BNP Paribas is entering into a partnership with fintech Kantox, a leading currency risk management fintech specialist, to provide corporate treasurers the ability to fully automate and streamline their FX workflows.
EMEA corporate clients to benefit from highly innovative dynamic hedging software under this new bank and fintech partnership.
The agreement allows us to offer Kantox's Dynamic Hedging solution to corporate clients throughout EMEA, complementing Centric, BNP Paribas' existing digital banking platform. The solution enables businesses to better manage their FX volatility, exposure and hedging requirements irrespective of transaction volumes and cash cycle length.
This latest fintech partnership underlines the inroads the latest financial technology is making into risk management for treasurers – and BNP Paribas' commitment to digital solutions for its clients.
Click on the link below for the full press release.
"We are seeing a real need for our corporate clients to improve efficiencies in forecasting their future cash flows, formalising hedging practices and optimising execution through automation."Xavier Gallant, Co-Head of Corporate Rates, FX and Local Markets Sales EMEA
"Our solution allows treasurers to automate FX management and leverage micro-hedging to save time and streamline workflows."Philippe Gelis, CEO and co-founder at Kantox