A groundbreaking approach to cross-border payments has emerged with the introduction of Neema’s Dynamic Routing system. This innovation aims to redefine how financial transactions are managed across international borders by enhancing efficiency and reducing costs. By leveraging advanced technology, Neema offers a solution that analyzes various parameters in real-time to determine the optimal pathway for each transaction.
The traditional reliance on the SWIFT network for international bank transfers has long been criticized for its inefficiencies. Slow processing times, high fees, and frequent errors have prompted the need for an alternative solution. Neema addresses these challenges by creating multiple dynamic routes instead of depending on a single channel. Every transaction undergoes immediate evaluation based on criteria such as exchange rates, transfer speed, and reliability, ensuring the most effective route is selected. Moreover, subsequent transactions between the same countries may take different optimized paths depending on current conditions, offering flexibility and adaptability.
Moshe Kimhi, CEO of Neema, emphasizes the company's commitment to resolving real-world problems faced by businesses engaged in international fund transfers. With Dynamic Routing, Neema not only accelerates payment processes but also makes them more cost-effective and dependable. The development of a real-time global payment network through their API further strengthens this mission, providing a seamless experience akin to domestic transactions across numerous countries and currencies. This advancement empowers businesses to thrive in the ever-evolving global economic landscape, fostering growth and operational efficiency.