Refinitiv, IBSFINtech Partner On Treasury Automation

Refinitiv, which provides financial market data and infrastructure, will be working with IBSFINtech to launch InTReaX, an automated treasury solution to work with cash and liquidity management, currency risk management and market insights, according to a Wednesday (May 26) press release.

With the partnership, corporates will get help automating treasury workflows and allowing for more efficient operations. It will let chief experience officers (CXOs) and treasurers get more visibility and control, cut down on risk, allow for automation and make business more efficient.

There will also be analytics available for cash management; foreign exchange (FX) transactions; pre-trade, trade, and post-trade; derivative valuations; and portfolio analytics.

CM Grover, managing director and CEO for IBSFINtech, said the partnership would help support the corporate treasury industry as it keeps evolving.

“With our SaaS TMS, InTReaX powered by Refinitiv data and analytics, we envision strengthening every corporate treasury helping to transform the strategic power-center of the organization. Our On-Premise platform is trusted by large corporates across the country and our vision is to expand with this new age SaaS TMS.”

Gautam Verma, head of South Asia, data and analytics at LSEG (London Stock Exchange Group), said the partnership would help CXOs and treasury heads “confidently strengthen their strategic decisions at a global level with accurate information on corporate governance that embeds internal compliances.”

“Today’s risk management policies help combat the volatility of foreign currency exposures and we intend to work in tandem with this goal by providing access to Refinitiv Data Scope Select tools and Refinitiv Eikon research,” he said.

Treasury functions have seen updates in recent months with things like advanced cloud-based systems and APIs which connect mobile apps with bank accounts, credit lines and other features.

A PYMNTS report called the Corporate Cash Management Playbook, found that uncertainty due to the pandemic was the top challenge for business owners. Following that was general economic uncertainty. Seventy-nine percent of them cited the pandemic while 73 percent said the general uncertainty was an issue for them.