ceo, stocklab securities
He has more than 10 years of experience in the banking and finance industry, including as a consultant in the project to support the governance of the World Bank, also the director of the Finance Department at the State Bank, and Acting Head of the Department at the Ministry of Finance. Mr. Amarbat, Mr.Tsolmon, and Mr. Naranbat were not only friends who worked together in the Ministry of Finance of Mongolia, but also excellent competent stuffs.
Nowadays, they have successfully managed new start-up projects together and established “Stocklab Securities” LLC in 2021. Yo. Amarbat is not only the CEO but also a shareholder of Stocklab Securities” LLC
The Stocklab has joined Hipay app, leading comprehensive payment platform in Mongolia.
High Payment Solutions” LLC is a company that has received four major approvals from the Bank of Mongolia. Specifically, in 2018-2019, a data center connected to the Bank of Mongolia via fiber optic cable was established. On October 24, 2019, it received the “Card Acceptor” special license from the Bank of Mongolia, making it the only fintech company with this special license in addition to commercial banks. Also, in 2020, it was connected to the automatic clearing house system for low-value payments. In 2021, the Bank of Mongolia received a special license to issue electronic money. It became the only fintech company connected to the Bank of Mongolia via fiber optic cable.
“High Payment Solutions” LLC has undergone an offsite and onsite audit by “ROCK PTE” LTD located in Singapore, and has the advantage of meeting PCI DSS 3.2.1 or payment information security standards with 6 groups, 12 main principles, and more than 200 sub-requirements.
Naranbat, M. Tsolmon, and Y. Amarbat together made the first launch of their “Stocklab” application in January 2022, and achieved quite a success in the 31 years of the Mongolian stock market.
Moreover, users and clients from anywhere in the world can download the Hipay application and open an online securities broker account, which is the first in Mongolia. On the threshold of 2023, they introduced their child savings service.
About Company
“Stocklab Securities UCC” LLC received a special license from the Financial Regulatory Commission in 2021 and is contributing to the development of Mongolia’s capital market.
The team of the company, with high professional ethics, skills, and also based on advanced technology, the company has created the opportunity to buy all kinds of stocks and bonds traded on the Mongolian Stock Exchange with the lowest fees, with flexible payment terms, for its customers living abroad, in the capital Ulaanbaatar, and local customers. Customers can pay the service fee in installments. We are introducing services such as portfolio trading, child accounts, etc., which allow you to immediately participate in the trading of the Mongolian Stock Exchange with the help of the Fast-Fix program of the MIT system, as well as to create portfolios from your own securities and buy the portfolios created at a certain price every month.
