With the timetable of somewhat interesting after the almost recent knife of the former Argetex company, the former CEO of Argetex Harry Adams (depicted in Top Middle) announced the launch of his latest FX business, named Tenora.
Tenora (on the Tenora.io) website, based in London, plans to help businesses manage the risk of currency (FX), reduce secret expenses and improve visibility between world payments and compensation strategies. The founders say Tenora was created to challenge the outdated FX services that do not have transparency and accountability. Tenora brings advanced analyzes, smart automation and AI tools to provide more smarter, more effective FX risk management solutions and CFOs, funding teams and Treasury professionals to receive real control of their currency exposure.
Tenora will be run by CEO Harry Adams, as noted above (2012-2023) of Argetex, a company he founded. Other founders of Tenora include CTO Nick Corlett (top left) of New Zealand, former CTO of FX Risk Management Software, and Sydney Product Chief Tom Alexander (top right), former Equip.
Harry published the following note today on social media on the start of Tenora.
We are excited to announce the release of Tenora, a first manual set to reshape FX risk management for world businesses.
Tenora brings cutting -edge technology and transparency to a traditionally opaque market, questioning outdated practices and redefining industrial standards for the benefit of businesses, institutions and their counterparties.
Our first product is the free-use hedge analyst-a powerful tool that provides in real time and historical knowledge, allowing businesses to:
– Reveal the hidden cost of compensating with transparency in counterparty profits in every trade
– Evaluate the possible effects from FX movements
-Calize cost costs for the value of compensation
And that’s just the beginning. We will release a complete suite of products designed to strengthen businesses with clear, active knowledge, helping them make smarter financial decisions in a dynamic world market.
Together, we have the opportunity to reshape an industry – and once we start.