FatBrain launches Angelina FX service to make FX pricing more transparent
No more. Angelina is the first and only AI-powered FX service that tackles discriminatory pricing in the $6.6 trillion daily forex market.
Within minutes, any business in the world, including millions of users QuickBooks can get free Currency Fair Value Reportwhich automatically provides:
(i) Custom transaction analysis to identify currency cycles and savings opportunities;
(ii) Benchmarking with peers and key recommendations to minimize currency risk; and
(iii) Coached and actionable intelligence for immediate and future cost savings and business performance improvements.
“With Angelina, any business impacted by global trade and international payments can unlock foreign exchange savings to boost their bottom line,” said Peter B. Ritz, co-founder and CEO of FatBrain. “As part of FatBrain’s mission, Angelina maximizes transparency and minimizes price discrimination in the daily multi-trillion dollar foreign exchange market, which is especially unfair to startups and small and medium-sized enterprises (SMEs) – same companies that drive the global economy and create more than 50% of the world’s jobs.”
Most companies, especially those without a dedicated currency department or currency experts, are unaware that they are paying up to 25 times more in transaction fees when using banks to fund foreign currency debts. Additionally, many businesses are unable to align their payment cycles with periodic currency fluctuations, making it difficult to anticipate favorable and unfavorable timing for payments or orders. Banks take advantage of this lack of information and use expensive exchange rates for around 90% of customers.
Angelina eliminates discriminatory pricing by providing a fair FX alternative to any business worldwide through a user-friendly automated service backed by coaching from FX experts. Angelina is offered by FatBrain in partnership with Monex UNITED STATESone of the largest currency providers in the world with a team of over 2,000 currency experts.
“Monex is a global leader in foreign exchange, enabling tens of thousands of companies, many of them Fortune 500, to account for fair value and benefit from award-winning expertise,” said Juan Pablo “JP” Carriedo. , CEO of Monex. UNITED STATES and global leader in digital transformation, Monex SAB (BMV: MX). “We are excited to work with FatBrain to use AI technologies to bring more fairness and transparency to the marketplace.”
The FatBrain AI Outcomes™ decision engine – Angelina’s underlying technology – has already proven itself in the largest companies and the highest academic levels. Mathematical and advanced FX modeling is led by Dr. Rajarshi Daschief scientific officer (CSO) of FatBrain and former head of AI/ML at IBM Research, the Los Alamos National Lab, and the Sante Fe Institute, and Dr. Wei Ouyangmanaging director of FatBrain and managing director for FX, AML and valuations, former managing director, global risk analysis and valuation for Bank of America, Deutsche Bank and Barclays.
“The first generation of AI addressed the needs of the largest enterprises and government agencies. The second generation – AI 2.0 – pioneered by FatBrain uses advances in peer dynamics technology to automatically learn patterns from user behavior , allowing us to deliver coached and personalized AI solutions at massive scale,” said Dr. Das. “We can now truly level the playing field for small businesses engaged in international trade.”
“I experienced the power of FatBrain AI solutions first-hand on several complex problems while leading a team of 40 people at Bank of America,” said Dr. Ouyang. “This transformative technology is now available to SMBs who are able to realize real cost savings and better business results.”
About FatBrain AI (LZG International, Inc.):
FatBrain AI (LZG International, Inc.; OTC: LZGI) delivers powerful, easy-to-use AI to the middle market so companies that drive the global economy can save money, seize opportunities, and do better business. FatBrain’s innovative solutions transform continuous learning, narrative reasoning, cloud and blockchain technologies into auditable, explainable and easy-to-integrate products. FatBrain’s subscription model allows all businesses to deploy its advanced AI solutions quickly and easily, using them securely on-premises behind their firewalls or via the cloud.
For more information, please visit: https://www.fatbrain.ai
About Monex UNITED STATES
Formerly known as Tempus, Monex UNITED STATES has been providing corporate clients with industry-leading foreign exchange, risk management and international payment solutions for over 23 years. Based at washington d.c.My ex UNITED STATES possesses New York and Beverly Hills offices. As a member of the global Monex financial group, the company operates a combined annual foreign exchange volume of over $247 billion and 2,800 employees to help more than 70,000 clients from a wide range of industries successfully navigate the global currency markets. With nearly four decades of experience, Monex is one of the largest commercial currency providers in the world, with a presence in Mexicothe UK, Spain, Canada, Holland, Singapore, Luxemburgand United States.
For more information, please visit: https://www.monexusa.com
Contact for Monex UNITED STATES: