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Treasurers look for the right 'ecosystem' to manage their FX transactions

26/6/2021

Platforms that combine bank expertise and fintech innovation are set to be the future for FX

With a changing global outlook following the Covid pandemic, and a growing number of companies finding new markets around the world, the need for corporate treasurers to have a good grip on their FX risk, transactions and related costs, is greater than ever.

Many treasurers are starting to question whether their traditional bank partners alone can meet all their FX needs, yet are increasingly unwilling to accept lengthy implementation processes to set up new systems.

This is according to speakers at a Treasury Dragons Debate on The Future of FX, supported by Hedgebook, who see a growing demand for automated end-to-end solutions to enable faster decision-making.

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Societe Generale picks Kyriba as partner for corporate treasury management offer

11/6/2021

Societe Generale is to partner with Kyriba to launch the its new treasury management solution for coporate clients. The cloud-based solution which will include payment automation and fraud management functions, will be available on SG Markets, the Bank’s digital client portal for corporates.

Alexandre Maymat, Head of Global Transaction and Payment Services at Societe Generale, said, 'Treasury management is a key area of focus for companies and we believe it is essential to make this easier through simple, efficient and secure tools. This partnership also inaugurates other collaborations that we will be keen to develop with Kyriba to ensure we can always better anticipate and meet the needs of our clients.'

Societe Generale, plans to launch the new solution to clients in Q4 2021, starting with the French market.

When is the right time for your company to set up an in-house bank?

2/6/2021

Setting up an in-house bank offers significant benefits for multinational companies, but is often perceived as complex and expensive to set up. Asking the right questions is a great start, says Nikolai Diekert

As companies grow, whether organically or by acquisition, the need to make the best possible use of corporate cash grows with them. Having one subsidiary overdrawn and paying interest while another is sitting on a cash surplus makes little sense.

To tackle this problem, many companies look at ways of optimising their cash management. A first step is often to set up an intercompany funding structure, allowing one subsidiary to lend to another. Intercompany accounts are maintained to track that debt, and interest is applied to them.

Apply for your place at our Treasury Dragons Virtual Round Table on in-house banking

Dragons Talk
Treasury Technology News

Treasurers look for the right 'ecosystem' to manage their FX transactions

Societe Generale picks Kyriba as partner for corporate treasury management offer

When is the right time for your company to set up an in-house bank?

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Dragons TalkTreasury Technology News

Treasurers look for the right 'ecosystem' to manage their FX transactions

Societe Generale picks Kyriba as partner for corporate treasury management offer

When is the right time for your company to set up an in-house bank?

Archives

Categories

Dragons Talk
Treasury Technology News