Kristina Shytova, CEO & Co-founder of Aura Group Consulting Services: How Consulting Helps Forex Brokers

Aura Group Consulting Services has been handling personalized financial consulting and tax accounting services within the European area since 2019.

Kristina Shytova, the CEO and co-founder of Aura, joins Fazzaco and speaks about how their consulting services help forex brokers.

Fazzaco: Thanks for joining us here at Fazzaco, Kristina! Could you let us know what your role is at Aura?

Kristina: Thank you for reaching out. My name is Kristina Shytova, and I'm the CEO and Co-founder of Aura Group Consulting Services Ltd. My role is very complex in this company, its more organizational and developing the services we can provide for the financial industry and not just specifically fin-tech. All start-ups and ongoing businesses are welcome into our company who need development, modernization and optimalization.

Fazzaco: Fazzaco is a FX B2B platform. We would like to know more about the institutional services you offer to financial institutions, forex brokers particularly.

Kristina: Aura Group Consulting Services Ltd. Is wide range consulting and development service provider, in matter of finance-banking solutions, business development, back-office services, legal services… basically everything what a forex broker might need, there is almost nothing we cannot find for them, from starting small operations to grown ones. With all our services, strict instructions and rules are applied, which helps FX brokers reduce inconveniences, which they might not know they might face with during operation.

Fazzaco: What are the most asked questions you get from financial institutions?

Kristina: The most common questions are regarding pricing, safety and how flawless the service they use.  The answer is: the price is fixed, safety is guaranteed, and the services are supported in reasonable times.

Fazzaco: Technology is playing an increasingly important role in regulatory and compliance processes. What is your opinion on the role of technologies being used in these areas?

Kristina: From our experience, what we see in the past 3 years, the technology is developing faster as the compliance officers are catching up to it. More to say in process of verification, the technology and the knowledge of the processed documents are different by regions and contries. What I would say with the development of supporting technology the education is important too, because not everyone has the same pace. In fact I would develop a synchronized system, which is known globally, just like MT4- MT5 trading platform.

Fazzaco: Has Covid changed your business? What is like to work at Aura everyday during Covid times?

Kristina: Well, it was hard to realize that we are limited in movement – we can't meet abroad our partners, and all the operation suddenly became online. This way, the working day became longer, as everyone had to turn to home-office, or just working from office. I must say it became very efficient and we had more time to discuss further ideas and bring more support to our partners. Working at Aura FCS every day is something new, it's never boring, and it's always motivating to develop skills. Don't get stuck with the old ways, be flexible, fast understanding and adjusting to situations. I must say, during Covid times we saw that our services do bring better changes and they do matter for our partners.