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03.26.19
03.26.19

9TH GEAR NAMED “OVERALL MOST INNOVATIVE” BY PRESTIGIOUS MONARCH AWARDS

Mary-Lou Smulders

Company Honored for Deconstructing the $5.1 Trillion Daily Foreign Exchange Market

PALO ALTO, Calif. – March 26, 2019 –  9th Gear Technologies, the only B2B institutional marketplace to enable same day Foreign Exchange (FX) transactions with on-demand payment liquidity, today announced the company was named the “Overall Most Innovative” award winner in Barlow Research’s 2019 Monarch Innovation Awards.  

This Monarch Innovation Award is presented by Barlow Research Associates, Inc., and recognizes the top innovations within the financial services industry. These exclusive awards are presented to a select few financial institutions and industry partners that provide the most innovative products to business customers. The awards also recognize risk takers who create and promote innovation within their organizations. 9th Gear took top honors among a large pool of impressive candidates in the innovation categories, determined by individual scores on uniqueness, stickiness, defendability, ease of use, value and ‘wow’ factor.

9th Gear is the only institutional foreign exchange (FX) marketplace with on-demand payment liquidity, enabling same day trading and settlement. We offer greater transparency, reduced risk and lower cost to significantly more participants. Through a digital transformation of the backend, 9th Gear has re-imagined the FX transaction, moving from today’s simple messaging platform-based process where a handful of global banks dominate the industry and trades take two days to settle, to a process that is open to brand new participants and can be completed in minutes. 9th Gear leverages the smart contracts and distributed ledger of a private permissioned blockchain to transform this $5.1 trillion daily industry.

“We are thrilled to be recognized by Barlow Research one of the most well regarded research firms in the business banking market,” said Maryanne Morrow, CEO and founder. “It is an honor to be part of a dramatic reinvention of the FX industry - an industry which has been left relatively untouched for decades. We are eager to continue pushing the boundaries of the industry and delivering value to our customers.”

Now in its 12th year, Barlow Research’s Monarch Innovation Awards were developed to recognize innovation in the financial services industry for business banking. More details can be found at www.barlowresearch.com/monarchinnovationawards.

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About Barlow Research Associates, Inc. (BRAI):

Barlow Research Associates, Inc. was founded in 1980 to provide research and consulting services to the banking industry in the U.S. and overseas. BRAI specializes in custom research, strategic consulting and syndicated research programs in small business, middle market and digital business banking. All three syndicated programs provide a continuous flow of market knowledge and competitive intelligence to member institutions. www.BarlowResearch.com

About 9th Gear Technologies

9th Gear is the only institutional foreign exchange (FX) marketplace with on-demand payment liquidity, enabling same day trading and settlement. We offer greater transparency, reduced risk and lower cost to significantly more participants. Through a digital transformation of the backend, 9th Gear has re-imagined the FX transaction, moving from today’s simple messaging platform-based process where a handful of global banks dominate the industry and trades take two days to settle, to a process that is open to brand new participants and can be completed in minutes. 9th Gear leverages the smart contracts and distributed ledger of a private permissioned blockchain to transform this $5.1 trillion daily industry.

 

9th Gear is headquartered in Palo Alto, California, with offices in Boston, New York City, Salt Lake City and London. Follow us on Twitter or LinkedIn, or for more information, visit www.9thGear.io.

 

All trademarks contained herein are the property of their respective owners.

 



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