GTreasury is launching an  Innovation Lab, expanding on its twice-annual hackathons to explore future treasury technology. Each member of GTreasury’s technology team will have a dedicated cycle within the lab, 

Early wins for the new approach are likely to focus on applications of  Machine Learning and Artificial Intelligence, with product ideas around BI reporting, risk analysis modules, and a module offering more automated and accurate reconciliation between forecasted and actual treasury payments.

Developers at the lab will turn initial ideas into working proof of concepts. Lab members will vote to select the solutions with the most potential, after which ideas are presented to internal stakeholders and customer representatives. Validated solutions will then move to a production development team to be fully built and integrated into the GTreasury platform.

Ciarán O'Neill, Director – Innovation Lab, GTreasury, said the launch would, 'Accelerate our pursuit of the innovations that it takes to develop and deliver powerful and compelling technological advances to our customers.'

Cobase has launched its first app on Oracle's NetSuite ERP platform. Cobase Bank Connector connects with more than 15,000 banks, removingthe manual processes of uploading payment files and reporting statements. NetSuite users can automatically transfer  payment and direct debit (batches) in a secure way to Cobase and have them transferred to all their banks. Bank statements are automatically downloaded from the banks and delivered in NetSuite, ready to be picked up for reconciliation. 

Trovata has signed a distribution deal with US bank Capital One. 

​Under the agreement, Capital One will market and refer Trovata’s cash management platform to new and existing commercial and corporate banking clients. Capital One Ventures is an investor in Trovata, alongside Wells Fargo and JPMorgan.