In December 2023, TreasurUp undertook a strategic change that has clearly resonated with our bank clients and is underpinning an intensity of new opportunities.
European banks were initially introduced to TreasurUp as a specialist provider of white-label FX front-ends targeted at Corporate and Commercial customer segments. Since then, both existing bank clients as well as new prospects have asked us to design and develop new, complementary solutions that is shaping the new TreasurUp.
Together with one of our bank clients in Scandinavia, we have recently launched a self-service cross-currency target balancing module which has garnered terrific feedback from both the bank and its Corporate clients during the pilot phase. Additionally, TreasurUp has introduced a completely new approach to cash visibility and cash flow forecasting, that banks can deploy to enrich their value proposition. Providing some decision support and analytical capability alongside conventional account information displays. With what we have learned through the course of 2024, TreasurUp remains intently focused on helping our clients to grow their Commercial Banking business.
What’s new in TreasurUp?
During the last two quarters, TreasurUp has been engaging with some new relationships and through these has begun to create some product concepts that have tremendous potential. We are now looking past the obvious transactional capability required for business clients and are designing workflows that enable investment mandates to be executed across deposits, bonds, repos and commercial paper. Clients of banks can define their mandate permissions or restrictions, based on an investment policy that our UI workflow makes easy to establish. Investible capital can be allocated and transacted across an optimized portfolio mix with an easy click and confirm, simplifying processes and providing an audit trail that can be reviewed in line with investment risk preferences.
TreasurUp is also working closely with Movitz Payments to design the ultimate cross-border payments experience that banks could offer to their company clients. This includes country-specific compositions of screens and confirmation of payee based on beneficiary details. It has the flexibility to incorporate both static or live streaming FX rates and FX Forward draw down options. Increased flexibility in workflow that banks are seeking to deliver to Corporate clients.
Last but not least, TreasurUp is going global. As of August 2024, we will have two dedicated relationship managers covering banks in the US and Canada. Knowing that our existing team has strong relationships in Europe and APAC, we can now offer full global coverage for banks that are planning on uplifting their Digital solutions.
Evolving Beyond FX: A Comprehensive Treasury Suite
TreasurUp undertook strategic changes that have clearly resonated with bank clients and opened new opportunities across Europe and beyond. While banks initially knew TreasurUp as a specialist provider of white-label FX front-ends for corporate and commercial segments, both existing clients and new prospects have requested complementary solutions that now define the evolved platform.
This expansion reflects a fundamental market shift: corporate treasurers want integrated experiences rather than siloed point solutions. Banks that can deliver unified risk and liquidity management through a single interface gain a competitive advantage and deeper client relationships.
Cross-Currency Target Balancing: A Breakthrough Innovation
Working closely with a Scandinavian bank client, TreasurUp recently launched a self-service cross-currency target balancing module that has garnered exceptional feedback during the pilot phase. This capability allows corporate clients to define policy settings that the system executes automatically, checking real-time balances, triggering transfers or trades, and instantly settling top-ups or sweeps without manual intervention.
Additionally, TreasurUp has introduced a completely new approach to cash visibility and cash flow forecasting that provides decision support and analytical capability alongside conventional account information displays. These innovations help banks move beyond basic transaction services toward genuine treasury advisory partnerships.
Investment Mandates and Global Expansion
Looking ahead, TreasurUp is designing workflows that enable investment mandates to be executed across deposits, bonds, repos, and commercial paper. Clients can define mandate permissions based on investment policy, allocate capital across an optimized portfolio mix, and maintain full audit trails aligned with risk preferences. This transforms banks from deposit-takers into active investment partners.
The company is also going global. As of August 2024, dedicated relationship managers cover banks in the US and Canada, complementing strong existing relationships in Europe and APAC. Combined with the Movitz Payments partnership for world-class cross-border payment experiences, TreasurUp now offers complete global coverage for banks planning digital uplifts.