TenureX recognized as world-leading fintech in latest Aite Group Spotlight report
Israeli startup heralded for its unique “correspondent-banking-in-a-box” service
TEL AVIV, Israel, 27 July 2022 /PRNewswire/ — TenureXthe Israeli startup fixing the broken correspondent banking industry has been recognized as one of the world’s leading fintechs by the influential market intelligence firm Aite-Novarica Group.
TenureX is changing the face of correspondent banking with a new, platform-based approach that provides “correspondent banking in a box”. The company’s cloud-based digital platform consists of a set of innovative solutions that embed end-to-end payment data and compliance rules into every transaction. The TenureX platform makes it easy for any financial institution to expand its correspondent relationships, expand into new markets, roll out international settlements and implement new payment streams – quickly, cost-effectively and compliantly.
Now TenureX has been featured in Aite Group’s latest Commercial Banking Fintech Spotlight: Q2 2022, which examines providers who are revolutionizing the financial services industry through “as-a-Service” platforms. Recognizing the need for new commercial banking capabilities, the report examines five global fintechs that are leveraging automation to improve efficiency, FI-to-FI relationships and customer experience.
In response to the report, TenureX co-founder and COO or Kapelinskysaid, “For TenureX to be included in such an influential report is a fantastic reward for the team’s hard work, but it is equally important for the correspondent banking industry itself. When we founded TenureX in 2020, we had a simple mission: to fix an industry in decline by sweeping away legacy technology that did not provide transparency and visibility into cross-border payments, preventing financial institutions from accessing the data they need to make intelligent, strategic and compliant decisions.
“We are pleased that Aite Group has identified our unique approach to these challenges through our Correspondent Banking as a Service (“Correspondent Banking in a box”), while recognizing that our core product – DTC(™) (Digital Transaction Certificate) ) – brings unique technology and innovation to this market. The report is required reading for any financial institution looking to strengthen its relationships with other banks and financial institutions, revolutionize cross-border payments and eliminate costs and complexity for compliance teams.”
The full report is available for purchase here:
About TenureX
TenureX was founded in 2020 by four banking experts with a wide range of industry experience. They know firsthand the frustrations and lost opportunities that non-bank financial institutions face when they struggle to collaborate, and are passionate about making things easier for everyone in correspondent banking.
The TenureX vision is to democratize correspondent banking by moving away from subjective, rigid, bilateral relationship banking. Instead, the company builds objective, streamlined, multilateral, transaction-based relationships.
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About Aite Group Fintech Spotlight
The Aite-Novarica Fintech Spotlight is a quarterly series of reports looking at selected new fintech providers active in the financial services industry. With the vendor landscape increasingly crowded and banks and their customers facing an increasing range of choices, the spotlight series aims to provide insight into interesting vendors that offer a strong unique selling point and innovative approach from a partnership or competitor perspective.
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For more information:
Izhar Arieli – CEO and co-founder
Telephone
+ 972 (0) – 73 – 326-0303 (ISR)
+1- 605 – 836-8739 (USA)
Email: [email protected]
SOURCE TenureX
