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Home Technology Fintech

Direct TT Acquires Financial Consultancy Licene in the UAE

January 21, 2023
in Fintech
Reading Time: 2 mins read

Direct TTa financial consultancy firm, DTT Groupgot United Arab Emirates Securities and Commodities Authority (SCA) Financial Consulting and Financial Analysis License. DTT Group also announced plans to invest $10 million in regional businesses and fintech research and development over the next two years.

Following obtaining a license from SCA, Direct TT aims to provide clients with regulated financial research and analysis. The company also plans to provide scientific data to help predict price trajectories, future trends, and more in the forex, stocks, CFDs, precious metals, and energy markets.

The license also allows Direct TT to refer customers to financial services from SCA licensed entities. Financial consultancies can now promote, market and advertise financial products.

Obtaining a license will allow the company to make a number of regulated moves to support its goal of becoming a regional and global leader in the financial markets sector.

Direct TT also offersDirect TT IBA program designed to introduce Brokers (IBs), Commodity Trading Advisors (CTAs), Commodity Pool Operators (CPOs), Financial Brokers and all Referral Agents.

The program provides an opportunity to expand the number of covered products to our existing and potential customer base by providing access to the global foreign exchange, commodities and energy markets.

“SCA license is a big milestone”

Dr. Saif Al Islam Bin Saud Dr. Bin Abdul Aziz Al Saud, Chairman of the Board of DTT Group, commented on the news. he said:

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Furthermore, the fintech and innovation sector is experiencing a rapid boom as a result of high demand for companies to upgrade their technological infrastructure to meet global standards.

Waleed Eid, CEO and Managing Partner of DTT Group explained the importance of licensing. Ead commented: Our mission is to consistently provide regulated, accurate and trustworthy financial data, giving traders access to the best financial instruments and information, and the security to invest with confidence. .

We see the GCC as an important region for us because of its position as a global financial hub. We look forward to meeting the growing demand for cutting-edge fintech solutions, which further underscores our commitment to contributing to the empowerment of the financial sector across the region.

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