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BNP Paribas announces strategic partnership with Kantox

BNP Paribas has announced its strategic partnership with Kantox, a fintech specialising in foreign exchange (FX) risk management solutions.

The agreement enables BNP Paribas and Kantox to jointly offer Kantox’s Dynamic Hedging solution to BNP Paribas’ clients across EMEA. The solution is designed to allow corporate treasurers to fully automate and streamline FX workflows. It will complement the product suite available on Centric, BNP Paribas’ digital banking platform.

BNP Paribas says that the partnership strengthens its commitment to digital growth and transformation, demonstrating an agile approach that combines the best of the banking and fintech worlds.

Philippe Gelis, CEO and co-founder at Kantox, said: “We are pleased to jointly offer our award-winning Dynamic Hedging solution to BNP Paribas’ corporate clients. Our solution allows treasurers to automate FX management and leverage micro-hedging to save time and streamline workflows. We believe that our offering, combined with the financial strength of BNP Paribas as a banking partner, is an attractive value proposition for their existing corporate client base.”

Xavier Gallant, co-head of Corporate Rates, FX and Local Markets Sales EMEA at BNP Paribas, commented: “When it comes to managing foreign currency risk, we are seeing a real need for our corporate clients to improve efficiencies in forecasting their future cash flows, formalising hedging practices and optimising execution through automation. BNP Paribas’ partnership with Kantox will offer corporate treasurers in EMEA the opportunity to access a fully automated hedging solution and ultimately improve their treasury processes.”

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