Today at CryptoNewsZ, we are joined by Andrea Zanon, CEO of Nimbus Core, an expert financial advisor and a committed fintech entrepreneur.
CryptoNewsZ: Greetings, Mr. Zanon, and it’s nice to have you here with us. You have already been in this field for quite some time, isn’t it?
Greetings and thanks for having me, it’s a true pleasure to be here. You’re right, I’ve had more than 20 years of experience serving as a risk management expert. In the late 2000s, I was employed by the World Bank, working on investment advisory and risk management in the Middle East and North Africa. I’ve had quite some time being an advisor to President Clinton, as well as to Madeleine Albright, Secretary of State. Of course, that’s not all of my career, it’s full of various side projects, like startups in the energy management sectors in Latin America. This experience, the need to be constantly moving around the globe allowed me to gain the connections and knowledge that are vital for my current project — Nimbus Core.
CryptoNewsZ: Glad that you mentioned Nimbus Core. As we have heard, it’s a new-gen fintech ecosystem. Could you briefly describe it for our readers? What purpose does it serve? Where does Nimbus come from?
Well, Nimbus Core is an embodiment of my life-long dream — a full-service financial ecosystem that supplies users with the ability and tools to become individual investors. Working at the World Bank, I’ve explored the emerging markets of Africa and the Middle East to determine the challenges, risks, and opportunities. From infrastructure to regulation, there’re many issues that would stop things from getting done, but the biggest problem I witness is a lack of knowledge and access to basic financial services. Traditional institutions cannot effectively distribute their services, which results in over 1.7B people being strongly underserved or left without access. For many of these that have been excluded from mainstream financial services, inclusion is not just about having access to a bank account to put their money in. It is about having access to advisory services and instruments that enable their businesses to thrive and expand. Our aim is to empower those users with independence and knowledge to become participants in the world economy.
CryptoNewsZ: It is truly a great cause. But how does your platform work? What makes Nimbus remarkable for customers and how do you plan to expand the system?
What makes Nimbus unique, is the core design of the platform’s architecture. Nimbus, as an ecosystem, consists of a marketplace of standalone applications, soldered to a modular basis. This modularity allows us to bring overall performance on a new level: the platform is highly scalable and allows for seamless apps integration without disruptions. We’ve focused on the customer and their needs to provide a truly definitive experience — users can choose their own set of tools to utilize and build their well-being.
CryptoNewsZ: Talking about those tools, as you’ve said, Nimbus provides a marketplace for financial instruments, or “applications.” Are there any tools already available? We believe there should be. You couldn’t have launched with a bare carcass!
? Oh, you’re completely right. Nimbus Core promotes long-term partnerships built on fidelity and mutual profitability. Our first main task on the way to worldwide expansion is to acquire a large, dedicated customer base and educate them to become individual retail investors. And we’ve already launched a first tool that fulfills the task: Avalon, an automated trading software. It utilizes a low-risk strategy named arbitrage, which is, simply described, a form of trading in which a trader seeks to profit from discrepancies in the prices of identical or related financial instruments. Arbitrage is a great strategy, however, it cannot be efficiently used by manual traders at cryptocurrency markets, because price differences usually hold for fractions of a second, making it impossible to profit off. This is where Avalon comes into service. It searches for such momentary discrepancies and employs market inefficiencies to bring a passive income stream. Along with Avalon, we have also released a companion Bounty App that broadens the range of profitable opportunities within the platform through enhanced user engagement techniques.
CryptoNewsZ: If we get this correctly, Avalon sounds like a complicated entity and it also takes a vital part in your ecosystem right now. How do users experience Avalon? Do they have to watch for signals from algorithm, how does it actually work?
We’ve made sure to break down the process and simplify it for users as much as possible. This is courtesy of Quadum, our partners and the creators of Avalon. They developed this algorithm and are legally bound to update and provide assistance. At this point, we decided to eliminate unnecessary details, so the operating principle is clear for everyone: Users simply have to power up the Avalon and they can enjoy daily profits from automated trading. Despite being the pinnacle of user-oriented predictive modeling solutions, Avalon still has some design flaws in the long run: the algorithm’s operational capacity is limited and depends on market liquidity. When the limit is reached, Avalon’s performance drops down. And while we wait for the cap to overflow, plenty more is coming.
CryptoNewsZ: A clever solution, nonetheless. Avalon and Bounty, they are your first applications to launch. What about other products and plans for further development?
We have developed an extensive plan that ensures our evolution throughout the next year, including product releases, functionality updates, and some exciting news! At Nimbus Core, we’re aimed for the future: to explore the trends, the challenges, the risks and where we fit in as one of the fastest-growing companies. Analytics provides us with a 15-months estimate on Avalon’s operation time left before performance drop. Our main task is to fully utilize Avalon’s capabilities to gain the most solid asset of this digital era — a loyal and proactive community of educated investors. To move further, we’ve prepared a number of solutions aimed to further promote financial inclusion through other markets. Let’s take a look at the IPO market, for example. Despite its booming activity, the sector has been avoided by major FinTechs. Due to legal restrictions, bureaucracy and financial issues, people aren’t able to participate in the life-changing deals. The IPO market remains one of the most closed out, but yet visible to the general audience. Nimbus Core is committed to resolving this issue with a unique product that allows participating in upcoming IPO deals via our platform — IPO HUB. Our R&D team is currently working to make IPO HUB live in QT3 2020, and I can’t wait to present it before the public. As a matter of fact, prior to its launch, we’re gonna have a series of “deep-dive” events for our users, aimed to give fundamental knowledge and understanding of the IPO market. Our expert team of mentors will educate IPO HUB participants on the intricacies of this sector, as well as share analytics on upcoming IPOs. A whole new world is waiting for us.
Andrea, thank you for the interview and for sharing your insights about the Nimbus Core ecosystem. The CryptoNewsZ team wishes you tremendous success in all your future endeavors.