Cash & Liquidity ManagementFXTreasury tech update: GTreasury, Finastra, HSBC, Banking Circle, BNP Paribas and more…

Treasury tech update: GTreasury, Finastra, HSBC, Banking Circle, BNP Paribas and more…

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

(July 7) Banking Circle has added USDC stablecoins to its payment rails for payment acceptance, processing and settlement. The bank says the solution is easy to implement and cuts out the need for significant IT or financial investment for businesses that want to get into the web3 market.

(July 7) BNP Paribas and EDF ENR have joined forces to launch the first renewable project bond as a digital asset. BNP Paribas structured, tokenised and distributed the bond, the proceeds of which aim at refinancing a solar energy project sponsored by EDF, parent of EDF ENR. BNP says the native digital asset was issued on the public Ethereum blockchain using AssetFoundry, the Bank’s digital assets platform.

(July 12) GTreasury, the treasury and risk management platform provider, has announced the launch of ClearConnect, a connectivity suite for treasury teams and CFOs that features more than 80 API channels in a dozen key categories. The solution enables robust functionality across a dozen categories, including payment approval rules, payment workflows, payments and templates, bank account management and forecasts.

(July 14) Finastra and HSBC have announced they are working together to distribute HSBC’s FX services via Finastra’s FusionFabric.cloud platform under a Banking as a Service (BaaS) experience. The collaboration aims to take advantage of the best elements of modern API-driven connectivity with licensed institutions’ secure, regulated infrastructure.

(22 July) Finnish IT services provider Tietoevry has announced that it is mulling over the option of separating and listing the Tietoevry Banking unit, as part of a wider strategic review. The firm says that with annual revenue close to €500m and around 3,600 employees covering 400 global customers, Tietoevry Banking would achieve more as an independent entity. The banking unit offers software as a service (SaaS), interoperable solutions, and data-driven platforms in its product portfolio.

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