FinTech company Deaglo has announced that its foreign exchange (FX) platform is now available as a white-label solution for financial institutions. This AI-powered platform integrates real-time data to optimize FX risk management and hedging strategies, enhancing decision-making and reducing costs.
According to CEO Ashley Groves, the platform was developed to address inefficiencies in how financial institutions manage and present FX products. By leveraging AI and advanced analytics, Deaglo aims to streamline processes and remove friction in the sales cycle.
The platform offers key benefits across multiple departments:
- Sales teams gain access to data-driven tools that simplify hedging strategies, improving client engagement and accelerating the sales process.
- Account managers benefit from automated workflows that reduce manual processes and streamline the FX hedging lifecycle.
- Credit teams can utilize predictive analytics and margin simulations for more confident risk assessments.
- Compliance teams receive a centralized database to ensure regulatory adherence and speed up client onboarding.
Traditional FX hedging is often cumbersome, requiring input from multiple stakeholders and relying on outdated tools like spreadsheets and fragmented systems. Deaglo’s AI-driven platform eliminates these bottlenecks by offering real-time, user-friendly solutions, including Strategy Simulators, FX Options Builders, and Exposure Management tools.
Looking ahead, Deaglo is set to launch its Insight Hub in Q1 2025. This AI-powered tool will integrate machine learning and large language models to revolutionize FX reporting. Features like AI-Generated Currency Reports will save FX teams hours of work, providing real-time insights and improving client communication and retention.
With its commitment to innovation, Deaglo continues to transform FX risk management, offering financial institutions cutting-edge tools to enhance efficiency and decision-making.
Read more on the Associated Press.
