TL;DR:
- Okoora, an Israeli-Swiss startup, introduces the Automatic Business Currency Management (ABCM) platform.
- The platform helps businesses in Europe simplify their international banking operations.
- ABCM enables firms to manage foreign funds and conduct seamless global payments in over 100 currencies.
- Okoora’s AI platform assists businesses in planning, analyzing, and executing transactions, resulting in increased savings.
- The platform allows businesses to send and receive payments in any currency, to any destination, with real-time transaction tracking.
- Over 7,000 customers have already embraced Okoora’s ABCM platform, renewing their licenses for 2023.
Main AI News:
An innovative Israeli-Swiss startup has unveiled a cutting-edge AI platform poised to revolutionize international banking operations for businesses across Europe. Okoora, the brains behind the groundbreaking Automatic Business Currency Management (ABCM) platform, is introducing its game-changing solution in multiple European countries. With this platform, enterprises can effortlessly oversee their foreign funds and streamline global payments in over 100 different currencies.
Okoora’s AI-powered platform offers an array of invaluable features that empower businesses to plan, analyze, and execute transactions with remarkable efficiency, resulting in significant cost savings. Moreover, the platform allows firms to seamlessly send and receive payments in any currency, to any destination, while keeping a real-time track of their financial transactions. This level of comprehensive control is truly unmatched in the industry.
Having made its grand entrance in January 2022, Okoora has swiftly garnered an impressive clientele, boasting a remarkable customer base exceeding 7,000. Equally impressive is the fact that every single customer has renewed their ABCM licenses for 2023, a testament to the unrivaled satisfaction experienced through Okoora’s services. It’s clear that businesses are reaping the rewards of this groundbreaking platform.
At the helm of this extraordinary venture is Okoora’s CEO, Benjamin Avraham, who brings with him a wealth of experience as the founder of Israel’s foremost financial risk management company, Ofakim. Avraham explains that their advanced AI-driven risk management system continuously scrutinizes customers’ activities, unique characteristics, and the prevailing business environment. By harnessing this invaluable intelligence, Okoora provides tailored alerts and recommendations, resulting in substantial financial gains amounting to billions of shekels for Israeli businesses. Inspired by this resounding success, Okoora is now determined to expand its unmatched technological solution to organizations across Europe.
Avraham concludes, “We remain dedicated to making currency risk management accessible and seamless, empowering millions of businesses to thrive in the global marketplace.” With Okoora’s groundbreaking ABCM platform leading the charge, the future of international banking is looking brighter than ever. Businesses can now navigate the complex landscape of global finance with confidence, efficiency, and unrivaled ease, thanks to this transformative AI-driven solution.
Conclusion:
Okoora’s launch of the Automatic Business Currency Management (ABCM) platform signifies a significant development in the market. The introduction of this innovative AI solution offers European businesses a simplified and efficient way to handle international banking operations. With features such as seamless global payments, real-time transaction tracking, and cost-saving benefits, Okoora is poised to disrupt the market by providing unparalleled convenience and financial management capabilities. The impressive customer satisfaction and the expansion plans of Okoora indicate a strong demand for such advanced technological solutions in the financial industry. As businesses continue to navigate the complexities of the global marketplace, Okoora’s AI platform is set to empower them to thrive by mitigating currency risk and optimizing their financial strategies.
