Tradom Partners with Sanin Godo Bank for Forex Solutions
Tradom Inc., a fintech company headquartered in Chiyoda, Tokyo, has recently signed a business matching agreement with Sanin Godo Bank, located in Matsue, Shimane Prefecture. This collaboration aims to enhance forex risk management among businesses served by the bank, introducing them to Tradom's AI-driven forex risk management system, known as the 'Tradom Forex Solution.'
Supporting Local Economic Growth
The current forex market is characterized by rapid fluctuations in the yen's value, which are becoming increasingly critical for regional companies engaged in import and export activities. Sanin Godo Bank operates in the Sanin area and other regions like Sanyo and Hyogo-Osaka, where numerous small and medium-sized enterprises play a pivotal role in the local economy. However, many of these companies struggle to manage forex risks due to a lack of dedicated personnel and resources.
To address this challenge, Tradom seeks to promote the usage of its AI forex risk management system among local enterprises. This initiative aims to create an environment where advanced forex risk management can be achieved without the need for specialized knowledge.
Additionally, after receiving investment from Sanin Godo Bank's venture capital arm, 'Gogin Capital,' during a Series A funding round in November 2024, the relationship between the two entities has strengthened, paving the way for this recent collaboration.
Future Outlook
Following this agreement, Tradom and Sanin Godo Bank plan to further deepen their partnership in supporting forex risk mitigation for local enterprises, particularly those in the Chugoku and Kinki regions. The companies envision broadening their cooperation by providing effective solutions to bolster the sustainable development and management foundations of local businesses.
About Tradom Inc.
Tradom Inc. specializes in developing and providing the 'Tradom Forex Solution,' a system aimed at effectively controlling forex risk, which is a significant challenge for global businesses. The company amalgamates traditional financial engineering with advanced mathematical models, AI, and data science to facilitate the needs of enterprises challenging the global market and contribute to the growth of the fintech sector.
- - Company Name: Tradom Inc.
- - Headquarters: 4th Floor, Otemachi Building, 1-6-1 Otemachi, Chiyoda, Tokyo, 100-0004, Japan
- - Capital: 533,694,766 JPY
- - Established: January 2015
- - Key Personnel: President and CEO Shinichiro Urashima, Co-CEO Nobuichi Sakane
- - Business Focus: Development and operation of the AI forex risk management system 'Tradom Forex Solution'; development of foreign exchange information services 'Tradom for BANKs'; management of the 'Tradom Academy' for forex information dissemination.
- - Website: Tradom
- - Registration Number: Financial Instruments Business Operator Kanto Finance Bureau Director No. 3329
- - Affiliations: Japan Investment Advisers Association.