LBBW TreasurUp Online FX Hedging
TreasurUp has signed a cooperation agreement with Landesbank Baden-Württemberg (LBBW). The aim is to introduce a digital solution for foreign exchange risk management, especially targeted at small and medium-sized corporate customers. LBBW will make this online hedging service available to both corporate customers of the Sparkassen-Finanzgruppe as well as its own customers.
Full press release on the LBBW website.
“With TreasurUp as a partner, we are taking another big step in expanding the range of digital services for customers of the savings banks and our own customers,” says LBBW Board Member responsible for capital markets business, Dr. Christian Ricken.
“Flexible, easily accessible solutions are more important than ever for our competitiveness – precisely because more and more people are working on the move. With the TreasurUp solutions, we are going to benefit from latest technology.” adds Christian Sagerer, Head of the Financial Institutions & Corporates division at LBBW.
LBBW is one of the largest providers in Germany in this business area. Last year LBBW has expanded its strong position within the savings banks by taking over the interest rate, foreign exchange and commodities risk management business from BayernLB.
Strengthening Digital Capabilities for the German Savings Banks Network
LBBW is a major risk management provider for the German Sparkassen‑Finanzgruppe. By adopting TreasurUp’s online FX hedging platform, LBBW can extend modern, self‑service FX tools not only to its own corporates but also to savings banks’ clients across the network.
This partnership mirrors other collaborations described in the KBC and Nordea press releases, showing how TreasurUp adapts its white‑label platform to different regulatory and infrastructure environments while maintaining a consistent, user‑friendly front‑end.
Reaching the German Mittelstand with Scalable Technology
LBBW is Germany’s largest Landesbank with €356 billion in total assets, serving as the central bank for Sparkassen in Baden-Württemberg, Saxony, and Rhineland-Palatinate. By choosing to partner with TreasurUp rather than build in-house, LBBW achieved a live digital FX hedging service within just six months, a timeline that internal development could never have matched.
The cloud-based platform requires no local installation, enabling rapid deployment across the entire Sparkassen network without complex IT projects.
This approach delivers what German SMEs need most: a self-service FX risk management solution that automatically identifies currency exposures from accounting data and executes hedges within seconds.
Measurable Impact: Efficiency and Client Satisfaction
The results speak for themselves. LBBW has reported saving over a thousand man-hours per year in transaction processing since moving FX flows from phone to online channels. End-users have given the platform a CSAT score of 4.4 out of 5, while LBBW itself rated TreasurUp 9 out of 10 for overall satisfaction.
Rainer Widmann, Manager of FX, Rates, and Commodities at LBBW, confirmed: “TreasurUp is a very, very, very stable and reliable platform—we have hardly ever encountered any issues.” The bank has seen a significant increase in trading flow, reinforcing the commercial value of digital treasury management for mid-market corporates.
Connecting FX Hedging with Broader Treasury Journeys
For many SMEs, FX exposure is just one piece of the treasury puzzle. LBBW’s cooperation with TreasurUp opens the door to adding additional modules over time – such as cash visibility or cash flow forecasting.
By integrating these journeys within the bank’s existing channels, LBBW can move from selling standalone FX products to supporting clients’ broader risk and liquidity strategies, reinforcing its role as a long‑term strategic partner rather than a transaction provider.
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