TechnologyTreasury tech update: Zelle, SAP and more

Treasury tech update: Zelle, SAP and more

The Global Treasurer’s monthly round-up of treasury tech news, including new partnerships, product launches and people moves

Zelle (May 5) a real time payments network has processed $106bn worth of transactions in the first quarter. Zelle, which is owned by a number of major US banks is one of several options that provide real time payment services in the US.

StoneX (May 10) has become a member of the London Stock Exchange and Turquoise, a multilateral trading facility. This membership will help to enhance StoneX’s cross-border equity and asset trading capabilities, as well as improving its access to liquidity and local trading expertise.

Finastra (May 10) has extended its partnership with Be, a financial service consulting firm. The partnership aims to further develop Finastra’s cloud solutions and its managed services.

Revolut (May 11) has integrated Elliptic, a crypto-asset risk management and blockchain analytics software into its crypto-asset offerings. The objective of Revolut in adopting Elliptic is to mitigate financial crime risk, increase automated compliance and meet the UK Financial Conduct Authority’s regulatory standards.

Accenture (May 11) is planning on acquiring Linkbynet, a French cloud services provider. The proposed acquisition would help bolster Accenture’s own cloud offerings. Over the past two years, Accenture has also acquired several other European cloud service providers.

StoneX (May 19) has rolled out “significant” enhancements to its OTC platforms for commodities trading. The self-service solution allows for users to receive data such as market intelligence, risk analysis and complete executions.

SAP (May 20) is further integrating digital support into its product suite. These digital assistants will use AI to provide contextual assistance to SAP users. Currently available for S4/Hana cloud, it plans to roll out embedded support for other solutions like its Integrated Business Planning for Supply Chain.

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