SEB is partnering with TreasurUp to offer its automated foreign exchange hedging module to its commercial banking clients. SEB and TreasurUp will also work jointly on integrating the platform with the bank’s clients’ ERPs, enabling full automation of FX risk hedging.
‘The market for automated hedging services offered by banks is relatively new and SEB wants to be at the forefront of that,’, said James Prasad, head of FX business development at SEB.
TreasurUp CEO Niels van Daatselaar, added, ‘TreasurUp is delighted with SEB as a new partner. SEB is a very innovative, open, and professional bank which is a great starting point for joint innovation.’
Nomentia has signed a strategic partnership deal with AP Automation and spend management platform Medius.
The agreement will add bank connectivity to the platform, especially important for Medius’s Nordic customers as they aim to take advantage of developments such as the P27 initiative, which will establish a single pan-Nordic payment infrastructure for the region’s 27 million citizens.
Jukka Sallinen, CEO at Nomentia, said, ‘The partnership with Medius unites AP automation and payments with our extensive bank connectivity. I look forward to working with Medius, whose expertise in AP automation and spend complement our own in global cash and treasury management.’
Treasury Technology news from the experts at Treasury Dragons.