Implications for Trade and Growth

Connectif announced that Eiger Trading Advisors, the market leading, UK FCA regulated FinTech firm specialising in brokerage and trade facilitation services for the Islamic financial market, has signed as a client to use its platform, iWAVE.

iWAVE provides access and connectivity to all Islamic finance market participants in one place, via a central, secure, digital platform.

iWAVE unifies processes across the entire transaction lifecycle, creating efficiency in key areas including agreement negotiation, KYC management, trade execution and post trade processing. iWAVE allows all Islamic deposit and financing products to be transacted in realtime, without compromising on Sharia’ compliance. Connectif’s digital solution is focused on simplifying processes while adding value across the entire transaction lifecycle.

Eiger will begin by using the Master Agreements & KYC Management module of iWAVE, deriving immediate benefit by efficiently and securely storing their agreements and KYC information for exchange with their own client base.

David Potter, Managing Director of Connectif said “We are very pleased to have signed Eiger to use our platform, who are a well-renowned, leading Islamic fintech firm. We believe iWAVE will bring them a host of benefits both internally and externally with their substantial client base. This is, we hope, the start of a successful relationship and we are already examining other areas of collaboration between our two companies, which could bring wider benefits to the industry as a whole.”

Stephen Openshaw, CEO & Managing Director of Eiger commented “We know and have worked with Connectif very well, The iWave Platform is an exciting innovation and we are pleased to be an early adopter of their ground breaking solution. Its good to see Islamic Fintech businesses working closely together and we are looking forward to continue working with them in areas of mutual co-operation.”

See the article from Islamic Finance News here