TenureX

TenureX

Pioneering technology and enablement service provider for correspondent banking services.

HQ location
Tel Aviv-Yafo, Israel
Launch date
Employees
Enterprise value
$20—30m
Company register number
516231842
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TenureX is a pioneering startup in the transactional banking sector, aiming to revolutionize how financial decisions are made. The company operates in the vast and intricate market of cross-border banking relationships, providing a digital platform that ensures secure, transparent, and efficient interactions between banks, financial institutions, and their partners.

TenureX serves a diverse clientele, including financial institutions and correspondent banks. These clients benefit from TenureX's ability to deliver deep, rich, and verified data about each transaction, which helps them make informed decisions without taking unnecessary risks. The platform's standardized set of rules and comprehensive data verification process enable seamless connections and interactions, fostering sustainable and long-term banking relationships.

The business model of TenureX revolves around optimizing engagement between financial entities by offering superior reward versus risk management. This is achieved through what the company describes as a "digital X-Ray" view of each transaction, providing unparalleled transparency and insight. By leveraging this technology, TenureX helps its clients identify new banking partners, explore new currency corridors, and expand their transactional banking services while mitigating risks.

TenureX generates revenue by offering its platform as a service to financial institutions and correspondent banks. These clients pay for access to the platform's advanced features, which include the ability to test and deploy new banking relationships quickly, manage complex cross-border transactions, and protect their operations from potential risks.

In summary, TenureX is transforming the transactional banking landscape by providing a secure, cloud-based platform that enhances financial inclusion and engagement. The company empowers banks and financial institutions to build fruitful, long-term relationships, unlock new opportunities, and manage risks effectively.

Keywords: transactional banking, cross-border, financial inclusion, risk management, verified data, digital platform, banking relationships, financial institutions, correspondent banks, secure cloud.

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