Treasury Technology
Published  4 MIN READ

A Dynamic Partnership: Bank-Fintech Collaboration Improves FX Risk Management

For the treasury community, one of the hallmarks of 2019 was the growing collaboration between fintechs and banks. Nowhere is this more evident than in the partnership that Kantox and BNP Paribas have forged, helping treasurers to improve their foreign exchange (FX) risk management processes by leveraging sophisticated technology, while strengthening their bank relationship. This unique collaboration is a deserving winner of TMI’s 2019 Award for Solution Innovation – FX Risk.

Managing FX risk has long been a headache for treasurers – with many citing excessive manual processes, lack of visibility over FX exposure and FX volatility as key challenges. To help treasurers solve these pain points, Kantox designed an innovative software solution, called Dynamic Hedging [1]which enables corporate treasurers to completely automate, hedge small or large transactions in bulk, and to streamline FX workflows.