back Back

IBS Intelligence names okoora as winner of 2024 Digital Banking Award for Forex Management

By Delisha Fernandes

May 10, 2024

  • Advisory Firm
  • Digital Banking Award
  • fintech MENA
Share

IBS Intelligence, okoora, Digital Banking Award, Forex ManagementSwiss-Israeli FinTech startup okoora has been named as the winner of the 2024 Digital Banking Award in the Forex Management category by IBS Intelligence, a leading global financial technology research, news analysis, and advisory firm.

A ceremony announcing all the 2024 Digital Banking Award winners was held last month in Bengaluru, India. The fourth edition of the Digital Banking Awards by IBS Intelligence evaluated over 60 technology projects across multiple geographies.

“The Digital Banking Awards epitomize the transformative shift in banking, celebrating both digital pioneers and traditional institutions for their adaptability and innovation,” said Nikhil Gokhale, Director of Research and Digital Properties at IBS Intelligence. “IBS Intelligence recognized this year okoora’s excellence in Forex Management, with their innovative ABCM platform and commitment to empowering businesses of all sizes with effective currency risk management solutions.”

“We are honored to be recognized by IBS Intelligence as the winner of the 2024 Digital Banking Award for Forex Management,” said Benjamin Avraham, CEO and founder of okoora. “This is further validation of okoora’s innovative, AI-based approach to assisting companies of all sizes with their currency management operations. This award is a testament to our team’s dedication and commitment to delivering solutions that empower our clients.”

Okoora, which has already gained 15,000 registered clients, is the creator of the Automated Business Currency Management (ABCM™) integrated cloud platform that manages global payments, transactional banking, and currency risk management. Okoora is also the first company in the world to offer an API in the field of currency risk management.

Okoora has taken significant strides toward expanding into new markets over the past year, particularly in Europe. At the end of last year, it opened a new branch in Limassol, Cyprus. The company plans to launch a new office in another European country in the beginning of the second half of the year. This move is part of a longer-term plan to serve the millions of businesses, especially small and medium-size enterprises, operating within the EU.

Previous Article

May 10, 2024

Validata, Temenos expand partnership to enhance bank reconciliation

Read More
Next Article

May 10, 2024

BillEase & Asia United Bank launch QRPh Integration in Philippines

Read More






IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

Advisory Firm

By 2034, the digital remittance market is expected to reach $83.2bn, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Moroccan HPS acquires Ireland’s CR2 to bolster global expansion

Read More

Today

Newgen Software onboards Finastra to expand market reach

Read More

May 23, 2024

myTU launches Payouts API for businesses

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023