9th Gear Technologies Founder and CEO Recognized by Stevie@ Awards for Using Blockchain to Deconstruct the $5.1 Trillion Daily Foreign Exchange Market
PALO ALTO, CALIF. – November 16, 2018– 9th Gear Technologies, the only B2B institutional marketplace to enable same day Foreign Exchange (“FX”) transactions, today announced its founder and CEO Maryanne Morrow was named a Silver winner in the 15th annual Stevie® Awards for Women in Business as the Most Innovative Woman of the Year in the technologycategory.
The Stevie Awards for Women in Business honor women executives and entrepreneurs around the world. Maryanne was recognized for her role in disrupting the institutional FX industry, a $5.1 trillion daily market, by leveraging the power of blockchain and smart contracts to deliver a more efficient lending and trading marketplace. This new marketplace reduces systemic risk and decreases capital requirements, with greater speed and at substantially lower back-office costs. While other companies work to remove complexities along the same institutional FX exchange cycle that has been in place for years, 9th Gear is the only company that flips the fundamental process of the FX trade on its head - from trade then fund, to fund then trade -- thus eliminating delivery risk and reducing back office costs.
“It’s gratifying to be recognized by the Stevie awards for innovation that dramatically impacts the financial industry,” said Morrow. “I’ve spent my career looking for smart solutions to complex problems, which led me to create 9th Gear on the premise that we will fundamentally re-imagine the FX market as we know it today. Based on the achievements of the other women recognized this year by the Stevie awards, it’s clear this is an exciting time to innovate and disrupt across a variety of industries.”
Morrow brings more than 20 years of experience in industrial finance, investment and mentorship to her role at 9th Gear. She built her career in the finance industry and is now also an expert on blockchain, ICOs and cryptocurrency, and oversees 9th Gear’s corporate strategy, company growth and investor relations.
Now in its 15th year, the Stevie Awards for Women in Business received more than 1,500 entries this year in over 90 categories. More details can be found atwww.StevieAwards.com/Women.
About the Stevie Awards
Stevie Awards are conferred in seven programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Great Employers, the Stevie Awards for Women in Business and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 10,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevie’s recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards athttp://www.StevieAwards.com.
About 9th Gear Technologies
9th Gear Technologies is the only B2B institutional marketplace that enables same day Foreign Exchange (FX) transactions with a peer to peer lending capability. We increase both trading and payments liquidity and offer greater transparency, reduced risk and lower cost to significantly more participants. Through a digital transformation of the backend, 9th Gear has re-imagined the FX transaction, moving from today’s process where a handful of global banks dominate the industry and trades take two days to settle, to a process that is open to brand new participants and can be completed in minutes. 9th Gear leverages the smart contracts and distributed ledger of a private permissioned blockchain to transform this $5.1 trillion daily industry.
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