TORONTO: Midpoint Holdings Limited (TSXV: MPT) announced the appointment of Mr. Derek Ivany as President and CEO.
In his capacity as President and CEO, Mr. Ivany’s mandate will be to advance Midpoint’s core business in addition to strategically positioning the Company within the rapidly growing fintech and cryptocurrency verticals.
As a result, the Company has commenced internal assessment of various potential corporate development initiatives with a view towards unlocking further value from the Midpoint payments platform.
Midpoint’s current core business is built upon a robust technological platform that facilitates cross-border payments and foreign exchange transactions.
Midpoint is registered and regulated by the Financial Conduct Authority (FCA) in the United Kingdom.
“Midpoint has built its core business within the highly regulated cross-border payments and foreign exchange marketplace where adherence to AML (anti-money laundering) and KYC (know your client) rules are of utmost importance,” stated Mr. Ivany.
“In emerging sectors, such as has been witnessed with cryptocurrency for example, currently loose regulatory guidelines can be a factor in the uptake rate of adoption. As such, we believe that the Midpoint platform along with the Company’s core operational personnel who possess experience in rigorous regulatory environments will lend themselves well to strategic positioning within various additional segments of the financial technology space. We look forward to providing further updates as we capitalize on opportunities and progress along our path in this exciting sector.”
In order to accommodate the managerial transition, Mr. David Wong will be stepping down as President and CEO of the Company but will remain the Chair of the Board of Directors. Mr Wong will continue in his vital role as the CEO of Midpoint’s subsidiaries and operating companies headquartered in the United Kingdom.
“I look forward to supporting Derek as the new CEO of the Group. I believe his leadership and vision will chart a new path and deliver tremendous shareholder value for the Company”, Mr. Wong added.
Headquartered in London, UK, Midpoint (TSXV: MPT) is an FCA authorized payments institution specializing in cross-border payments and foreign exchange. SMEs, overseas professionals, property owners, foreign students, individuals, and anyone involved in international payments use Midpoint’s US patent-protected platform for transparent, multi-party, multi-currency services.
Midpoint currently handles transactions in 26 currencies with the ability to collect and transfer across over 200 countries. This highly secure platform provides customers with the most cost-effective FX at the midpoint of the interbank buy/sell rate, therefore removing the spread as well as hidden costs and fees.
Midpoint Holdings Limited is listed on the TSX Venture Exchange and cross-listed on the Frankfurt Stock Exchange.
Midpoint Holdings Limited (TSXV: MPT) share price
0.38 CAD +0.050 (15.15%)
10 May, 2:04 pm GMT-4 · Disclaimer