Financial Technologies Group

Financial Technologies (India) Limited (FTIL) (now known as 63 moons technologies limited) is an Indian financial services company, formed in 1988.[5] It was funded by Jignesh Shah.[6] The company offers technology intellectual property to create and trade on financial markets.[7] The company commenced operations in 1988 starting off with the development of technology products for connecting financial markets. It had its first IPO in 1995. The company introduced its first commodity derivatives trading platform, the Multi Commodity Exchange (MCX) in 2003.[8] It established similar exchanges in India and elsewhere.[9] FTIL has divested of its domestic and international ventures.[10]

Financial Technologies (India) Limited
TypePublic company
BSE: FINTECH
NSE: FINANTECH
IndustryComputer services on finance/banking[1]
Founded1988
HeadquartersMumbai, India[2]
Key people
S Rajendran, Managing Director and CEO, Venkat Chary, Chairman [3]
ProductsSoftware
Revenue₹3.8 million (US$53,000) (as of 2016)[4]
Number of employees
857 as of December 2016 [2]
Websitewww.63moons.com

Operations

Atom Technologies

Atom Technologies Ltd. is one of India’s leading payments services providers started by FTIL, offering payment collection facilities over Internet, IVR, Mobile App and Point of Sale using credit, debit, net banking, cash cards and IMPS. [11] FTIL has divested controlling stake to NTT Data Corporation, Japan.

Ticker Plant

Ticker Plant launched by FTIL, is an analytics platform with real time streaming of market information on domestic and international exchanges as well as OTS markets. In the areas of commodities, forex and equity, Ticker Plant provides IT-enabled services.[12]

FTIL launched many domestic and international ventures. It owned many subsidiaries that included National Bulk Handling Corporation (NHBC),[13] Multi Commodity Exchange (MCX), Dubai Gold & Commodities Exchange (DGCX),[14] Indian Energy Exchange (IEX),[15] MCX Stock Exchange (MCX-SX),[16] DOME,[17] Risk Solutions,[18] Singapore Mercantile Exchange (SMX)[19] and Bourse Africa.[20] ODIN, the flagship product of the company, was used for trading in securities and commodities.[21] In October, 2010, Financial Technologies (India) launched Global Board Of Trade (GBOT), an international multi–asset exchange in Mauritius.[22] In February 2011, Financial Technologies launched Bahrain Financial Exchange (BFX), the first multi–asset exchange in the Middle East and North Africa.[23]

Currently, FTIL has divested of all its domestic and international ventures.[24]

Awards

The entity has won several awards like the ‘Amity Corporate Excellence Award’, ‘IT People award for Product Innovation’; ‘Exchange and Brokerage Products, Gurjar Ratna Award’,[25] ‘Ernst & Young Entrepreneur of the Year 2006 Award for business transformation’,[26] ‘DSCI Excellence Awards 2011’ in Security in IT Services – SME category,[27] and ‘Golden Peacock HR Excellence Award’ for the year 2011.[28] The company was featured in the FinTech 100 Rankings 2011 as well.[29]

See also

References
  1. "63 Moons Technologies Ltd. Stock Price, Share Price, Live BSE/NSE, 63 Moons Technologies Ltd. Bids Offers. Buy/Sell 63 Moons Technologies Ltd. news & tips, & F&O Quotes, NSE/BSE Forecast News and Live Quotes". www.moneycontrol.com.
  2. "63 moons | Jignesh Shah's foremost contribution to the Financial Sector". www.63moons.com.
  3. Board of Directors. Archived 16 August 2012 at the Wayback Machine
  4. "BSE Plus". Bseindia.com. Retrieved 25 September 2010.
  5. Rukhaiyar, Ashish (19 August 2015). "Financial Technologies changes name to 63 Moons".
  6. "FTIL group's Bahrain Financial Exchange starts membership campaign". Moneylife NEWS & VIEWS.
  7. "63 Moons Technologies Ltd". Business Standard India.
  8. "The amazing story of Jignesh Shah and MCX". www.rediff.com.
  9. "Financial Technologies (India) Ltd (FTIL) sells 6.92% stake in Indian Energy Exchange (IEX) for Rs.21.45 Crore". Investment India. Retrieved 5 April 2019.
  10. "Jignesh Shah Resigns as FTIL MD, to Become Chairman Emeritus".
  11. "Japan's NTT Data buys 55% stake in Atom Tech for $9 million".
  12. "The great enabler - Jignesh Shah".
  13. "FTIL completes sale of NBHC stake to IVF for Rs 241.74 crore".
  14. "63 Moons Technologies Ltd".
  15. "IEX to transform electricity trade in India".
  16. "Financial Technologies-promoted MCX to exit 3 exchange ventures".
  17. "MCX deploys FTIL's DOME and CnS".
  18. "Risk Management Solutions for Banks".
  19. "FTIL to launch bourses in Singapore, Bahrain, Mauritius in 2010".
  20. "Financial Technologies Acquires 60% Stake In Bourse Africa".
  21. "63 Moons Technologies Ltd".
  22. "Global Board of Trade Ltd (GBOT) Formally Launched by the Prime Minister of the Republic of Mauritius Today".
  23. "Financial Technologies launches Bahrain Financial Exchange; BFX to go live from 7th February".
  24. "Jignesh Shah Resigns as FTIL MD, to Become Chairman Emeritus".
  25. "63 Moons Technologies Ltd".
  26. "EY World Entrepreneur Of The Year™".
  27. "DSCI EXCELLENCE AWARDS 2011".
  28. "Financial Tech wins 'Golden Peacock HR Excellence Award' 2011".
  29. "63 Moons Technologies Ltd".
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.