Global Fintech Airwallex has reportedly announced the appointment of Nadav Tamam in order to spearhead its enterprise business focused on Israel and the Middle East region.
As reported by news outlets focused on Israel, Tamam has prior experience working at firms like Google as well as Flipkart, and even startups such as Dynamic Yield.
International payments Fintech Airwallex confirmed this past Sunday the recent appointment of Nadav Tamam in order to lead the firm’s enterprise-focused business in Israel and the Middle East area.
In this new role, he will aim to support the activities of businesses across Software-as-a-Service markets, online travel agencies, digital commerce, marketplaces, and fintechs so they can effectively enhance key processes and boost profit margins.
He is expected to further assist the firm with strategically expanding into fast-growing markets.
Or Liban, the Head of Israel / Middle East at Airwallex remarked:
“Today, every organization needs the ability to efficiently make and receive payments anywhere in the world, manage their expenses and workforce, without the operational burden involved, and create new revenue streams. Nadav will help us promote Airwallex’s cross-border payments and financial services platform among businesses in Israel and the Middle East, allowing them to benefit from the efficiency, convenience, and financial flexibility offered by our range of global products and services.”
As covered, Airwallex shared data on the impact of a new generative AI tool that enhances the speed and efficacy of its “Know your Customer” (KYC) and onboarding processes.
The new tool reduces ‘false positives’ by 50 percent “on average, while boosting the number of customers that pass through the onboarding process without human intervention by 20 percent.”
Jacob Dai, co-founder and chief technology officer at Airwallex, said:
“With generative AI, we’re honing our KYC tools to be much more accurate and context-aware. We’re making it faster and easier for our customers to get up and running with Airwallex – often within minutes – while enhancing our ability to detect and prevent fraud on our platform. These enhancements translate directly to our customers – they can unlock the value of our platform more readily and accelerate their own global growth.”
The tool is attuned to nuances and sensitivities of various languages and cultures, a key feature for a company as globally distributed as Airwallex.