Treasury tech update: Deutsche Bank, Kyriba, Finastra, Goldman Sachs and more….

(September 15) Kyriba announced the launch of its latest solution, Cash Management AI. The tool empowers treasurers and finance leaders to make smarter business decisions by organising and leveraging data via artificial intelligence to make forecasting decisions faster and more accurately.

(September 20) Goldman Sachs revealed it is expanding its Transaction Banking (TxB) service to the EU. Originally launched in the US in 2020 and expanded to the UK in 2021, TxB will now serve clients’ treasury needs, including deposits and payments into over 160 countries in more than 120 currencies.

(September 21) JP Morgan and California-based AI and machine learning platform Cleareye.ai have joined forces to streamline and digitise trade finance transactions. The partnership aims to simplify the due diligence processing associated with trade finance transactions and related physical documents.

(September 21) DBS has partnered up with fintech FinLync to accelerate digitalisation of corporate treasury functions with plug-and-play bank API solutions. The collaboration aims to give corporates access to an extensive suite of digital cash management, foreign exchange and supply chain offerings, and provide treasury teams with real-time updates to enhance automation and decision-making processes round-the-clock.

(September 22) Deutsche Bank and Visa announced a new collaboration to help prevent online retail fraud. Merchants who process their e-commerce payments via Deutsche Bank can now use “Decision Manager”, an automated fraud detection system from Visa-owned company Cybersource.

(September 23) Finastra and Visa announced they are working on a Banking-as-a-Service collaboration that will enable thousands of banks and financial institutions to offer faster cross-border payouts for their customers via Visa Direct.