Pacific Bound: ATFX and Pacific China Friendship Association Forge Strategic Alliance

<p>AT Capital Group Limited, a prominent fintech player
known for its ATFX brand has joined hands with the Pacific China Friendship
Association (PCFA) to forge a strategic partnership. This alliance solidified
through a Memorandum of Understanding (MOU), aims to propel the economies of
Pacific Island nations through financial solutions and development projects.</p><p>Through the signed MOU,
AT Capital will reportedly gain a strategic avenue for potential investments in
a regional bank, the statement released today (Tuesday) indicated.
Additionally, this venture aims to bolster the economic foundations of the
Pacific Island nations by improving their financial sectors and paving the way
for development initiatives.</p><p>Eyeing Opportunities in
the Pacific</p><p>Dr. Hiria Ottino, the
President of PCFA, remarked: "PCFA will provide its full support to the
benefit of the people of Tonga and the South Pacific Island countries; and will
continue to be involved in supporting and contributing to the Pacific's
economic development in various industries, such as tourism, fisheries, and
agriculture."</p><p>At the core of the
strategic alliance is the alignment with the Maritime Pearl Road, a southward
extension of the Belt and Road Initiative. By focusing on important areas such
as trade opportunities, investments, and infrastructure, this collaboration
seeks to uplift the economies of the regions, the two organizations said.</p><p>AT Capital Group Limited
is a <a href="https://www.financemagnates.com/terms/f/fintech/">fintech</a> company with a robust global presence. Its brand ATFX offers
<a href="https://www.financemagnates.com/terms/o/online-trading/">online trading</a> services, market analysis tools, and artificial intelligence
(AI), powered financial platforms. On the other hand, Pacific China Friendship
Association (PCFA) is a non-government organization founded by Princess Salote
Mafile'o Pilolevu Tuita of Tonga.</p><p>ATFX's Global Licensing</p><p>In July, ATFX took a
significant step in expanding its global presence with the <a href="https://www.financemagnates.com/thought-leadership/atfx-expands-global-reach-with-acquisition-of-rakuten-securities-australia/" target="_blank">strategic
acquisition</a> of Rakuten
Securities Australia Pty Ltd., a subsidiary of Rakuten Securities, Inc. By
bringing RSA into the fold, ATFX opened its doors to the Australian market. The
fintech firm is regulated by multiple regulatory bodies, including FCA in the
UK, CySEC in Cyprus, SCA in UAE, and FSA in Mauritius.</p><p>In the Middle East, ATFX <a href="https://www.financemagnates.com/forex/brokers/atfx-partners-with-jordans-aswaq-invest-opens-new-amman-office/" target="_blank">obtained
an Arrangement and Advice license</a> from
the UAE's Securities and Commodities Authority (SCA). This Category Five
license granted the company the capability to offer financial consultation,
analysis, and client introduction services in the region, <a href="https://www.financemagnates.com/" target="_blank" rel="follow">Finance Magnates</a>
reported.</p><p>Similarly, ATFX partnered<a href="https://www.financemagnates.com/forex/brokers/atfx-partners-with-jordans-aswaq-invest-opens-new-amman-office/" target="_blank"> with
ASWAQ Invest</a>, a prominent
player in the Jordanian financial sector, last year. This partnership empowers
ATFX to legally offer trading services in Jordan.</p>

This article was written by Jared Kirui at www.financemagnates.com.