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Broctagon’s CTO Ted Quek Shares His Quest for IKIGAI and Thoughts on the Future of Fintech

Thursday, November 24, 2022

It all started from tinkering with his uncle’s MS-DOS personal computer when Ted was just in primary school. Today, Ted Quek serves as the Broctagon’s CTO (Chief Technology Officer) and Co-founder, leading the innovative direction of the multi-asset liquidity and technology provider that spans 8 global offices, with clients across 50 countries.

A crypto advocate since 2015, Ted had developed a digital exchange Customer Relationship Management (CRM) framework that led to the launch of a successful Initial Coin Offering (ICO) which raised $27 million in less than a minute. His experience in this venture will later form the foundational concept of the NEXUS WorldBook™ where he envisions an inter-exchange liquidity framework.

If you ask Ted Quek what is the secret of his success, he will tell you it’s about his IKIGAI.

So just what is IKIGAI?

A combination of the Japanese words “IKI”, which translates to “life”, and “GAI”, which is used to describe value or worth. IKIGAI is all about finding joy in life through purpose. In other words, your IKIGAI is what gets you up every morning and keeps you going.
Broctagon's CTO Ted Quek: Quest for IKIGAI

What does the future of fintech look like to you?

As Broctagon’s CTO, these are a few key technologies that I believe is going to shape the future of fintech. Artificial Intelligence (Al) / Machine Language (ML) For example, a more personalised user experience through intelligent chatbot, track market changes and automated transactions based on users’ risk profiles.

This will Increase the operation efficiency and scalability. For example, decentralised and trusted authentication ecosystems. Users identity records like loans, health records can be processed more efficiently compared to the current process whereby it needs to be repeated whenever a user onboards with a new company.

Serverless computing and SaaS solutions
The former allows developers to build software quickly without the hassle of maintaining the backend server. SaaS solutions for businesses enables the use of software without maintaining it.

The Fintech space is constantly evolving quickly causing numerous disruptive changes. We need to be highly adaptable – continuously innovating to improve, automating the delivery of financial services, making processes for businesses and consumers easier and efficient.

Fintech is the space for me to express my IKIGAI.

Ted Quek answers some frequently-asked questions in Fintech.

What is Forex Liquidity?

Forex liquidity is the lifeblood of the financial market and it is what allows traders to enter and exit trades. Without liquidity, the market would be a very different place. Here, we will take a look at what forex liquidity is and how it works.

How Does a Forex Brokerage Operate?
The largest financial market in the world is foreign exchange or forex market, with a daily trading volume of $6.6 trillion. It is increasing at a rapid speed, and the increasing population is becoming interested in it due to the great potential for profit. As more people enter the foreign exchange market, many foreign exchange dealers and professionals have recognised the possibility to make significant income as forex brokers.
Why is Blockchain the Next Big Thing in Business?

Blockchain technology has the potential to revolutionise the way businesses operate. By creating a distributed database that is secure and transparent, blockchain could help businesses streamline their operations and reduce costs. Additionally, blockchain could help businesses build trust with their customers and partners by providing a more secure way to store and share data. While blockchain is still in its early stages, it has the potential to become a major force in the business world.

Watch the interview or Read the full feature article here.

About Broctagon Fintech Group

Broctagon Fintech Group is a leading multi-asset liquidity and full suite FX technology provider headquartered in Singapore with over 10 years of established global presence in Hong Kong, Malaysia, India, Cyprus, Thailand, and China. We specialize in performance-driven and bespoke solutions, serving clients across more than 500 countries with our liquidity aggregator technology, brokerage, and exchange solutions suite, as well as enterprise blockchain development.

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