Tradom Launches 'Tradom for BANKs' for Chiba Kogyo Bank to Support Foreign Exchange Transaction Expansion

Tradom Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President and CEO: Shinichiro Urashima; Director: Shinichi Sakane, hereinafter referred to as "our company") is pleased to announce the implementation of 'Tradom for BANKs', a data provision and sales promotion tool for the market and foreign exchange sales departments of financial institutions, at the Foreign Exchange Sales Department of Chiba Kogyo Bank, Ltd. (Headquarters: Chiba City, Chiba Prefecture; President and CEO: Hitoshi Umeta, hereinafter referred to as "Chiba Kogyo Bank").

◼️ Service Overview

'Tradom for BANKs' is a foreign exchange information and operational efficiency platform that supports both the foreign exchange sales and market departments of financial institutions.

For market departments, it digitizes tasks such as responding to inquiries about market trends and creating market research reports, thereby reducing operational workload and allowing staff to focus on higher value-added activities.

For foreign exchange sales departments, it utilizes AI-driven latest FX insights to automatically generate proposal materials such as market reports and talk scripts, enhancing customer proposal capabilities and response speed. Through these functions, the service aims to expand opportunities for foreign exchange transaction proposals within financial institutions and support the growth of foreign exchange transactions.

◼️ Background of 'Tradom for BANKs' Implementation

In recent years, the foreign exchange market has been characterized by a complex interplay of various factors, including the monetary policies of different countries and international affairs, making future outlooks difficult to predict. As currency fluctuations directly impact corporate earnings, the importance of foreign exchange risk management has become increasingly critical.

Amidst this environment, companies dealing in foreign currencies are showing heightened interest in currency trends and future outlooks, leading to an increasing need to appropriately understand and address risks. Consequently, financial institutions are expected to provide clear and continuous foreign exchange information and support in a practical format. However, foreign exchange-related information is updated frequently and influenced by diverse factors, making it challenging to organize and utilize effectively in sales operations.

To address these challenges, Chiba Kogyo Bank has implemented 'Tradom for BANKs' as part of an initiative to establish a foundation for sharing foreign exchange information in the sales field and to systematically enhance the quality of foreign exchange proposals.

◼️ Future Outlook

Moving forward, through the provision of 'Tradom for BANKs', our company will support Chiba Kogyo Bank in sharing and utilizing foreign exchange information in its sales operations, contributing to the establishment of an organizational and reproducible foreign exchange proposal system that does not depend on individual experience or expertise.

Furthermore, by enhancing the provision of information regarding FX trend analysis and outlooks, we will support Chiba Kogyo Bank's client companies in making more accurate and timely decisions, while also bolstering the bank's proposal capabilities for risk hedging.

This will contribute to improving the added value of Chiba Kogyo Bank's foreign exchange services and enhancing the foreign exchange risk management of its client companies, thereby supporting efforts to further expand foreign exchange transactions.

About Tradom Co., Ltd.

Our company is a fintech enterprise that develops and provides the "Tradom FX Solution" system, designed to appropriately control foreign exchange risk, one of the major challenges in global business. We offer financial products based on traditional financial engineering, combined with data science and finance, including advanced mathematical models and AI...