Kyriba has struck a deal with Societe Generale which sees its financial transaction management module integrated into SG Markets, Societe Generale’s BtoB platform.

The API-based connection will allow SG's mid-cap company clients in France to execute their hedging 'with a single click'. Hedges arranged in Kyriba are then automatically pre-populated in the SG Markets platform to be executed. SG Markets updates FX positions in Kyriba, automatically and in real-time.

“Currency market volatility continues to impact the financial performance of European companies," said Edi Poloniato, Global Head of Banking Solutions at Kyriba. "The partnership set up with Societe Generale allows us to expand our solutions for optimizing foreign exchange risk management. Together, we are creating even more value for our joint customers.” 

Fides Treasury Services has integrated its suite of payments, reporting and cash management solutions into a single interface for the first time with the launch of ONEHub as its main product offering for corporate treasury teams.

ONEHub will also act a gateway to a, "Curated array of financial solutions from the extensive Fides partner ecosystem", according to the company.
 
Fides CEO Andreas Lutz said the company will  be adding more modules such as Fides Cash Pooling,  in the coming weeks  Companies can implement one module or the full hub based on their specific needs.

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. 

Nomentia has pulled together all its treasury solutions on a single platform for the first time. Since Nomentia acquired TIPCO in 2021, it has offered a suite of cash management and treasury solutions on separate platforms.

The new offering, OneNomentia, unifies them into a single system, though clients can still choose which modules are activated.

Hubert Rappold, Chief Sales Officer at Nomentia and former co-CEO at TIPCO, said, "Today marks the realisation of our commitment to delivering a comprehensive suite of solutions to treasurers. 'OneNomentia' signifies not just an end, but a new beginning, a fresh chapter in our journey to redefine treasury management in collaboration with our clients." 

Facebook owner Meta Platforms has chosen nsKnox to validate vendor bank accounts globally, and protect outgoing B2B payments against fraud.

nsKnox said its PaymentKnox™ for AP  solution will help Meta provide its vendors with a more streamlined and secure process when onboarding or changing banking details. The solution protects Meta and its vendors against significant financial losses and reputational damage by validating vendor bank account ownership anywhere on the globe and preventing manipulations across every point of the payment transaction journey.

“We are proud and humbled to be chosen by Meta to provide our B2B payment fraud prevention solutions globally," said Nithai Barzam, President & COO at nsKnox. "We are excited about the opportunity to collaborate with Meta in streamlining and securing the vendor onboarding experience,“

Trovata claims to be the first generative AI entrant in the fintech space with Trovata AI, which uses OpenAI’s ChatGPT technology. The company is rolling out a product beta to select customers beginning in May. 

In a statement, Trovata said its customers will be able to ask Trovata AI open-ended and complex questions such as, "Give me a report showing all of my company’s cash outflows by cash flow type," or "Provide me with a list of cash inflows in US$ greater than $10,000 for the past month in descending order." 

The company has applied for a patent on its formulation methodology for prompting that allows ChatGPT to access Trovata’s analytics and data APIs.

Trovata is backed by J.P.Morgan, Wells Fargo, and Capital One and its clients include Square, Eventbrite, and Krispy Kreme. 

Coupa has signed a deal with Goldman Sachs Transaction Banking for a joint initiative to allow firms to make corporate payments from within the Coupa platform in 124 currencies and 167 countries.

The business payments solution uses APIs to integrate Goldman Sachs's payment services with the Coupa platform. It uses SWIFT GPI to track payments from end to end.

"We are collaborating with Coupa ... to provide a consumer-like user experience to our customers," said Brinda Bhattacharjee, Head of Product, Transaction Banking at Goldman Sachs.

Raja Hammoud, Executive Vice President of Products at Coupa., said the collaboration, would "Further streamline and centralise payments for customers and their suppliers around the globe."

Nomentia has been acquired by Inflexion, a UK-based private equity fund manager. The deal sees Inflexion pay an undisclosed sum to acquire a majority stake in the Finnish treasury technology firm from previous owners PSG Equity and Verdane. 

Nomentia has grown rapidly since it was formed from the merger of Opus Capita and Analyste in 2020. After buying TIPCO in 2021, it now claims more than  1,400 customers in 80 countries.

Nomentia CEO ​Jukka Sallinen (right) said the company aims to continue its growth across Europe both organically and through further acquisitions. “Nomentia has gone through an incredible journey under PSG and Verdane’s ownership," he said. 

​"We’ve established Nomentia as one of the leading players in the European treasury and cash Management space. Going forward, Nomentia plans to be even better at serving customers in its current markets and new ones by bringing new and innovative features to a growing client base. "

Swedish construction firm NCC has chosen IUT2 from ION Treasury as it moves to upgrade its treasury management system. 

NCC, listed on NASDAQ Stockholm, will use IT2 for cash management, including bank connectivity to its existing platform, in-house banking, FX, interest rate and commodity risk management, debt and investments, accounting, and hedge accounting.

“We look forward to closely working with the ION Treasury team, to improve the accuracy and efficiency of our treasury and financial risk management processes, "  said Charlotte Lindstedt, treasurer at NCC.