GTreasury believes in a modern and agile approach to treasury automation, by offering best-in-class specialized, modular treasury solutions across cash, payments, and risk solutions. The acquisition of CashAnalytics enhances GTreasury’s suite of solutions with a critical first point of treasury automation that can be deployed in just weeks as a single solution and with the added benefit of seamless data orchestration and user interface across GTreasury’s suite of Digital Treasury Solutions.

Cash forecasting is an accelerating concern for CFOs and treasury groups. In a recent market survey by Topline Strategy, 65% of treasury groups stated improvements in cash forecasting as their top priority, citing issues such as the inability to predictably monitor and change processes to impact DSO and DPO and adhering to debt covenants. CashAnalytics’ unparalleled intuitive user interface and cash forecasting capabilities are uniquely comprehensive and include the CashAnalytics SmartLedger. SmartLedger offers especially deep insights into working capital drivers within a business. These insights include the payment behavior of customers, which facilitates insights into actions that can improve free cash flow. Further, CashAnalytics can be quickly deployed with API connectivity into banks, ERPs, and any legacy treasury management systems.

“GTreasury’s vision of a seamless, modular, and future-proof approach to the adoption of treasury technology is truly game-changing,” said Renaat Ver Eecke, CEO, GTreasury. “CashAnalytics is a perfect match for GTreasury and a very natural next step in the journey for our product, customers, and employees. CashAnalytics, as part of GTreasury, opens up cutting-edge treasury technology to a far wider market that, up to now, has only had access to monolithic treasury management systems that are rigid, costly, and difficult to deploy. We’re incredibly excited for our customers to see how this acquisition will enhance their treasury operations.”

“We founded CashAnalytics over 10 years ago to transform the way companies analyze cash flow, with the goal of enabling them to quickly take well-informed actions to optimize working capital,” said Conor Deegan, CEO, CashAnalytics. “Today’s CFOs and treasurers want—and, frankly, need—to move beyond manual spreadsheets or the restrictive cash forecasting functionality of their ERPs and legacy treasury systems. These outdated solutions either lack timely variance visibility, are error prone, like spreadsheets, or the data and workflow constraints of a monolithic platform hinder broader business unit adoption, limiting visibility, needed insights, and the ability to quickly act. CashAnalytics’ ability to automate the collection of cash flow data from internal ERP or TMS systems and banks with API connectivity is a perfect match for GTreasury’s own approach to seamless access and timely analysis of financial data. The result for CFOs is a faster time-to-value realization, from a solution that can be deployed in a matter of weeks instead of months. We are extremely excited about this next stage and look forward to our shared achievements to come.”

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Tranglo’s direct-to-wallet transfers eliminate the need for intermediaries, making remittances more accessible by ensuring funds are available to recipients immediately. This is especially important for millions of rural recipients, who often lack access to traditional financial institutions. Receiving money through eWallets, which stay open 24/7, is a reliable and convenient alternative.

Tranglo Group CEO Jacky Lee said: “Our data shows that cross-border transactions to eWallets have doubled since 2021. Across the board, eWallet payouts are outpacing banking channels this year, with some corridors, like GCC to Pakistan, experiencing a surge of nearly 400% in transactions.”

“It’s all about helping businesses create more value. For example, 1 of our biggest partners in the UAE saw an 8-fold increase in transactions to Pakistan and Indonesia after adding our eWallet payout service. The growth opportunity presented by eWallet cannot be overstated.”

Tranglo’s direct-to-wallet transfers are available in Bangladesh, Cambodia, China, Indonesia, Nepal, Pakistan, the Philippines and Vietnam, with more to follow.

Digital wallets have experienced exponential growth, especially after the pandemic. Valued at USD 9.55 billion in 2023, the global eWallet market is expected to grow at a CAGR of 28%. Asia Pacific has the largest share by region at 32.3%. By 2026, more than 60% of the world’s population will use an eWallet.

Tranglo helps financial institutions and businesses pay through Tranglo Connect, its proprietary cross-border payments solution. It seamlessly integrates payout and partner services with direct API connectivity.  With Tranglo Connect, companies can make payments to over 80 countries reliably and securely.

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Treasury teams and the office of the CFO can now conveniently use ClearConnect Gateway to access current-day balance and transaction reporting and prior-day balance and reporting from their organizations’ U.S. Bank accounts.

