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TRADOM Launches Innovative Forex Solutions for Financial Institutions

TRADOM Inc., headquartered in Chiyoda, Tokyo, has taken a significant step in foreign exchange (forex) technology with the introduction of its new solution, TRADOM for BANKs. This groundbreaking offering aims to assist financial institutions, including banks and securities companies, in enhancing their forex corporate sales through digital transformation (DX).

The TRADOM for BANKs service is designed to empower all sales representatives within financial institutions, enabling them to regularly make forex proposals without needing to rely solely on specialized departments. By leveraging AI, this solution visualizes the factors affecting currency fluctuations and forecasts potential future changes, thus maximizing forex trading opportunities while alleviating the operational burden experienced by on-ground staff.

Elevating Forex Tech

In today’s business environment, the corporate sales divisions of financial institutions are pressured to bolster their proposal capabilities, especially as they juggle core functions like loans and deposits alongside the complexities of the forex market. Unfortunately, the diverse factors influencing currency movements often leave sales teams struggling to keep pace due to limited resources.

Many financial institutions operate with constrained specialized departments or market research units focused on forex, resulting in inconsistent quality and quantity of forex information available to sales personnel. Addressing this issue necessitates a commitment to standardizing information access and facilitating better understanding among sales teams. TRADOM for BANKs aims to combat these challenges by providing advanced analysis of forex market fluctuations driven by AI. It offers customizable, easy-to-understand information tailored to the needs of sales teams. This change creates an environment where everyone can seamlessly leverage high-quality forex information, significantly expanding forex transaction volume and strengthening trust with clients, ultimately reshaping the sales experience.

Overview of the Service

TRADOM for BANKs comes equipped with an array of features tailored for financial institutions:

Forex Fluctuation Analysis

With the capacity of 62,000 AI models analyzing over 400 economic indicators, TRADOM delivers insights into the factors driving forex market trends. It can automatically identify and output key influences impacting the currency exchange environment. Even those without specialized knowledge can accurately understand market dynamics daily, enabling them to leverage insights in dialogues with corporations. Currently, this analysis includes comprehensive insights on 14 currency pairs, including major pairs like the USD/JPY and EUR/JPY.

Customizable Reports

This feature allows sales representatives to generate tailored forex reports in a streamlined manner. For instance, they can easily create materials that address specific needs—such as explanations of yen depreciation risks for export businesses or succinct summaries of economic indicators for executive levels. With just a click, representatives can output reports that integrate market forecasts and factor analyses, making it possible to deliver precise forex proposals even within tight timeframes, thereby enhancing overall sales capabilities.

Building Forex Information Infrastructure and Future Prospects

Operating under the mission “Providing infrastructure to compete globally for every business,” TRADOM has previously supplied the TRADOM Forex Solutions aimed at managing forex risk for corporate clients. The launch of TRADOM for BANKs marks a new initiative that utilizes existing expertise and technologies to address an essential channel—the role of delivering forex solutions to financial entities.

Currently, collaboration discussions are underway with various financial institutions, including major banks and securities companies across the nation. Moving forward, TRADOM aims to broaden its reach, extending its services to an even greater number of financial entities.

Company Background

TRADOM Inc., previously known as Gifit Inc., specializes in the development and provision of systems that effectively manage forex risk—a major challenge for global businesses. By blending traditional financial engineering with advanced data science and AI, TRADOM aims to contribute to the growth of companies venturing into international markets and facilitate the advancement of the fintech industry.

• - Company Name: TRADOM Inc.
• - Headquarters: 4th Floor, Otemachi Building, 1-6-1 Otemachi, Chiyoda, Tokyo 100-0004
• - Foundation Date: January 2015
• - Key Executives: Shinichiro Urashima (CEO), Shinichi Sakane
• - Core Services: Development and operation of the AI Forex Risk Management System, operation of the Forex Community “TRADOM Academy”
• - Website: TRADOM Homepage
• - Financial Instruments Business Operator License: Kanto Local Finance Bureau License No. 3329
• - Membership Organizations: Japan Investment Advisers Association