Trovata Acquires ATOM, Unlocking Full Treasury Management Capabilities to Redefine Corporate Treasury
SAN DIEGO, July 24, 2025 /PRNewswire/ -- Trovata, the next-generation multibank data platform powering cash and liquidity management for today's leading companies, announced its acquisition of ATOM, the enterprise Treasury Management System (TMS) developed by Financial Sciences Corporation. This move marks a bold step forward in Trovata's mission to modernize and democratize treasury technology, unlocking the full capabilities required to serve large global enterprises.
With ATOM's deep treasury feature set—including support for debt and investment instruments, intercompany transactions, in-house bank support, credit facilities, FX hedging, full domestic and international payment workflow, bank fee analysis and bank account management—fully integrated into Trovata's cloud-native platform, Trovata becomes the first modern, viable TMS alternative to the legacy incumbents. The combined offering delivers unprecedented scale, flexibility, and performance for corporate finance and treasury teams seeking to modernize.
Trovata also announced a $9 million strategic extension to its Series B round from new investors State Street Corporation and The PNC Financial Services Group, Inc. This brings the company's total funding to $80 million, with over $50 million previously raised from a consortium of some of the world's largest financial services companies, including J.P. Morgan, Wells Fargo, National Australia Bank, Capital One Ventures, and Mastercard.
"There hasn't been a new TMS built in nearly three decades," said Brett Turner, Founder and CEO of Trovata. "We pioneered corporate banking APIs and the only true cloud-native treasury platform in the market with meaningful scale. Now, with ATOM, we have the firepower to compete directly with the legacy incumbents—and replace them. This isn't just expansion. It's a generational shift in treasury tech."
Alf Newlin, Co-Founder and CEO of Financial Sciences, added: "ATOM was built for complexity and designed to serve Fortune 500 treasury teams with global scale. Combining our comprehensive and battle-tested treasury system with Trovata's platform architecture and bank distribution model creates a solution that's both powerful and unmatched."
Unlike legacy platforms that are cloud-hosted but not cloud-native, Trovata was built from the ground up on a microservices architecture that's entirely serverless. Its infrastructure deploys in minutes—not months—and scales instantly, whether through direct enterprise engagement or its network of preferred banking partners.
In a space overdue for reinvention, Trovata is setting a new standard. Its integrated platform—powered by AI, APIs, and now a full TMS suite—is transforming how companies manage cash and risk to make better and faster decisions.
About TrovataTrovata is reengineering the way companies manage cash. No spreadsheets. No legacy systems. Just real-time visibility, intelligent forecasting and analysis, and seamless money movement—all in one unified platform. As the first cloud-native treasury platform built on corporate banking APIs and AI, Trovata partners with the world's largest financial institutions to deliver next-gen digital experiences for corporate finance and treasury teams at scale.
Learn more at www.trovata.io and follow us on LinkedIn.
Media ContactRida Khanrida.khan@trovata.io
View original content to download multimedia:https://www.prnewswire.com/news-releases/trovata-acquires-atom-unlocking-full-treasury-management-capabilities-to-redefine-corporate-treasury-302511269.html
SOURCE Trovata
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
ATOM Rebounds Sharply After Sudden Drop, Fueled by Volume Surge and Ecosystem News
Cosmos' ATOM token staged a swift recovery during a volatile 23-hour stretch from August 5 at 15:00 UTC to August 6 at 14:00 UTC. After plunging from $4.236 to $4.133 in just one hour early August 6, ATOM rebounded to $4.235 by 05:00. The rally was backed by a surge in trading volume to 1,046,473 units—worth approximately $4.38 million—well above the 24-hour average of 708,926 units. Buyers defended key support at $4.149, with bullish momentum carrying into the session close. In the final hour, ATOM climbed from $4.178 to $4.206, a 0.67% rise, as volume spiked to 59,513 units—about $250,000 in value—at 14:02 UTC. The move confirmed a breakout above the $4.20 resistance level. Catalyzing the recovery was news that Coinbase added COSMOSDYDX to its listing roadmap, signaling growing institutional interest in the Cosmos SDK ecosystem. The listing, tied to the dYdX decentralized derivatives exchange, highlighted renewed confidence in Cosmos-based infrastructure projects. With macro sentiment improving and volume surging during key reversal periods, ATOM's price action suggests building momentum across the broader Cosmos ecosystem—even amid wider crypto market turbulence. Technical Indicators Breakdown ATOM swings wildly during 23-hour period from August 5 15:00 to August 6 14:00. Range hits $0.12, representing 3% between $4.24 maximum and $4.13 minimum. Token crashes from $4.24 to $4.13 during August 6 03:00-04:00. Recovery surges to $4.24 at 05:00. Volume explodes to 1,046,473 units, crushing 24-hour average of 708,926. High-volume support builds around $4.15. Final 60 minutes from August 6 13:08 to 14:07 show bullish momentum. Sustained uptrend drives price from $4.18 to $4.21, gaining 1%. Volume spikes hit 59,513 units at 14:02. Breakout confirms above $4.20 resistance established earlier. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 hours ago
- Yahoo
Mueller Water Products Inc (MWA) Q3 2025 Earnings Call Highlights: Record Sales and Raised ...
