Treasury tech update: Finastra, BlackLine, and more

Finastra (March 10) and the International Chamber of Commerce have partnered to tackle gaps forming in trade finance. The ICC TRADECOMM marketplace will help SMEs gain better access to capital needed for cross-border transactions, as well as allow investors to mitigate perceived risks and reduce compliance burdens.

SS&C (March 17) has launched a risk scenario and simulation service using a “Scenarios-as-a-Service” model. The service (SS&C Algorithmics ScaaS) will help businesses stress test and allow for better scenario planning and more accurate risk assessments.

Treasury Prime (February 25), a Banking as a Service firm has partnered with payments provider Marqeta allowing the latter to tap into Treasury Prime’s API. Users can now tap into both banking and card issuing services via one API.

Lisa Schreiber has joined BlackLine (March 8) as its new chief customer officer. Over the past 10 she has worked in various executive positions at Oracle. BlackLine also received an “EMEA North Partner Excellence Award 2021 For Solution Extensions – Growth” award from SAP (March 11). Blackline software works as a solution extension to SAP’s S/4Hana ERP.