Pritesh Ruparel

ALT21 joins Temenos Exchange

May 2024 in News Headlines

ALT21 has announced that its flagship solution for banks, BankHedgeTM, is now integrated with the Temenos banking platform and available for banks globally on the Temenos Exchange ecosystem of partner solutions. BankHedge will enable Temenos banking clients to fully automate their entire FX hedging process including the automation of settlements, to create seamless multi-currency management experiences, embedded when and where SMEs need it, via a simple self-service interface that’s accessible 24/7.

Pritesh Ruparel, CEO at ALT21, said: “At ALT21, we’re on a mission to use technology to make financial services more accessible, transparent and affordable to businesses worldwide. We’re bent on providing a highly-automated service that cuts cost and complexity in a critically important area – protecting small businesses against high currency exchange fees and cross-currency fluctuations. With the biggest majority of small businesses still operating solely in the banking ecosystem, our collaboration with Temenos is highly strategic step in our mission to become the hedging solutions partner of choice to banks in +150 countries running on the Temenos platform.”