TreasurUp has signed a contract with KBC Group from Belgium to provide its white-label treasury platform for the bank. KBC is the third major bank to work with TreasurUp, following partnerships with Rabobank and the OP Financial Group from Finland.
The partnership with KBC will start off with a completely new online foreign exchange environment, accessible through web and mobile, which KBC will offer to its medium-sized corporate clients. The platform’s ability to apply hedging strategies for corporates was seen as particularly useful to the Belgian bank. If the launch proves successful in Belgium, the partnership has potential to grow into an international expansion within KBC Group.
TreasurUp, previously known as Easytrade, is a venture of Rabobank. The founders were one of three winning teams of the bank’s global 'Moonshot' innovation campaign in 2016. Since then, it has developed into an integrated platform for online treasury insights and execution initiation that can be implemented by banks for their corporate users around the world.
TreasurUp offers online foreign exchange hedging and is developing new modules on foreign exchange payments and liquidity management and assert base finance.
Like this item? Get our Weekly Update newsletter. Subscribe today