2 July 2020
TreasurUp partners with Nordea
TreasurUp is delighted to announce Nordea as its new partner. Nordea is going to use TreasurUp’s FX hedging platform as a new white label service to its corporate clients in Denmark, Sweden and Norway.
“Nordea is continuously exploring opportunities to enhance its digital services and FX hedging is a vital part of that. The auto-hedging functionalities and easy-to-use front-end, will benefit our corporate clients in many aspects”, says Matti Honkanen, Head of Next Gen FX, Nordea.
Nordea and TreasurUp’s partnership is ambitious. “We have taken sufficient time to validate the solution with Nordea clients in three countries and also to learn about each other; the teams, infrastructure and necessary regulations to comply with. This gives us a good starting point to provide the best possible service to Nordea’s corporate clients”, commented Niels van Daatselaar, CEO, TreasurUp.
TreasurUp is a venture of Rabobank that is on the verge of a spinout. TreasurUp has interviewed >400 corporate treasurers, controllers and CFOs of small and medium-sized companies and learnt their work processes. The venture built a new foreign exchange hedging platform that goes far beyond the standard execution platforms that most banks offer. Currently, a treasury management software is under development. The ambition is to radically improve the online treasury services that banks can offer their corporate clients. All of TreasurUp’s modules are white label products that can be integrated seamlessly in a bank’s commercial banking portal. The modules are available via web, mobile and API’s.
Nordea is a leading financial services group in the Nordic region and one of the biggest banks in Europe. Nordea is a full-service universal bank with a total operating income of EUR 8.6 billion and total assets of EUR 554.8 billion in 2019. The group is one of the top 10 financial services companies in Europe based on market capitalisation, active in 19 countries including its four Nordic home markets – Denmark, Finland, Norway and Sweden.
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