Company Overview
Snapshot
Founded in May 1980, Inbal Data Processing operates with 1–10 employees. The company specializes in commercial accounting software for currency exchange, notably with its flagship product, ChangeMat, which received the first Bank of Israel license for currency exchange in 1995.
Business overview
Inbal Data Processing develops and supports commercial accounting software tailored for currency exchange and money sales operations. Its core product, ChangeMat, is a widely adopted platform for money exchange dealers across Israel. The company serves the financial services sector, specifically targeting accounting and financial operations within the Fintech & Insurtech industry, and also caters to enterprise, professional services, and government entities.
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- What is Inbal Data Processing's primary product?
- Inbal Data Processing's primary product is ChangeMat, an established commercial accounting software platform designed for currency exchange and money sales dealers.
- When was Inbal Data Processing founded?
- Inbal Data Processing was founded in May 1980.
- What is the key historical milestone for ChangeMat?
- ChangeMat received the first Bank of Israel license for currency exchange in 1995, establishing it as a foundational platform in the Israeli market.
- Which markets does Inbal Data Processing primarily serve?
- Inbal Data Processing primarily serves the Israeli market, with its ChangeMat software widely used by money exchange dealers across the country.
- What regulatory updates has ChangeMat incorporated?
- Since its introduction, ChangeMat has been updated to include support for the Tax Authority and Money Laundering Prohibition Authority, ensuring compliance with evolving financial regulations.