KIEV, UKRAINE – 29th June, 2020 – Digital Dream Technology (“DDT”), a leading international provider of online foreign exchange trading provider, together with the MTB Bank (“MTB”) today announced the signing of an agreement, agreeing to collaborate on advancing the development of artificial technology in the financial sector.
By developing further towards the strategic goals of both parties, MTB Bank today has announced that it will deposit another USD 5 million into DDT PAMM system next week following a USD 10 million previously deposited on 17th June 2020. This action signifies a great leap of partnership for both parties.
MTB Bank is a Ukrainian universal medium-sized bank with more than 25 years of a rewarding experience on the financial market of Ukraine. As of today, the Bank is picking up the pace looking to find new prospects of business development, partnership relations establishment and extension, provision of quality services to customers through the introduction of new technologies and innovative solutions.
This agreement signing ceremony attracted more than 30 medias from the US and Europe. When being interviewed by the medias, Mr Boiko, Executive Director of DDT, he said:
“This partnership will expand both companies’ footprint in this region and will allow its members to experience the many benefits of AI Trading. With DDT’s long history and expertise as one of the world’s leading Fintech player, working alongside MTB Bank, we know that we can create new innovative financial solutions and are enthusiastic on the many possibilities. We look forward to sharing them with the market in the future.”
When the medias interviewed Mr. Kukhar, Head of the Partnership Relations Department of MTB Bank, he said:
“The MTB Bank has been exploring the application of Artificial Intelligence technology specifically in the financial industry. We have been observing the performance of Digital Dream Technology for 3 years and it proved that they are the expert in this area. We wish to cooperate with Digital Dream Technology in order to allow our business to venture into the Artificial Intelligence space. Through this agreement, we will be able to integrate AI solutions into our future banking products.”
DDT and the MTB Bank had already been working to continue exploring feasible mechanisms of Artificial Intelligence technology. The working group will also push towards an more unified financial solution.