HSBC's transaction banking services have been embedded into Oracle's NetSuite AP Automation product, allowing corporates to manage payments and automate reconciliations within the ERP itself.
Barry O’Byrne, Chief Executive Officer, Global Commercial Banking at HSBC, described the integration as, 'The largest fully embedded Banking as a Service deployment into a globally recognised cloud ERP system.'
NetSuite AP Automation is now available in the US as part of NetSuite’s
Nomentia has signed a deal with SEB to help its corporate clients prepare for P27, the Nordic Payments Platform designed to improve domestic and cross-border payments in the Nordics.
Under the agreement, SEB clients can use Nomentia to establish connections with the bank and send payments in the correct file format from their enterprise resource planning systems (ERPs) and financial systems.
'We decided to partner with Nomentia as the company has immense experience and expertise to deliver the integrations in a way that is seamless for our clients,' said Ida Blom, Partner Manager at SEB. 'Our customers can work with Nomentia to develop connectivity between their systems and our bank. Nomentia will create and maintain the integrations and handle the data format transformation."
California-based treasury technology firm Trovata has signed a global distribution agreement with Santander. Under the deal, Santander will offer Trovata’s cash management platform to its corporate clients.
The agreement comes weeks after Trovata announced it was expanding into Europe with new offices in London and Amsterdam.
Eva Bueno, managing director & global head of cash management for Banco Santander, said the bank was, “Thrilled to bring to our clients the most advanced technology on the market for cash forecasting and liquidity management.”
For Trovata, Founder and CEO Brett Turner said the firm was, “Excited to partner with Santander to expand outside the U.S. and deploy Trovata for the bank’s clients in key markets within Europe and Latin America.”
Treasury Technology news from the experts at Treasury Dragons.