U.S. Bank adds to GTreasury’s growing list of ClearConnect Gateway data connectivity integrations for balance and transaction reporting, which also includes Wells Fargo, Bank of America, Goldman Sachs, and JPMorgan Chase. Goldman Sachs partners can also perform payment creation, including FX.

ClearConnect Gateway replaces enterprises’ slow, expensive, and time-consuming banking connections with modern, seamless, out-of-the-box API connectivity and data integration into their preferred banking partners. The solution empowers treasury teams to quickly use API connectivity for real-time synchronization with banks, ERPs, and third-party platforms.

“We’re continuing to rapidly build direct data integrations into the banks that our customers partner with—enabling treasury teams to gain significant day-to-day efficiencies,” said Victoria Blake, Chief Product Officer, GTreasury. “We’re proud to add the availability of U.S. Bank balance and transaction reporting into the rapidly-growing ClearConnect Gateway connectivity suite.”

GTreasury built ClearConnect Gateway because integrated data sources and seamless information access mean greater accuracy, improved efficiency, and more time for treasury teams to devote to high-level tasks.

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QUODD’s market data platform, QX Digital Platform and QX Data, is powered by QX Technology, a modern cloud-based infrastructure which provides for the automation, control, and consumption of all types of financial market data information.

QX Digital Platform, QUODD’s flagship institution-facing market data platform, connects workflows from back to front office with mission-critical functionality. The platform powers fingertip access and custom queries to the highest quality, reliable, and cost-effective global security pricing, reference data, corporate actions, and analytics across all asset classes. Best-of-breed content providers from proprietary and third-party sources for funds, equities, fixed income, indices, and currencies integrate into QX Digital Platform’s bulk data download functionality with programmatic access to queries on customized asset masters that can feed into proprietary and/or third-party applications.

QX Data, which continues to serve complex enterprises in need of an institutional-grade low-latency streaming infrastructure, now offers the QX Marketplace for advanced tech buyers seeking programmatic access to the largest cloud-based, integrated suite of market data APIs in the industry.

The revamped product suite and future roadmap represent the next evolution of QUODD after its acquisition of Xignite, a global provider of financial market data APIs, in February, 2023. With the integration of QUODD’s and Xignite’s technology, QUODD’s modern, cloud-based infrastructure for consumption and control of market data adds fuel to the company’s momentum.

“The integration of QUODD’s and Xignite’s technical expertise to create and develop QX Technology helps us continue QUODD’s quest to become the premier global financial market data and content provider in the financial services space. Our goal is to provide fingertip access to comprehensive, global information in any format with the greatest quality, timeliness, and service levels at the lowest total cost of ownership,” said Bob Ward, Chief Executive Officer of QUODD.

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As institutional interest in digital assets continues to rise, market data integrity and accuracy become paramount. In response to the growing demands of this sector, Bitget now gives institutional investors access to both real-time and historical market data, powered by a FCA-authorised benchmark administrator.

CCData stands as a cornerstone of trust within the institutional data sector, celebrated for its expansive coverage and industry-leading data products. This partnership empowers Bitget users by granting them seamless access to CCData’s robust data infrastructure, linked with reputable financial data providers, including the esteemed LSEG Data (formerly Refinitiv). This integration bestows Bitget users with insights gleaned from institutional-grade data, thereby amplifying the efficacy of their trading operations.

Beyond the enhanced data exposure, the Bitget-CCData collaboration strategically aligns with numerous application programming interfaces (APIs). This connectivity not only bolsters Bitget’s institutional reach but also facilitates exposure across a diverse array of financial data sources, products and platforms. Through this integration, Bitget users can unlock extensive data insights, refining their market analysis and empowering nimble investment decisions.

Gracy Chen, Managing Director of Bitget highlighted the partnership’s significance for users:

“Our partnership with CCData heralds a new era of institutional-grade data exposure for our users. This venture not only amplifies our platform’s capabilities but also endows our users with a competitive edge within the dynamic digital asset landscape. Armed with premium data and API connectivity, Bitget users are primed to seize institutional-level opportunities and optimize their investment strategies.”

“As the digital asset sector continues to grow, it is paramount that market participants have access to high-quality trading platforms and reliable digital asset data. The integration of Bitget into CCData’s robust data infrastructure not only expands our industry-leading coverage of digital asset exchanges, but also allows market participants to seamlessly access and incorporate accurate, actionable digital asset data into their trading decisions,” stated Charles Hayter, CEO and Co-Founder of CCData.

