market and managing the risk of their assets. also do.”
Farabi Financial Group Algorithmic Trading Development Manager continued: “Besides these, portfolio management algorithms have been developed for the convenience of portfolio managers so that they can easily convert their assets and manage a large number of individuals through a target portfolio. “Changes that are implemented for one basket are automatically implemented for other target baskets.”
Utilization of new market monitoring systems
Karbasian also pointed to the market monitoring systems and stated: “Systems have been designed for market monitoring, event management and market warning announcements, through which users can be instantly informed about market events and take the next steps in this direction. Do.”
The Algorithmic Trading Development Manager of Farabi Financial Group said: “These algorithms will greatly help our real and legal users to have a better market inside the country, and to protect the market from fluctuations caused by trading mistakes and trading errors. keep away Also, increase the liquidity of the market in this direction. We hope that in the future, the regulator will accompany us and we will move in this direction.”
Although the financial industry exhibition has ended in this period, the services of Farabi Financial Group are always available and customers and investors can use the diverse facilities of this group in the field of brokerage services, portfolio management, investment, fintech, exchange, training, payment applications, consulting. Benefit from investment.