BNP Paribas announces strategic partnership with fintech firm

BNP Paribas announces a strategic partnership with Kantox

BNP Paribas

BNP Paribas announces strategic partnership with fintech firm. Source: shutterstock.com

BNP Paribas announces its strategic partnership with Kantox, a fintech specializing in 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. Dynamic Hedging is an innovative software solution developed by Kantox, which allows corporate treasurers to fully automate FX workflows. The solution will complement the product suite available on Centric, BNP Paribas’ digital banking platform.

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, formalizing hedging practices and optimizing 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. We look forward to a successful partnership
Xavier Gallant, Co-Head of Corporate Rates, FX and Local Markets Sales EMEA at BNP Paribas

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