Release Date: August 05, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Mueller Water Products Inc (NYSE:MWA) achieved record consolidated net sales, gross margin, and adjusted EBITDA in the third quarter. Net sales increased by 6.6% due to strong performance in repair products and resilient end markets. The company reported a significant sequential improvement in gross margin by 320 basis points. Mueller Water Products Inc (NYSE:MWA) successfully mitigated the impact of tariffs through manufacturing efficiencies and targeted pricing actions. The company raised its annual guidance for 2025 net sales and adjusted EBITDA, indicating strong future performance expectations. Negative Points The company faced challenges from recently enacted tariffs, which impacted pricing and costs. Foreign currency fluctuations, particularly the depreciation of the US dollar against the Israeli shekel, negatively affected financial results. There was a decline in service brass volumes due to backlog normalization and customer destocking. The residential construction market showed signs of slowing, which could impact future sales. Mueller Water Products Inc (NYSE:MWA) anticipates continued higher tariffs into 2026, requiring ongoing mitigation efforts. Q & A Highlights Warning! GuruFocus has detected 5 Warning Signs with ATOM. Q: Could you provide an overview of the current state of the end markets, particularly the utility and residential sectors? A: (Marty Zakki, CEO) In the residential market, we anticipated a slowdown in activity, particularly in single-family housing starts, due to macroeconomic uncertainties and high interest rates. This aligns with our previous guidance. For the municipal repair and replacement market, it remains strong, driven by the need to repair aging infrastructure, and funding for these projects continues to be available despite higher interest rates. Q: Regarding margins, is the FX headwind in the WMS segment a one-time issue, and how should we view margins moving into next year? A: (Melissa Rasmussen, CFO) The FX headwind was significant in Q3 due to a 10% decrease of the USD versus the Israeli shekel. For Q4, we expect margins to improve as we continue to benefit from manufacturing efficiencies and targeted pricing actions to offset tariffs. We anticipate these improvements to carry into 2026. Q: Can you elaborate on the impact of the legacy brass foundry closure on gross margins and the tariff impacts? A: (Paul McAndrew, President and COO) We expected 80-100 basis points of margin improvement in the second half of the year from the closure of the legacy brass foundry. The tariff impact was significant, particularly in our special valve business, but we have implemented targeted pricing actions to mitigate this. Q: How are you approaching pricing actions in light of the tariffs, and have you seen any pre-buying from customers? A: (Paul McAndrew, President and COO) We have implemented targeted pricing actions in response to tariffs, particularly in our specialty valve and repair products. We have not observed any significant pre-buying from customers in anticipation of price increases. Q: What is the status of the infrastructure bill's impact on your business, and how does it affect your capital expenditure plans? A: (Marty Zakki, CEO) We did not anticipate benefits from the infrastructure bill in 2025, and it has been slower than expected. However, the need for investment in aging water infrastructure remains. We plan to invest in our mature iron foundries to increase efficiencies and prepare for future growth, with higher capital expenditures expected in 2026 and 2027. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 hours ago
- Yahoo
ETF Flows Surge, Shrug Off Small-Cap Exodus: State Street
Investment inflows surged to $121 billion in July, maintaining a record-setting pace that could deliver $1.3 trillion in annual exchange-traded fund flows despite persistent weakness in small-cap strategies, Matthew Bartolini, head of Americas ETF research at State Street Investment Management, wrote in a recent report. The July inflows pushed total 2025 ETF flows to $677 billion, keeping the industry on track for its first trillion-dollar year, according to the report. Total ETF assets have already reached a record $11.8 trillion. Behind the Surge The surge comes as global equities gained 1.3% in July, with U.S. stocks climbing 2.2% and international markets declining 0.4%, Bartolini noted in the report. Bonds fell 0.3% as rates rose on stubborn inflation and deficit concerns. ETF flows broke down across asset classes with equity strategies capturing $81.5 billion and fixed income taking $23.8 billion in July, according to State Street Corp. (STT). Alternative strategies attracted $12.6 billion, while commodities added $2.3 million. Non-U.S. equity ETFs captured 30% of equity flows despite representing just 19% of assets, marking a reversal from 2024 when U.S. equity ETFs took 86% of all equity flows, according to Bartolini, signaling a shift toward international diversification. Record Inflows Mask Small-Cap Weakness U.S. small-cap ETFs lost $6.6 billion in July, marking their seventh-consecutive month of outflows and bringing year-to-date redemptions to $20 billion, according to the report. The streak represents a record for sustained negative activity in the category. Rolling three- and six-month small-cap flows have reached their worst levels on record, coinciding with small-caps lagging large-caps by 9% this year and 17% over the past 12 months, State Street data show. The outflows reflect headwinds from elevated interest rates, uncertain macro conditions with potential growth-negative tariff impacts and weak profitability trends, as 34% of small-cap companies remain unprofitable, Bartolini wrote. Bond Inflows Hit Record Pace Bond ETF flows reached $200 billion for 2025 in record time, hitting the milestone in July compared to September in 2024, Bartolini said. The firm projects bond ETF flows could reach $380 billion by year-end, surpassing 2024's record of $300 billion. Credit sector bond ETFs added $2 billion in July, led by $3 billion into high-yield strategies, while investment-grade corporate bonds experienced outflows, according to the data. Convertible bond ETFs posted $572 million in inflows, their largest monthly total in over two years. Active ETF strategies continued their dominance with $45.3 billion in July inflows, bringing year-to-date totals to over $263 billion and representing 39% of all ETF flows, the report showed. Low-cost passive strategies captured $321 billion, or 47% of flows. Thematic ETFs rebounded with $3.8 billion of flows in July, the largest monthly inflow since 2021, driven primarily by robotics and artificial intelligence strategies that captured $1.3 billion, Bartolini | © Copyright 2025 All rights reserved
