Refinitiv in Indian Collaboration for Treasury Solution

Refinitiv has unveiled a collaboration with India’s IBSFintech to launch InTreaX, an automated treasury management solution.

The firms say treasury Heads and CXOs (chief experience officers) 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. They add that corporate leaders in India are recognising the need for professionally managed and automatised treasury functions and are becoming more digitally advanced and data-first. Unsurprisingly, they believe the new solution will play a pivotal role in this development.

The solution will enable CXOs and treasurers to enhance visibility, transparency and control; mitigate operational risk; drive automation; and improve business efficiency, the firms explain. The transaction management, analytics and decision-support is scalable and configurable across the whole corporate treasury ecosystem by accessing 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 their FX trading.

“Our partnership…is a step towards simplifying modern treasury with robust technology,” says Gautam Verma, head of south Asia, data & analytics at LSEG, which owns Refinitiv. “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.”