Deriv Opens Innovation Hub in Nicosia
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A New Era of Innovation and Talent in Nicosia: Deriv Expands Its Presence in Cyprus
In the rapidly evolving world of fintech, innovation is the name of the game. And it’s no surprise that Deriv, a renowned online broker in the financial sector, is taking a bold step towards the future by opening an innovation hub in Nicosia, Cyprus. This significant move underscores the company’s ambition to shift from being a traditional forex broker to a fintech power player, leveraging cutting-edge technology and attracting top talent in the industry.
A Strategic Expansion
With a global presence spanning 20 locations and a 25-year track record, Deriv has established itself as a force to be reckoned with. The company’s commitment to innovation is evident in its numerous ‘Great Place to Work’ accolades, including its office in Limassol. Rakshit Choudhary, Co-CEO of Deriv, notes that Cyprus is a prime location for the company’s growth, thanks to its robust reputation as a thriving hub for research and technology. "Our investment here not only strengthens our operational framework but also allows us to tap into the vibrant ecosystem that Cyprus has cultivated," he explained.
Pioneering Innovation and Talent
Scheduled to open in mid-December, the Nicosia office will serve as a cutting-edge innovation hub, focusing on advancements in technology such as artificial intelligence (AI), data analytics, and no-code/low-code development solutions. This initiative is part of Deriv’s vision to evolve into a dynamic fintech company, poised to shape the future of online trading. The office will be a magnet for exceptional talent in roles such as Trading Analysts, DevOps and WinOps Engineers, and Low-Code/No-Code Developers. "This expansion seeks to attract forward-thinking minds who are not only looking for career opportunities but to accelerate their professional growth through dynamic roles," said Andreas Potamitis, Head of Nicosia Office. "Deriv offers extensive opportunities for professionals to work on AI-powered trading solutions, advanced platforms, and sophisticated projects, all without the need for lengthy commutes."
A Hub for Top Talent
The Nicosia office will provide an opportunity for professionals to work on cutting-edge projects, utilizing the latest technologies to drive innovation and growth. With Deriv’s commitment to nurturing talent, this hub will be an attractive proposition for those seeking challenging and rewarding careers. "Deriv offers comprehensive opportunities for professionals to work on AI-powered trading solutions, advanced platforms, and sophisticated projects," said Andreas Potamitis. "Our team is passionate about crafting a unique working environment that fosters collaboration, creativity, and continuous learning."
A Bright Future Ahead
As Deriv’s flagship innovation hub in Nicosia takes shape, the company is poised to make a significant impact on the fintech landscape. With a workforce of over 1,400 people globally, Deriv is committed to making online trading accessible to anyone, anywhere. Its extensive range of trade types and over 200 assets across popular markets on award-winning, intuitive trading platforms have made it a trusted partner for millions of traders worldwide.
Conclusion
Deriv’s foray into Nicosia marks a significant milestone in its journey to revolutionize the online trading industry. By opening an innovation hub, the company is sending a clear message that it is committed to staying at the forefront of fintech innovation. With its ability to attract top talent, Deriv is well-positioned to achieve its goal of transforming from a traditional forex broker to a dynamic fintech power player. As the company continues to evolve, one thing is clear: the future of fintech is in good hands with Deriv at the helm.
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Discover career opportunities at Deriv and be part of this exciting journey. With Deriv, the possibilities are endless, and the future is bright.
