HAMBURG, Germany--(BUSINESS WIRE)--With its first App SwipeStox in stores, FinTech company The Naga Group AG, Hamburg, has closed an exclusive alliance with programming experts Ministry of Programming, Sarajevo, also known as the Ministry. Having announced several upcoming fintech developments this move signals a significant step for Naga in securing the necessary programming resources to deliver high quality products.
"Combining the Ministry´s know-how and professional standing in the community with our ideas secures excellence in execution" says Benjamin Bilski, CTO of Naga. He continues: "SwipeStox is a huge first step. We have more apps in the pipeline and are now in the position to start market planning."
The Ministry currently operates from Sarajevo, Bosnia, and comprises many well-known and highly skilled programmers. Faris Zacina, Managing Director for Ministry of Programming: "We are delighted. Naga has proven an excellent partner in the past with great ideas and vision. Being part of the Naga endeavours is a huge opportunity for us."
From MT4 financial data programming and supervision to cloud-based heavy data lifting everything is coordinated by the Ministry of Programming – now exclusively for The Naga Group AG.
THE NAGA GROUP AG:
Yasin Sebastian Qureshi is a banking and finance professional, as well as business leader since many years. He is the youngest person in Europe ever to have obtained a banking license, and subsequently founded and ran his own investment bank successfully going public in 2007. Qureshi formulated the idea of an initiative and incubator for disruptive financial technology in 2013. Growing quickly into a delivering entity, his investment since brought together a global team of experts building innovative and mobile apps. Hence, on the 1st of August, 2015, THE NAGA GROUP AG was incorporated. It’s mission: to develop, market and grow disruptive applications in financial technology, all of which aim to bring change and opening to an out-dated financial system. THE NAGA GROUP AG currently operates facilities in four countries across Europe (Hamburg, Frankfurt, London, Sarajevo, Nikosia). From product development to design and marketing all of its ventures are aimed at international communities. THE NAGA GROUP AG holds its own EU Asset Management licence enabling it to supply its ventures a framework of financial services ranging from brokerage licensing to legal support. The word "Naga" means "Cobra Snake" in Sanskrit and it is the name for the hottest chilli in the world.