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March 29, 2022

On the web

Neo Clears $1 Billion Through Its Multi-Currency Accounts Within 14 Months of Launch | Treasury Management International

Treasury Management International

Neo , the treasury management, payments, and FX fintech, today announced that it has cleared $1 billion through its multi-currency accounts, which went live in June 2020. The firm has made huge strides in the past year and now has over 200 corporate clients across Europe sending and receiving payments every day. Furthermore, over 3,000 banks across the globe are connected to its Bank Identification Code (BIC) on the SWIFT network.”

January 31, 2022

On the wires

Capital One and Trovata Partnering to Automate Cash Management for Corporate Clients

Trovata , the leading fintech in automating cash workflows through multi-bank API data aggregation for corporate finance and treasury teams, announced today a distribution agreement with Capital One. In connection with the partnership, Capital One will market and refer Trovata’s cash management platform to new and existing commercial and corporate banking clients. With Trovata’s next-gen platform, Capital One will provide an entirely new cash management experience for its commercial clients, with better visibility and insights into multi-bank account balances and historical cash flows, along with powerful projections that help automate cash forecasting.”

November 17, 2021

On the web

Supply Chain Crunch Sparks Demand for Cutting-edge Payments Services

American Banker

“Bank of the West, Swift and SAP are among the entities offering customers real-time processing, short-term loans and virtual cards that could ease their financial strains. Bank of the West, in San Francisco, last week officially rolled out a product it had been testing called TreasuryNow. It centralizes treasury management products in an effort to make it easier for businesses to make payments, transfer funds and collect payments as part of the same user experience, which the bank contends will help execute transactions faster and provide flexibility for transactions.”

October 5, 2021

On the web

July 28, 2021

On the wires

Citi Drives Liquidity Innovation With the Launch of Real-Time Liquidity Sharing

“Citi is pleased to announce the launch and roll out of a new global Real-Time Liquidity Sharing solution, addressing a pressing need for companies to secure improved efficiencies in liquidity and working capital. Part of Citi’s Liquidity Optimization product suite, the new globally consistent platform is launching across six countries and jurisdictions in Asia Pacific – Australia, China, Hong Kong, New Zealand, Singapore and Taiwan – with other regions and additional markets to follow in line with client demand.”

June 22, 2021

On the wires

Finastra and Uni Systems Collaborate to Deliver Treasury, Payments and Risk Solutions and Services

Finastra has established a new partnership with Uni Systems Information Technology S.M.SA (Uni Systems), an Information and Communications Technology (ICT) systems integration company that specializes in Information Technology landscape transformation in Europe. Uni Systems will be bringing Finastra treasury, risk and payments software – Fusion Treasury, Fusion Risk and Fusion Global PAYplus respectively – to local markets with on-the-ground implementation and support services.”

June 14, 2021

On the wires

Societe Generale and Kyriba Join Forces to Create a Cloud Treasury Management Solution – Société Générale

“Societe Generale (the Bank), one of the leading European financial services groups (most notably in the field of transaction banking), and Kyriba, a global leader of cloud-based finance and IT solutions, have today announced a strategic partnership to launch a new treasury management solution.  This solution will include payment automation and fraud management functionalities, and will be dedicated to the Bank’s corporate clients and their subsidiaries. Fully hosted in the cloud, this solution will be based on Kyriba’s global platform and distributed by Societe Generale.”

May 13, 2021

On the wires

Announcing Our Partnership With Silicon Valley Bank | Modern Treasury Journal

“We are excited to announce our partnership with Silicon Valley Bank, building upon three years of work serving our mutual clients. Since its unconventional start in the early ‘80s [1] , SVB has grown to work with innovative companies, supporting 50% of all venture-capital backed tech and life science companies in the U.S. Our formal referral partnership will catalyze the sourcing of new clients and support existing clients with specialized teams and onboarding processes that allow for easier and faster implementations.”

April 21, 2021

On the wires

Modern Treasury Passes $1 Billion Per Month in Reconciled Volume

Modern Treasury , a leading payment operations software provider, today announced that in March it reconciled more than $1 billion in business-initiated payments for the first time, up from $100 million a month in August 2020. The growth in volume reconciled using Modern Treasury’s software underscores the company’s increasing value as a payment operations platform for companies needing to modernize, automate and speed business-initiated payments.”

April 16, 2021

On the wires

Avidia Bank Announces Partnership With KyckGlobal For Next-Generation Treasury Management Products

“Avidia Bank recently announced a partnership with KyckGlobal, Inc. to enhance its current portfolio of treasury management products and services. Avidia Bank currently offers a wide variety of services to businesses, including payment services, banking as a service, commercial credit solutions and a host of others. KyckGlobal features a cloud-based technology layer featuring a growing array of high-value endpoints from which payment recipients may select. All available payment types originate from a single point of funding and reconciliation.”

October 18, 2019

On the web

PNC Treasury Management Takes Guesswork Out Of Payments With Intelligent Routing


“Intelligent payment routing provides clients with flexible options that suit their individual business needs and individual payment scenarios. Clients create a payment file and PNC Treasury Management will determine the most appropriate type of payment channel based upon specific factors, such as the fastest delivery and lowest cost, based upon preset parameters established by the client. Payment can be sent via real-time payment (RTP®), Same Day ACH or Next Day ACH. An option for Wire transfer will be added in first quarter 2020.”

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