This symbiotic collaboration epitomizes Bitget’s unwavering commitment to delivering top-tier services to its institutional clientele. By harnessing CCData’s robust infrastructure and expansive network, Bitget aspires to ascend as the go-to platform for institutional investors seeking an unmatched digital asset market experience.

The integration of CCData’s tools is directed towards enhancing the array of Bitget’s existing products tailored for institutional investors, encompassing solutions for off-exchange settlement and asset custody.

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This marks the second year back-to-back that Provenir has been named finalist in both categories for the US Fintech Awards. The US Fintech Awards is a key benchmark by which financial services modernization and technological progress in the world’s premier financial services center are judged. The awards program is organized by FinTech Intel, the global market intelligence platform for financial services technology.

“Provenir is honored to be named a two-time finalist for both ‘Fintech of the Year’ and ‘Data Initiative of the Year’ for the US Fintech Awards, which honors the most innovative fintech companies and individuals in the United States of America,” said Kathy Stares, Executive Vice President for North America, Provenir. “In today’s fintech market, there exists tons of data – often residing in siloed environments – making it difficult to access and costly to integrate into credit decisioning. Provenir brings together the power of decisioning, data and AI to drive instant decisions, foster financial inclusion, reduce risk and prevent fraud.”

A key tenet of the Provenir AI-Powered Risk Decisioning Platform is Provenir Data. Provenir Data is a global data and intelligence platform that makes accessing data fast and easy. Through a single API, it brings together a curated range of data and data solutions known as the Provenir Marketplace.

The Provenir Marketplace, which includes more than 100 data partners, is a comprehensive fintech data and intelligence ecosystem covering the whole customer lifecycle with data types such as identification, AML, document verification, open banking, PEPs/sanctions, bureau data, mobile data, email data, device verification, facial biometrics, and social media validation.

Winners of the US Fintech Awards 2023 will be unveiled during the Nov. 2 awards ceremony at The Edison Ballroom in New York City.

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The API enables Fintech and lenders to access unique proprietary data and AI, machine learning scoring for accurate and speedy assessments of borrower first- and third-party risk. It validates incomes and employers in real-time, detects and alerts income misrepresentation and fake employers on applications, and assigns a precise fraud score that identifies identity theft and synthetic identity usage. Key features include red flag alerts for each fraud type, OTP phone identity validation for borrower authentication, OFAC checks, comprehensive dashboard reporting, and geo address survey questionnaires. At the heart of Point Predictive’s solutions lies its proprietary derived data repository, which aggregates information from over 130 million loan applications combined with AI and ML-generated data insights to represent over 24 billion rich data attributes. This information covers both credit-visible and credit-invisible consumer populations.

“Our team is thrilled to bring this state-of-the-art API to the fintech and lending industry,” said Tim Grace, CEO of Point Predictive. “This API establishes a new risk assessment standard and propels the future of fintech and lending. At Point Predictive, we lead the industry revolution, enabling faster, more accurate lending decisions with effective fraud prevention. This innovation in first-party fraud detection marks a significant step towards shaping fintech’s future and reaffirms our commitment to industry-wide transformation.”

In conjunction with this major release, Point Predictive is proud to welcome Barry Kirby and Lauren Crossett, renowned fintech visionaries, to its Advisory Board. With a wealth of experience in the industry, Kirby and Crossett will play a pivotal role in spearheading the next level of innovation and growth at Point Predictive.

Grace adds, “We are honored to have Barry Kirby and Lauren Crossett join our Advisory Board. Their deep understanding of the fintech landscape and proven track record of driving innovation make them an invaluable addition to our team. We are confident their strategic insights and expertise will propel Point Predictive towards even greater success.”

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The Africa Bank 4.0 Awards recognises the pioneers and visionaries who are transforming the fintech industry and making financial services in Africa more accessible, innovative, convenient and affordable. Every year, they acknowledge the startups, banks and technology providers that are developing breakthrough technologies focused on financial inclusion.

Provenir’s data and AI-powered risk decisioning software allows businesses worldwide to easily create automated decisioning workflows across the entire customer lifecycle, integrate these workflows with data through a simplified single-API process, and apply AI to all data to automate the development of new credit risk models. From loan origination to merchant onboarding, Provenir’s software enables businesses to make smarter risk decisions across compliance, fraud and credit. Provenir is dedicated to redefining banking services and products by catering to the unique needs of the unbanked and underserved populations in Africa, leveraging alternative data and advanced analytics to catalyse financial inclusion while reducing risk and preventing fraud.

