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.’
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