Latest news with #treasuryManagement
Finextra
2 days ago
- Business
- Finextra
Finastra upgrades KTP treasury platform
Finastra, a global leader in financial services software, today announced enhancements to its KTP treasury management software. 0 The new functions enable corporate treasurers to execute front-to-back trades fully within the system, as opposed to needing to access multiple tools, driving greater efficiencies including faster time to market, simpler user experience, as well as error reduction. Eric Aillet, Principal Product Manager at Finastra said, 'In today's complex environment, treasurers need simple solutions to manage day-to-day operations. The updates to our Finastra KTP Corporate Treasury Innovation solution take full advantage of Finastra's advanced technology stack and first-hand feedback from former treasurers, empowering our customers with a system which champions a proactive approach to treasury management.' Treasurers benefit from an end-to-end management solution, removing the need to juggle individual functions from multiple systems (including execution, position keeping, and confirmation matching). Natively integrated with 360T and Finastra CMS, users can configure workflows to automate the processes from deal execution through to confirmation and settlement. The cloud-enabled platform now includes web-based, real-time dashboards, designed to support treasurers day-to-day with a consolidated view of liquidity and financial positions, offering a more intuitive and simpler user experience and providing greater consistency across geographies. Based on a responsive design, the solution is inherently business process-oriented, reducing the learning curve. The dashboard updates also contribute to reliability, providing monitoring tools for error management. For example, with Finastra technology the risk of accidentally inverting the direction of a transaction is dramatically reduced, as is the risk of double entries, inherent when multiple systems are in play. A dashboarding engine delivers an easy-to-configure report engine, integral for customizing decision-making and managerial reports. With compliance also being an important consideration, the KTP platform includes the ability for treasurers to check directly with the front-office to ensure best execution. The enhancement is part of Finastra's ongoing commitment to helping its corporate treasurer customers meet changing market demands.
Finextra
22-05-2025
- Business
- Finextra
HSBC introduces tokenised deposit service in Hong Kong
Ant International today announced its collaboration with HSBC on the bank's new Tokenised Deposit Service in Hong Kong. 0 The service will support treasury management with real-time, always-on HKD and USD payments between corporate wallets held by a corporate client at HSBC Hong Kong. The Tokenised Deposit Service is also the first bank-led, blockchain-based settlement service in Hong Kong. The launch comes after a successful pilot test between HSBC and Ant International on Ant's Whale platform, which has been rolling out blockchain-based payments and tokenised deposits solutions with various bank partners. Following the pilot test, HSBC adapted the learnings from the joint innovation into its Tokenised Deposit Service, with Ant International as the pioneer client. As the first client to utilise the Tokenised Deposit Service, Ant International has successfully completed an instant intra-group fund transfer via the service. It initiated the transaction via its internal global treasury management platform, the Whale platform, digitising its USD deposits with HSBC into digital tokens on the bank's secure distributed ledger. One of the core products developed by the Platform Tech team under Ant International's Embedded Finance business, the Whale platform is a next-generation treasury management solution that utilises blockchain technology, including advanced encryption and AI, to improve the efficiency and transparency of funds transfer between Ant International's intragroup entities for real-time global treasury management. In 2024, more than a third of Ant International's transactions were processed on-chain via the Whale platform. The Whale platform currently supports multiple tokenised assets from leading banks and institutions around the world, enabling interoperability across diverse blockchain networks. By leveraging leading DLT technologies such as homomorphic encryption and zero-knowledge proofs, the Whale platform encrypts transaction information and enables multi-party verification in an encrypted state, ensuring secure, confidential, and seamless cross-chain transactions. Ant International's collaboration with HSBC on tokenised deposits expands a longstanding partnership since 2020. In October 2024, Ant International and HSBC also completed a successful HKD-denominated cross-bank experiment under the Hong Kong Monetary Authority's Ensemble Sandbox. 'We are very excited to work with an industry leader like HSBC, who shares the belief that tokenisation is the key to bridging the stability of traditional banking with the efficiency of blockchain, to enable real-time treasury management," said Kelvin Li, General Manager of Platform Tech at Ant International. 'As a tech connector in the fast-evolving financial services industry, our banking partnerships are expanding from tokenisation to AI-driven global FX and liquidity initiatives. We look forward to working with more public and private-sector partners to unlock more transparent, accessible and efficient treasury management solutions for businesses worldwide.'
