Nordea and TreasurUp FX Hedging Partnership
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.
Nordea and TreasurUp Partnership
Nordea’s decision to deploy TreasurUp’s FX hedging platform in Denmark, Sweden and Norway reflects a broader trend across the Nordics: corporate clients expect fully digital, self‑service FX tools combined with advisory support.
By partnering with Nordea, TreasurUp strengthens its presence in one of the world’s most digital banking regions and gains valuable feedback from sophisticated treasury teams that demand intuitive workflows and automation.
Auto‑Hedging and Cash Visibility as a Single Corporate Journey
Nordea’s “Next Gen FX” strategy requires more than a pricing engine; it needs user journeys that bridge risk management and liquidity.
TreasurUp’s auto‑hedging functionality allows corporates to align their FX policy with real‑time exposures from invoices, forecasts or ERP data. When combined with the cash visibility and forecasting capabilities, banks can offer corporate treasurers a holistic dashboard: see cash across banks, understand FX risk, and execute hedges – all in one front‑end.
Why ERP Connectivity Matters for Corporate Treasurers
One of the most transformative aspects of this partnership is the seamless ERP integration that TreasurUp brings to Nordea’s corporate clients.
The platform supports connectivity to over 900 on-premises ERP systems and 20+ cloud-hosted platforms, enabling companies to automate the entire invoice-to-hedge workflow. Rather than manually uploading spreadsheets or making phone calls, treasury teams can now synchronize their bookkeeping data directly with the FX platform saving multiple hours every week on repetitive processes.
This connectivity turns what was once a fragmented, error-prone workflow into a fluid, hands-free experience. The system automatically reads invoices and orders, calculates exposures, and suggests hedges aligned with the company’s treasury policy.
Proven Results: Higher Volumes, Happier Clients
The impact of this digital transformation extends beyond convenience. Nordea has seen significant growth in FX trading volumes among clients using the platform, as the semi-automated hedging flow enables corporate users to process large order batches without errors. The intuitive interface has led to fewer operational mistakes, nearly instant hedge execution, and higher customer satisfaction scores.
As Matti Honkanen, Nordea’s Head of Next Gen FX, noted: “Larger clients are extremely satisfied with the semi-automated hedging process. For Nordea, the result of having these clients on the application is an increase of FX trading volumes and with these higher volumes, also revenues increased.”
A Scalable Foundation for Future Innovation
The cloud-based architecture of TreasurUp’s FX platform ensures that Nordea can continuously roll out new features without lengthy IT projects. From advanced analytics to additional currency products, corporate clients benefit from faster innovation cycles—keeping Nordea ahead in the competitive Nordic banking landscape. The partnership model proves that banks and fintechs working together can deliver state-of-the-art solutions faster than traditional in-house development.
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