Neema Launches Dynamic Routing® to Optimize Cross-Border Payments Globally
Neema, a global cross-border payments network for financial institutions, has launched Dynamic Routing®, an innovative technology that enhances transaction success rates and cost efficiency. With coverage across 120+ countries and support for local payment methods and currencies, Neema aims to build a globally connected financial ecosystem.
Challenges with Traditional Cross-Border Payments
- Most international bank transfers rely on the SWIFT network, in operation since the 1970s.
- SWIFT’s outdated protocol results in costly, slow transactions prone to delays and lost transfers.
- Transfers use a single route through correspondent banks, increasing fees and settlement times.
- Lack of transparency persists throughout the transaction process.
How Dynamic Routing® Works
- Creates multiple real-time routes between countries instead of relying on a single pathway.
- Each transaction is instantly analyzed for factors like exchange rates, speed, and reliability.
- Dynamically selects the optimal route for each payment, even between the same countries.
- Offers a personalized, optimized transfer experience for every transaction.
Additional Features and Benefits
- AI-driven security infrastructure enhances visibility and addresses potential technical vulnerabilities.
- Provides robust quality assurance through extensive international network coverage.
- Improves speed, cost-effectiveness, and reliability of global payments.
Executive Insight
- Moshe Kimhi, CEO of Neema:
Emphasizes the mission to solve real-world cross-border payment challenges by delivering faster, cheaper, and more reliable international transfers.
Dynamic Routing® empowers businesses to expand and operate efficiently within the global economy.
Neema’s Dynamic Routing® marks a major step forward in cross-border payment technology, offering financial institutions a smarter, more efficient, and transparent way to move money internationally while addressing the limitations of traditional networks.
