Financial Technologies launches four new products
DSIJ Intelligence / 03 Dec 2016
63 moons (formerly Financial Technologies) has launched four new products on its ODIN platform which is used by brokers to connect both stock exchanges and investors.
63 moons (formerly Financial Technologies) has launched four new products on its ODIN platform which is used by brokers to connect both stock exchanges and investors. The company has launched mobile trading application ODIN Wave for small brokers to offer this service to their customers and compete with large broking houses more efficiently.
ODIN eKYC allows brokers to open trading accounts for customers electronically. The investors with Aadhaar and PAN number can start trading in five minutes if they have registered their signature electronically.
The company has launched ODINValue-added service covering market research and ODIN Joytrader, which allows investors to use joy stick and experience the fun of playing games while investing.
It has showcased ODINVoice, which can execute trade orders seamlessly by investors after confirming one-time password and voice recognition as dictated. ODINVoice, an interactive trade execution platform, can take instructions in 14 languages.
On the financial front, Financial Technologies’ revenue has remained flat at Rs 39 crore in Q2FY17. The company’s EBITDA loss has narrowed down from Rs 48 crore in Q2FY16 to Rs 36 crore in Q2FY17. It has posted net profit of Rs 28.44 crore in Q2FY17 against net profit of Rs 1.74 crore in Q2FY16.
The share price of Financial Technologies declined by 1.16 per cent on bourses; and closed at Rs 72.25 on an intraday basis on Friday.
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