MUMBAI: Refinitiv, an LSEG business, one of the world’s largest providers of financial markets data and infrastructure and IBSFINtech, India’s leading player in Enterprise solutions, have collaborated to launch InTReaX™, a new age automated treasury management solution for cash and liquidity management, currency risk management, and market insights developed by IBSFINtech. The partnership will help corporates modernize and automate their treasury workflow flexibly and enable smooth operations with strategic insights.
The newly launched solution will enable CXOs and Treasurers to enhance visibility, transparency and control; mitigate operational risk; drive automation; and improve business efficiency. The intelligent transaction management, analytics and decision-support is highly scalable and configurable across the whole corporate treasury ecosystem by accessing powerful analytics – including management of cash and foreign exchange transactions, pre-trade, trade and post-trade, derivatives valuations and portfolio analytics. Refinitiv’s ecosystem of FX trading market solutions will also help the businesses to complete end-to-end workflows for trading forex.
Treasury Heads and CXOs faced challenges in 2020 with the onset of the pandemic and the shift to remote working, rising counterparty risks and extremely volatile markets. The adoption of automated treasury management solutions has become an essential catalyst for risk management and successful business strategies. Corporate leaders in India are recognizing the need for professionally managed and automatized treasury functions and are becoming more digitally advanced and data-first. Refinitiv and IBSFINtech’s solution will play a pivotal role in this development.
“We are thrilled to enter into this strategic partnership with Refinitiv to support the corporate treasury industry in India as it continues to evolve. With our SaaS TMS, InTReaX™ powered by Refinitiv data and analytics, we envision strengthening every corporate treasury helping to transform the strategic power-center of the organization. Our On-Premise platform is trusted by large corporates across the country and our vision is to expand with this new age SaaS TMS,” said CM Grover, Managing Director and CEO at IBSFINtech.
“Our partnership with IBSFINtech is an exciting step towards simplifying modern treasury with robust technology. CXOs and treasury heads can now confidently strengthen their strategic decisions at a global level with accurate information on corporate governance that embeds internal compliances. Today’s risk management policies help combat the volatility of foreign currency exposures and we intend to work in tandem with this goal by providing access to Refinitiv Data Scope Select tools and Refinitiv Eikon research,” said Gautam Verma, Head of South Asia, Data & Analytics at LSEG.
For more information on Refinitiv’s Corporate Treasury Solutions, please visit here.
About IBSFINtech India Pvt Ltd
IBSFINtech is India’s fastest-growing Fintech company, leading the digitalization of Cash & Liquidity, Treasury, Risk and Trade Finance Management® (TRTFM®) for the Corporates. One of the Top 10 TRTFM® globally, the company is the leading technology vendor in this space in the Indian market. Prestigious list of clientele is spread across verticals and geographies, including, JSW International Tradecorp Pte Ltd (Singapore), IMR Metallurgical Resources AG (Switzerland), Bluestar Ltd, Polycab Ltd, Olam Agro India Ltd, Maruti Suzuki India Ltd, JSW Steel, Future Group, HCL Corp Group, Mahindra & Mahindra, Sonalika (International Tractors Ltd), Snapdeal and more. For more details visit: www.ibsfintech.com
About Refinitiv
Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. With more than 40,000 customers and 400,000 end users across 190 countries, Refinitiv is powering participants across the global financial marketplace. We provide information, insights, and technology that enable customers to execute critical investing, trading and risk decisions with confidence. By combining a unique open platform with best-in-class data and expertise, we connect people with choice and opportunity – driving performance, innovation and growth for our customers and partners. For more information visit: www.refinitiv.com
CONTACTS
Nidhi Modi
Assistant Vice President – Public Relations and Branding
IBSFINtech
Phone: +919591599720 Email: nidhi.modi@ibsfintech.com
Stuti Singh
Corporate Communications, South Asia
Refinitiv, LSEG