UAE FinTech start-up QFIL Solutions wins ‘Best FinTech AI solution’ at top international industry awards

Homegrown FinTech provider specialised in AI-driven FinTech solutions scoops prestigious
title at this year’s Ultimate Fintech Awards at iFX EXPO International in Cyprus for its cutting-edge MAGUS AI

09 JUNE 2022, DUBAI, UAE: QFIL Solutions – a leading UAE FinTech start-up – has scooped the ‘Best Fintech AI Solution’ award in the IFX EXPO International – Ultimate Fintech Awards,2022 just held at a glittering event attended by top-level international fintech executives in Limassol, Cyprus.

QFIL Solutions claimed the top prize for its product MAGUS AI – an AI driven trading solution which assist investors in their trading, while offering real-time added value that helps in minimizing risks and maximizing profits.

Unlike any other product in the market, MAGUS AI means traders don’t have to spend hours reviewing news, technical analysis, technical indicators, or analysing tools to create a self-conclusion. Magus AI was created to do all of this on a trader’s behalf.

Since its soft launch in March 2022, MAGUS AI has been used by more than 5,000 traders in over 20 countries.

Elated at winning the award, Hani AlAita, Co-Founder & Managing Director, QFIL Solutions commented “We are thrilled that QFIL Solutions’ cutting-edge MAGUS AI, has been recognised by the Forex Industry as the best among other prominent worldwide Fintech AI Solutions at the Ultimate Fintech Awards held during the IFX Expo – the world’s largest traders’ expo,”

“An accurate real-time reading of the market is critical for trading success and being a step ahead allows traders to have this edge. AI technology is recognized as a key driver for trading platforms growth in the years to come, with over six years of machine learning that keeps on learning, delivering +80 per cent accuracy our MAGUS AI technology has already started to change the game for traders to another level.”

He added: “Our vision at QFIL is to become the AI driven trading solutions of choice for Millennials and GenZ traders as we empower them throughout our solutions to risk less and gain more.”

Indeed, research has shown AI is becoming a main driver for trading platform adoptions, transforming the future of these platforms.

QFIL is set to soon launch other new disruptive trading products to help Millennials and GenZ traders gain more and risk less.

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