CORE Process Finance & Treasury strengthens its position as a leading provider of fintech solutions for international companies in the Nordic market by partnering with Kantox, a leader in foreign exchange (FX) management solutions.
Through the agreement, CORE Process extends its offerings by adding Kantox’s award-winning solutions, confirming its commitment to providing innovative financial and treasury technology to clients.
Kantox’s Dynamic Hedging solution solves some of the biggest pain points faced by corporate treasurers: effective currency management. The solution provides greater visibility over FX exposure and hedges transactions in real-time. Using Straight-Through Processing (STP), the entire FX risk cycle is automated without the need for manual intervention.
“By partnering with Kantox in the Nordic market, we will accelerate our push to provide corporate clients with automated FX risk management solutions that bring stability and efficiency”, says Lars Beckman, CEO of CORE Process.
“This partnership enables us to enhance the importance of technology platforms to corporate clients who are more and more aware of the need to handle FX trading in a reliable manner, with integrated security and compliance”, he concludes.
Philippe Gelis, CEO & Co-founder at Kantox comments, “Our partnership with CORE Process allows us to reach more companies in the Nordic market that are seeking innovative solutions to common treasury pain points.”
He adds, “Efficient currency management can be a game-changer when applied properly. Our STP solutions enable companies to protect their margins against currency fluctuations and leverage currencies to increase competitiveness.”