#Japan #Chiyoda #Tradom #Chiba Kogyo Bank #Forex Solution

TRADOM Expands Foreign Exchange Trading Support

In a significant development for the financial services sector, TRADOM Inc., headquartered in Chiyoda, Tokyo, has officially launched its innovative platform, 'TRADOM for BANKs,' in collaboration with Chiba Kogyo Bank. This new tool is designed specifically for the foreign exchange (forex) sales and market departments of financial institutions, aiming to streamline operations and enhance efficiency in forex trading.

Overview of 'TRADOM for BANKs'

[]('TRADOM for BANKs') stands as a comprehensive platform aimed at providing crucial forex information and improving operational workflows for both forex sales and market departments. The platform allows the market department to digitize tasks such as responding to market inquiries and preparing market reports. This digital transformation not only minimizes labor costs but also enables professionals to concentrate on more value-added activities.

Meanwhile, the sales departments benefit from AI-powered insights into the latest forex trends, allowing them to automatically generate marketing materials such as market reports and sales scripts. This enhancement significantly boosts the presentation capabilities and responsiveness of the sales teams, creating greater opportunities for foreign exchange trading.

The Need for 'TRADOM for BANKs'

Recent years have seen the forex market become increasingly complex, influenced by various factors including national monetary policies and international affairs. As currency fluctuations directly impact corporate profits, the necessity for effective currency risk management has never been clearer.

As a result, companies that handle foreign currencies have heightened their interest in forex trends and forecasts. They seek ways to better understand and mitigate risks associated with currency movements. This growing demand from the market requires financial institutions to provide clear and continuous forex information that can be practically applied in real-time. However, due to the frequent updates and numerous variables affecting forex information, it is often challenging for sales teams to sort and utilize this data effectively.

To address these hurdles, 'TRADOM for BANKs' has been integrated into Chiba Kogyo Bank as part of efforts to systematize the sharing of forex information at the operational level, thereby enhancing the quality of forex proposals within the organization.

Future Prospects

Looking ahead, TRADOM aims to support the shared use and effective application of forex information at Chiba Kogyo Bank through the deployment of 'TRADOM for BANKs.' The goal is to establish a replicable forex proposal system that does not rely solely on individual experience and knowledge, but rather employs a more systematic approach.

Furthermore, by improving the delivery of analyses and forecasts regarding forex trends, TRADOM will assist Chiba Kogyo Bank in providing timely and accurate decision-making support to its corporate clients. This enhancement will not only augment the bank's capabilities in risk hedging but also strengthen its overall forex service offerings.

These initiatives aim to elevate the value of forex services at Chiba Kogyo Bank while contributing to the enhanced management of forex risk for its clients, ultimately fostering further growth in foreign exchange trading.

About TRADOM Inc.

TRADOM Inc. is a fintech company focused on developing and providing solutions to effectively manage currency risks, a major challenge in global business operations. By combining traditional financial engineering with advanced mathematical models and AI, TRADOM delivers innovative 'Forex Tech' solutions, supporting businesses on their global ventures and contributing to the development of the fintech industry.

Company Information:

• - Name: TRADOM Inc.
• - Headquarters: 1-6-1 Otemachi, Chiyoda, Tokyo, Japan
• - Capital: ¥533,694,766
• - Founded: January 2015
• - CEO: Shinichiro Urashima
• - Business Activities: Development and operation of AI-based currency risk management systems, forex information solutions, and operation of Forex Community 'TRADOM Academy'.
• - Website: TRADOM
• - Registration Number: Kanto Finance Bureau Director (Financial Instruments Firm) No. 3329
• - Affiliation: Japan Investment Advisers Association
• - ISMS Certification: ISO/IEC 27001:2022
• - Certification Achieved: AWS Foundational Technical Review (FTR)