Gal Hochberg Joins the Board of MillTechFX

MillTechFX, an independent, comparative multi-bank FX marketplace, announced today that the company has appointed Gal Hochberg, a serial entrepreneur and one of the leading fintech executives, as a Non-Executive Board Member to its main UK operating company.

In an official press release shared with Finance Magnates, MillTechFX highlighted the importance of secure systems and platforms in the global financial sector. The company aims to use the expertise of Hochberg for its secure FX marketplace.

Hochberg has more than 15 years of experience building and leading software companies in the areas of cybersecurity, artificial intelligence, machine learning and Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term. He co-founded different companies, including HiredScore and Clear.

“Gal has a wealth of experience and is very well-respected in the industry, so we are very pleased he has joined the MillTechFX board. With the cybersecurity threat growing globally, his strong track record in developing secure systems and platforms will be crucial in helping ensure our defenses remain as strong as possible. We look forward to working closely with Gal as we move to cut costs and streamline workflow for asset managers and corporate treasurers through our secure FX marketplace,” Eric Huttman, CEO of MillTechFX, commented on the latest appointment.

Cybersecurity

Hochberg has a strong grip on cybersecurity-related matters. He previously led cybersecurity advisory engagements with different global corporations. Additionally, Hochberg worked as a decorated officer in the Israeli Defense Force.

“MillTechFX is a true fintech in that it found a major problem, asset managers and corporate treasurers getting a bad deal in their FX Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term, and built a team with relevant experience and laser-focused, secure technology to tackle it. I have been very impressed by the platform and the team that Eric has built at MillTechFX. I look forward to helping the firm achieve its aim of creating a fairer FX market for all participants,” Hochberg said.

Furthermore, Hochberg founded GetPensia, a social impact company, to reduce the fees low-income savers in Israel pay for their pensions.