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Location: Home / Technology / FatBrain Launches Angelina FX Service to Make Foreign Exchange Pricing More Transparent

FatBrain Launches Angelina FX Service to Make Foreign Exchange Pricing More Transparent

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Angelina empowers businesses to quickly and easily unlock foreign exchange savings through actionable intelligence and expert coaching

 FatBrain Launches Angelina FX Service to Make Foreign Exchange Pricing More Transparent

NEW YORK , May 18, 2022 /PRNewswire/ -- FatBrain AI (LZG International, Inc.; OTC: LZGI), the pioneer in powerful, easy-to-use artificial intelligence (AI) solutions for entrepreneurs and mid-market businesses, today announced the launch of Angelina (https://monex.fatbrainfx.com/). The free online app allows businesses engaging in global trade and international payments to instantly identify and unlock foreign exchange (FX) savings.

FX is artificially and unnecessarily expensive for small to mid-sized businesses. According to an International Monetary Fund report, banks charge up to 25 times more in transaction costs than market FX rates, impacting the bottom lines of roughly 90% of businesses that engage in global commerce or deal in international payments. Much of this FX price discrimination is hidden, buried in opaque bank statements.