XForex, also known as Ultimass Global, Inc., offers easy entry into forex trading while providing experienced traders with basic transactions and personalized services. The document discusses five trends that will shape the financial industry in response to the economic crisis: 1) expanding into emerging global markets, 2) sharing IT platforms to reduce costs, 3) increasing e-banking capabilities, 4) investing in emerging markets for future growth, and 5) using innovative technology and customer-focused strategies. XForex aims to attract new traders by not charging commissions and providing multilingual support services.

1. Growth Opportunities in Forex with XForex.com
XForex, also known as Ultimass Global, Inc. offers an easy-to-use entry point for newcomers to
the Forex market, while providing experienced traders with the full range of basic Forex
transactions and extensive personalized services to help investors get the most from their money.
As the economic crisis continues to unfold, the financial service industry faces serious
challenges. The crisis is rooted in continuous imbalances, including long periods of low interest
rates, rapidly rising asset prices, and massive credit and savings imbalances. The 2007 and 2008
Reports from the World Economic Forum predicted these changes as continuous risk to the
market.
Earlier decades of exceptional growth and capitalism at its best have now caused the market to
adapt to tighter credit, growing government intervention, slowing pace of globalization, and no
economic growth. With increasing regulations in the United States and decreasing availability of
credit, the industry faces a significant risk of stunted growth. The global recession is also
affecting the financial sector because of capital markets and decreased aggregate demand,
according to Max von Bismarck, Director and Head of Investor Industries.
This article will provide leaders, employees and investors in the financial service industry with
five unique and timely trends to keep in the forefront of their growth strategies for the next five
years. These five key trends will shape the post financial crisis in a holistic and systematic
manner.
GLOBAL BANKING. According to the World Bank, although many banks such as American
Express, Citibank and JPMorgan Chase conduct business in multiple countries, they are
relatively regional in the United States. In order to grow, the financial industry will have to
infiltrate emerging markets. For companies that have a more aggressive growth strategy, the
spread to emerging markets such as Africa and Asia presents unparalleled opportunities for profit
and increased market share.
IT PLATFORM SHARING. Network World confirms that financial service firms' business
strategies must be altered for the new dynamics and intricacies of today's market. Immediate
access to information and integration along product lines and geography are a must for future
success. With the need to supply information to a global market, firms must decrease cost. One
cost effective initiative is the use of platform sharing; like cell phone companies that collaborate
with local companies in order to decrease cost and increase access, financial firms can do the
same.
E-BANKING. A special report from The Economist sees that with 3.5 billion people with cell
phones and an expected 10-20% year over year growth, personal and business banking
transactions are conducted through cell phones more and more. Thus, E-banking capability is
quickly becoming an increasing requirement in order to compete in the marketplace. E-banking

2. capabilities provide companies with essential flexibility and differentiation in the market through
Internet-based service applications.
Financial service firms need to have sustainable, steady expansion in the emerging markets in
order to grow in the future. Deloitte and Touche Research reports that financial service firms
have not positioned themselves to capitalize on more geographically dispersed opportunities.
More than 93 percent of the executives interviewed for this report acknowledged that their firms
"are not operating in a globally integrated fashion."
The same report states that financial firms need to invest away from veteran or mature markets
and toward emerging markets because "by 2025, veteran markets will be rivaled by other
markets with faster growing economies and increasingly sophisticated financial product
appetites." USA based firms can look toward Japanese and African markets for expansion
opportunities. Kennedy Consulting analysts believe that the market will rebound from the global
financial crisis in 2011, but there will not be any return to the robust levels prior to 2007 until
much later in the decade; hopefully, the five key trends in this report will help the leaders,
employees and investors in the financial service industry to look toward a robust sound future.
In addition to growth strategies, in the 2002 Journal of Business and Industrial Marketing,
Henson and Wilson discuss the extreme changes that have occurred in the financial service
industry and how many firms are trying to develop and execute successful strategies based on
innovative technology and customers. Aside from the regular ups and downs of the financial
world, technology and innovation will always prevail as the win-win for the financial service
industry. Because online banking has become the norm for most customers, technology will be
very important in these firms' strategies.
With the customer at the center of most trends in financial service firms, creating new values for
their current and potential clients beyond current expectations will be a top priority. The need for
convenience mixed with technology makes mobile money a great initiative in the emerging as
well as the developed markets. Many firms have speed pay, the ability to pay without swiping
the card, as part of their credit card services. An embedded chip in the credit card enables
payments to be made by putting the card close to the payment processor. Mobile money will be
an expansion of payment and money transfers without the need for a card, the need to go to a
physical bank, or to use Internet banking. Payments, transfers, deposits and withdrawals can be
made with a cell phone.
The World Bank concurs that innovative technology and an increase in e-business strategies will
lead to much lower costs and greater competition in financial services. Internet and related
technologies, the World Bank affirms, are more than just new delivery channels; they are an
inexpensive, different, and very effective way to provide the same services. Since financial
service firms must grow organically, build customer loyalty, and accommodate the customers'
expanding needs for services and convenience, partnerships with new technology businesses will
allow them to lower their expenses and be competitive. XForex does not charge commissions to
its clients on trades, deposits or withdrawals; it derives its income from the difference between
the bids and asks prices. This is a significant advantage for beginning XForex traders, who can
more quickly achieve their financial goals without the burden of additional charges. Despite the

3. lack of commission fees, xforex review provides a full range of client services including
personalized investment advice and multi- lingual online support; since XForex.com caters to the
international investing community, its support staff offers assistance in English, Spanish, French,
Turkish, Portuguese, Russian, and Arabic.