“We’re proud to be recognized in this year’s Africa Bank 4.0 Awards in North Africa for our industry-leading credit risk decisioning solutions,” said Adrian Pillay, Vice President of Sales, MEA, at Provenir. “The current approach to determining credit risk profiles using only traditional data unfairly impacts the unbanked population. At Provenir, we’re committed to setting the benchmark when it comes to providing tools that enable real-time decisioning processes and put financial inclusion at the heart of financial services. Our unique AI-driven solution enables lenders to leverage data quickly, simply and affordably to make better credit decisions.”

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Crypto scams are now a billion-dollar industry. With each transaction, users are confronted with substantial risks – placing the burden of evading attacks such as website hijackings, social engineering scams, and phishing assaults primarily on individual users. To tackle this growing issue, Harpie’s API allows crypto and blockchain projects to seamlessly integrate these tools into their platforms, enhancing security by design and safeguarding their users.

“Crypto enterprises and their users face relentless targeting by crypto scams, exposing vulnerabilities that can undermine trust and financial security,” said Daniel Chong, co-founder & CEO of Harpie. “To combat this pervasive threat, Harpie is dedicated to stopping crypto theft. We have developed an engine that empowers crypto platforms to join this effort. The assets in your crypto wallet should be as safe as the money in your bank account. We created Harpie’s Background Check API to arm Web3 projects with critical tools to build secure and scam-free crypto experiences bringing that peace of mind to users.”

The Background Check API returns human-readable security analysis of transactions, addresses, and contracts and provides security recommendations based on the data. The API tracks the latest attack vectors and has data on over 2 million known cyber criminals, honeypot addresses, and NFT wash traders.

Revoke.Cash, a popular security tool that helps users prevent common crypto scams by regularly revoking active allowances, uses Harpie’s Background Check API to power its platform’s data logs and collect the details that it shares with users before they sign allowances.

Harpie’s data engine also powers Harpie’s new Address Scanner, a free tool for individuals that allows anyone to scan an Ethereum address for suspicious or malicious activity like phishing or cybercrime. The Address Scanner examines the transaction history of a specific address, checking the address against databases of known criminals and running an analysis on transaction patterns, such as who the address has interacted with in the past.

Developers building Web3 solutions or platforms can use the Background Check API to run background checks on up to 3000 addresses daily for $450 per month. Custom API packages are available for enterprises that want to integrate the API into their platform code. Learn more about Harpie’s Enterprise API and methods and how to integrate it into Web3 projects at harpie.io/rpc/enterprise.

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As digital transformation in finance and banking continues to gain momentum, Trovata is expanding its services to meet market demand and provide support for large corporate customers. These new services include automated feeds of corporate multibank balances and transactions; API-based, direct-to-bank bulk payment processing; and automated cash forecasting using open payables and receivables.

“Trovata is bridging the gap between banks and ERP systems,” said Brett Turner, Founder & CEO of Trovata. “Accounting teams need interoperability with their banks to automate journal entries, reconciliation, forecasting, and bulk-payment processing. We’re thrilled to have Tim and Mitch join the Trovata team and bring a much needed set of integrated cash management services to large corporate treasury customers.”

In conjunction with this new offering, the company announced the hiring of Timothy Kane as Head of Global Treasury Sales & Partnerships, Enterprise ERP Vertical. Tim brings to Trovata over 20 years of banking, ERP, and corporate treasury sales experience from Citi, SAP, and, most recently from FinLync. Supporting Tim and also joining from FinLync is Mitch Thomas, Sales Engineering Director, Global Treasury.

“Legacy file-based bank feeds are limited and have changed very little over the past 30+ years. Trovata’s direct-to-bank, API-based integrated services allow companies to truly gain leverage over their cash workflows through automation using APIs, AI, and ML,” said Tim Kane. “We’re excited to drive harmony across the corporate treasury tech stack through our contemporary API integrations and data feeds.”

Trovata is backed by J.P.Morgan, Wells Fargo, and Capital One and has become the fastest-growing treasury platform in the U.S. It manages over $100 billion in cash for hundreds of mid-market & enterprise customers, including GoTo, Eventbrite, and Krispy Kreme. The company is redefining how companies manage their cash, working closely with banks using its own library of corporate banking APIs – the most extensive in the world. Customers use Trovata to visualize cash balances, analyze cash flow trends, forecast liquidity, make payments, and access investments – all through automation from bank and other financial data that it aggregates, stores, and manages.

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