The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Treasury

Banks focus on vendor collaboration for treasury services

Societe Generale’s decision to launch a joint treasury management solution with Kyriba is just the latest example of banks and technology vendors collaborating to offer more sophisticated treasury functionality.

magnifying-glass-collaboration-iStock-960.jpg
Photo: iStock

Societe Generale and software firm Kyriba have announced that they are developing a treasury management solution that will include payment automation and fraud management functionality.

It will be available on SG Markets, the French bank’s digital client portal for corporates, and will be launched during the fourth quarter of 2021, initially for the French market.

The deal comes almost two years after Citi made a similar investment in treasury automation with integration platform developer Cashforce. At the time, the bank’s global head of treasury advisory referred to an increasing appetite within corporate treasury for integrated decision support tools from their banks.

Our development focus is split between existing solutions and creating new offerings
Stephen Randall, Citi
Stephen-Randall-deutsche-960x535.jpg

Stephen Randall, global head of liquidity management at Citi, tells Euromoney: “The tie-in with Cashforce is a good example of partnering with an external vendor to offer our clients a cash forecasting and working capital visibility tool that can bring all their ERP [enterprise resource planning] data together and provide them with greater insight into the positions generated across their organization.”

Partnering


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree