Blockchain Explored By FinTech Firms Novatti Group and Gingkoo

Announcements, Blockchain, FinTech | December 12, 2017 By:

Novatti Group has partnered with Gingkoo Financial Technology to develop opportunities to leverage Gingkoo’s blockchain technologies and expertise.

Novatti is a global software technology and payment services provider. With its multi-services payments platform, Novatti enables telco, banking and alternative network service providers to extend their product portfolio. The company’s software solutions include Consumer Digital Wallets, Branchless Banking, Mobile Money, Bill Payments, Remittance Services and Voucher Management Systems. Novatti’s transaction processing services include Flexepin, an open-loop cash voucher service and TransferBridge, a global remittance network.

With over 200 staff, Gingkoo is a private FinTech company in China in the provision of banking and blockchain technologies. The company’s solutions include lending, regulatory compliance and core payments along with extensive research and development (R&D) and experience in blockchain technologies. It is listed on China’s National Equities Exchange and Quotations (NEEQ) and is owned by management and venture captial investors that specializes in banking and financial services technologies.

Novatti and Gingkoo will work on a shared outcome basis to plan, market and deploy Gingkoo Starfish blockchain solutions. The companies will also explore initial coin offerings (ICO), financial services businesses and improving logistics operations.

The companies will quickly allocate project resources to give early impetus to the memorandum of understanding (MoU). The parties said, however, given the early stage of this agreement, it is too early to predict or plan financial outcomes.

“We are extremly well placed to take advantage of the enormous opportunity that the Gingkoo blockchain techologies presents through our experience in emerging and developing markets combined with the increasing financial processing networks that we control or integrate with.” said Peter Cook, CEO of Novatti. “Gingkoo is a partner with outstanding skills and intellectual property to help Novatti leverage their extensive blockchain capabilites into financial services and logistics markets.”

“We are excited at this opportunity to get international exposure for our blockchain technologies and in particular into emerging markets that form part of the Belt and Road,” said Gingkoo’s Chief Executive Officer, William Zuo. Novatti shows itself to be a strong fintech company with experience in building financial services in developed and emerging markets.”