RiskRisk management tech update: GTreasury, Calypso, and more

Risk management tech update: GTreasury, Calypso, and more

The Global Treasurer’s monthly round-up of tech news, including new product launches and acquisitions

On February 11, GTreasury announced its partnership with Treasury Strategies – a division of fintech Novantas – to add bank fee analysis (BFA) technology NDepth skills into its comprehensive system for the digital treasury. The improved treasury management platform enables customers to gain further transparency, visibility, benchmarking and control over their banking activities fees.

On March 10, EY and Wolters Kluwer’s Enablon – a leader in integrated risk, operational risk and environmental, health and safety (EHS) management software – announced an Environmental, Social, and Governance (ESG) management and reporting solution.

On March 15, Calypso Technology Inc welcomed the launch of a standardised and pre-packaged solution: Calypso Treasury Foundations. The new product will replace the usage of the spreadsheet for growing local banks with treasury views and dashboards, boosting their efficiency and control.

ProcessUnity introduced, on March 16, ProcessUnity VRM Essential Edition – an improved version of its vendor risk management software that allows small organisations to identify potential risks posed by third-party service providers. The new tool will automate vendor onboarding, due diligence and ongoing monitoring for end-users, providing greater insight for small and mid-sized organisations into their third-party risk exposure.

BNP Paribas will also be partnering with Baringa to develop its climate scenario analysis capability as part of an enhancement of its ESG risk management framework. The product will provide a data-driven approach to climate commitments, climate risk management, and client engagement.

On March 17, Mirato launched a new advanced third-party risk management platform to allow greater visibility into risk for financial institutions in the US. The product includes an operations dashboard and the Mirato Risk Hunter for real-time visibility into risk. The company recently completed a$9m funding round led by Grove Ventures and co-led by Janvest Capital Partners, with additional funding provided by American Express Ventures, iAngels, and others.

Deloitte announced, on March 18, its partnership with data and analytics software company Quantexa to combat illicit financial crime following increased fraud levels caused by the pandemic. The big four firm will use Quantexa’s CDI data analytics platform to help clients identify trends within their corporate data and mitigate the risk of new threats hidden in corporate payment flows, as part of its Economic Crime Governance and Risk Management Framework.

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