Cinkciarz Innovates Online Currency Exchange and Payments Markets
- Payments , Cryptocurrencies
- 15.11.2016 01:00 pm
Cinkciarz, a European pioneer in the online currency exchange market, has announced it will use the latest GPU technology from NVIDIA® as part of a groundbreaking project to transform the way people exchange currencies and pay online.
Cinkciarz will be utilizing the NVIDIA DGX-1™, the world's first purpose-built system for deep learning and AI accelerated analytics, to help its users make smarter transactional decisions.
Within the past five years, breakthroughs in artificial intelligence algorithms, the availability of big data and the computational capabilities of GPUs have brought about an AI revolution. This powerful technology approach will transform every industry, including financial services and currency exchange markets.
"Our aim is to deliver a truly pioneering service to our users," explains founder and CEO of Cinkciarz, Marcin Pioro. "NVIDIA's deep learning supercomputer delivers the high performance computing power we need to develop the first venture of this kind in our region.
"We have selected NVIDIA's compute platform because we believe this technology is of great strategic importance to our business."
Alex White, Vice President of NVIDIA's enterprise business in EMEA, adds: "Cinkciarz is combining their experience and knowledge of the financial markets with GPU-accelerated AI to create new and inspiring potential for the FINTECH arena. Being a part of the latest example of how artificial intelligence is being applied to bring new business opportunities to a wide range of industries is very exciting."
This announcement marks the latest step in the Cinkciarz group's strategy to cement its position as a thought leader in the field of currency exchange market innovation. As well as leveraging the world's most sophisticated computing platform for artificial intelligence, Cinkciarz is partnering with recognised international academic and research centers to launch of its Research and Development Center, which is expected to create at least five hundred jobs.
Cinkciarz is a repeat winner of the global Bloomberg Rankings. The currency exchange company was named Player of the Year 2016 by Forbes magazine. The CEO of Cinkciarz, Marcin Pioro, was awarded Best Manager 2015 by Bloomberg Businessweek Poland. Reuters described the company as dominant in the Polish currency exchange market. The event that gathered the most attention from the media was the signing of the sponsorship contract with the NBA team, the Chicago Bulls.