FIS is partnering with Cashforce to bring best-of-breed cash forecasting abilities to its FIS Treasury and Risk Manager system.
The new FIS Cash Forecasting with Cashforce product will feed forecast data into both the 'Integrity' Saas version of Treasury and Risk Manager and the 'Quantum' on-premise solution.
Treasury Dragons is to publish its first annual Treasury Technology Guide, analysing the current and future needs of corporate treasurers and providing a 'state of the market' index of technology providers.
The guide will offer a single source of information for users, buyers and specifiers of best-of-breed treasury technology, and an invaluable reference point for solution providers looking to position themselves in an increasingly complex market.
At the heart of the guide will be a comprehensive survey of more than 200 corporate treasury departments, backed up by in-depth interviews with selected treasurers to get to the heart of their technology requirements.
Two of the most prominent names in best-of-breed treasury technology are to merge as Nomentia acquires TIPCO for an undisclosed sum. The move comes less than a year after Nomentia itself was created by the merger of OpusCapita and Analyste.
The TIPCO acquisition gives Nomentia greater access to new markets outside its Nordic stronghold, adding more than 130 clients, many of them in DACH, Benelux and adjacent areas. It also brings with it new capabilities in areas such as FX Risk and trade finance to add to its traditional strengths in cash management.
“Nomentia and TIPCO both share the same mission,”said Jukka Sallinen, CEO of Nomentia. ``We believe that acquiring TIPCO Treasury & Technology enhances our ability to expand into new territories. In addition, this transaction aims to strengthen Nomentia’s solutions and product portfolio.”
After the acquisition, which is still subject to regulatory approval, Nomentia will have almost 200 employees with locations in Finland, Austria, Germany, Netherlands, Sweden, and Poland. The combined group will have over 2,000 customers in more than 80 countries.
This is unlikely to be the last acquisition by Nomentia, which is private equity owned.
Trovata has closed its Series A funding round after raising $20 million. Wells Fargo Strategic Capital led the investment round with participation from new investors, Capital One Ventures and Pivot Investment Partners, as well as existing early investors, J.P. Morgan and FINTOP Capital.
"We are keen on how technology is reinventing the treasury function into a modern, insight-driven operation that helps our clients deliver on their business strategy," said Basil Darwish, Managing Director of Wells Fargo Strategic Capital, who joins the Trovata board.
Trovata said the investment will be used to deliver new services, accelerate multi-bank APIs globally, and add more bank distribution partners.
Treasury Technology news from the experts at Treasury Dragons.