Treasury tech update: Deutsche Bank, Bottomline Technologies, Citi and more…

(May 04) Citi is extending its instant payments offering to the Single Euro Payments Area (SEPA). The launch will provide clients with the ability to pay to and receive from 36 SEPA zone countries instantly, with SEPA Credit Transfers actioned within seconds on a 24/7 basis, and funds available to recipients immediately.

(May 13) Enterprise payments software group Bottomline Technologies has been acquired by Thoma Bravo, a software investment firm, in an all-cash transaction valued at approximately $2.6bn. Bottomline also announced that Craig Saks, previously President of the firm, is taking over as CEO from Rob Eberle.

(16 May) Finastra has announced a partnership with Mindtree, a technology services company to bring Finastra’s Fusion Payments To Go payments technology to banks in the Nordics, the UK and Ireland, as a managed service. Fusion Payments To Go offers scalable payments processing and clearing functionality, with automated and rapid onboarding for financial institutions, via open APIs.

(May 18) Deutsche Bank has joined forces with Finlync, a financial solutions provider for corporate finance firms and treasury offices. Deutsche Bank aims to leverage FinLync’s API expertise to accelerate adoption of real-time treasury among corporate clients, reducing IT efforts and time spent for treasurers connecting to the bank’s APIs.

(May 25) Citi also announced the launch of new deposit solutions designed to support clients in investing excess cash as part of their sustainability agenda. The two new deposits – Sustainable Time Deposit (STD) and Sustainable Minimum Maturity Time Deposits (MMTD) – aim to deliver competitive yields and are based upon Citi’s green and social bond frameworks.