Trovata, the leading fintech in automating cash workflows through multi-bank API data aggregation for corporate finance and treasury teams, announced today a global distribution agreement with Santander. Through the partnership, Santander will market & refer Trovata’s cash management platform to its corporate & investment banking clients to modernize treasury workflows through data-driven automation.
„With Trovata’s next-gen platform, Santander offers its clients a way to digitally transform its cash operating workflows – automated cash reporting, deeper insights into analyzing historical cash flows, and a contemporary labeling mechanism that uses artificial intelligence to model out future cash flows in seconds,” according to the press release.
Eva Bueno, managing director & global head of cash management for Banco Santander, said: “We are really thrilled to bring to our clients the most advanced technology on the market for cash forecasting and liquidity management. Our purpose at Santander is to help our customers grow with the best solutions available. Trovata aggregates and transforms corporate banking data at scale and that automates much of the cash forecasting process, which will allow our clients to gain efficiency.”
Since February 2018 and coined as “open banking,” the world’s largest financial institutions have been releasing APIs for direct access. In this way, as opposed to static files, balances and transactions are transmitted much more dynamically, in real time and richer in metadata. Trovata has been there every step of the journey to help the bank’s clients connect. As a result, it has become the world’s largest API-based aggregation hub for corporate bank data with its next-gen Treasury Cloud™ platform.
“We’re excited to partner with Santander to expand outside the U.S. and deploy Trovata for the bank’s clients in key markets within Europe and Latin America,” said Brett Turner, Founder & CEO for Trovata. “Cash forecasting with greater visibility, agility, speed, and precision is not only critical, but universal. With data-driven automation, we not only want to make this possible, but available and accessible for every business throughout the world.”
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Trovata makes it easy for businesses to automate cash reporting, forecasting, analysis, and money movement. By bridging the gap between banks and accounting systems, Trovata helps companies gain powerful insights into their cash flows and facilitate better and quicker business decisions. As a next-gen technology platform, Trovata is helping many of the world’s largest financial institutions digitally transform commercial and corporate banking with its growing network of direct API integrations. Trovata is based in San Diego, CA.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
