Cobase grew its revenues by 67% to €2 million in the financial year 2023, with all revenues derived through SaaS subscription fees, according to a trading update from Alpha Group, which completed its acqusition of the treasury technology firm in December 2023 In addition, Cobase's client base grew by more than two thirds during the year, to end 2023 with more than 130 clients. "With Cobase's bank-connectivity technology added to Alpha's stable of products, the Group is now able to offer our corporate client base a comprehensive and flexible portfolio of treasury-focused products covering FX, payments, accounts, and bank management," said the statement. TIS is to integrate the NDepth bank fee analysis solution into its suite of payments and cash management products. The deal with NDepth developer Treasury Strategies, will allow users to monitor bank fees across all their relationships, standardize fee categories for benchmarking purposes, and automatically identify pricing discrepancies on monthly statements. “TIS clients can now access an unprecedented range of datasets to help them evaluate and benchmark the costs of their banking operations on a global scale," said Jon Paquette, SVP Solutions at TIS. "This will ultimately enable them to more effectively identify inefficiencies, eliminate redundancies, and create a more sustainable, streamlined, and cost-effective banking structure.” The partnership between TIS and Treasury Strategies is expected to take effect immediately, with both teams working together to develop an enhanced solution offering for clients. Treasury Strategies is a division of Curinos, Inc. |
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