problem which is global in nature and their ability to develop solutions that can be replicated globally by using data analytics, artificial intelligence and other disruptive technologies has made us to invest in this unique concept. Myforexeye has also outlined an ambitious growth plan with an aim to onboard 5,000 B2B and 2 lakh B2C clients by 2020. Services include transaction process outsourcing, market risk advisory, retail forex, structured trade finance, currency future broking, treasury manpower placement, and corporate training. Globally, the company focuses on coal and iron ore trading, mining and carbon asset management. World class apps loaded with unique features like currency alerts, online risk management, research reports, real time updates, rate checks and audits will help customers in instant transactions at a reduced cost. Next Gen Forex Market: Disruptive technologies like Artificial Intelligence (AI machine learning, block chain, cloud etc will totally transform the way people interact with foreign exchange market. Forex on the move: With the advent of new smartphone technologies, on-the-go transactions will be high on demand.
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The transaction is expected to help the companys private equity backers earn a decent return on their investment. From traditional algorithm based systems the sector will move to advance techniques creating efficient systems and processes that will automatically learn, predict and modify to make the functionality seamless and impactful for customers. We will be investing in other potential fintech avenues in India but will exclusively support MyForexye in the forex domain, Hemanth Gullapalli, director, InRhythm Energy Ltd, said. This monopoly resulted in conventional methods of dealing in forex transactions and encouraged hidden costs, complex processes and overcharged fees. The Foreign Exchange market or Forex is a global decentralized market where currencies from across the globe trade. In April this year. Ecosystem to become more robust and tech enabled: This coming year will also witness the elevated level of a robust and advance forex ecosystem equipped with modern practices, fast track solutions and superior level of customer services. Delhi-based Myforexeye Fintech Pvt. With new disruptive technologies and entry of more enablers in this sector, a lot of customer desires and dreams were fulfilled. Riding on these tech enabled platforms, business communities earned better profit margins, medical tourists in need of immediate attention were able to experience hassle free transactions, business or leisure travellers spent more on new experiences than transaction fees and students with their dreams to study. The forex ecosystem will become more efficient, reliable and secure with this tech disruption. Founded in 2014 by Anand Tandon, Myforexeye offers forex services to small and medium enterprises, business-to-business (B2B) and business-to-consumer (B2C) entities.