Kantox provides Citis US Commercial Bank with FX payments

Monday 7 October 2019 13:15 CET | News

UK-based B2B FX management company Kantox has announced today that it is providing Citi\s Commercial Bank with a solution for its US-based FX clients.

The software – part of Citis Dynamic Management Foreign Exchange (DMFX) initiative – also provides treasury automation for local and cross-border payments in multiple currencies for corporate and commercial bank clients.

As part of the relationship, Citi and Kantox expect to expand the FX automation services available to Citis corporate and commercial bank customers. Future offerings may include Kantoxs micro-hedging technology, Dynamic Hedging, which was recently named best risk management solution at the treasury management international awards for Innovation and Excellence.

Kantox is a fintech company building software solutions that help businesses to overcome complex FX challenges and leverage foreign currencies for growth. Kantoxs expertise and solutions allow businesses to capture FX exposure data and automate their hedging, payment and collection processes.

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Keywords: Kantox, Citi, Commercial Bank, FX payments, Dynamic Management Foreign Exchange, corporate bank, Commercial Bank, digital bank
Countries: World