Expanded Treasury Solutions for DNB Bank's corporate clients

DNB Group has selected the treasury management solution (TMS) from TreasuryXpress, to power their online treasury and cash management offerings to corporate clients.

The partnership means users will now be able to simply log on to their online banking portal and access easy-to-use, functionally-rich, treasury management and reporting tools.

Anders Grevstad, Executive VP Category and Transaction Banking at DNB Group commented: “Our clients trust us to deliver solutions that make their banking and treasury management easier. TreasuryXpress provides the engine that allows us to do this.

“We chose TreasuryXpress because of the quality of their solution as well as their flexibility. By partnering with this leading technology innovator, we will continue to add valuable treasury services to our clients now and in the future.”

Tom Leitch, Chief Operating Officer at TreasuryXpress said: “Corporate banking clients want reliable, easy-to-use, online treasury tools to simplify their manual daily tasks and streamline their operations. As an innovator and leader in the financial services landscape, DNB have made this experience a reality for their clients.”

On-demand TMS model

According to Leitch, there was great emphasis on processing performance during the development process, resulting in a highly secure, highly scalable solution that can easily be implemented by the customers and reliably deployed “en masse.”

“This is a very exciting time for TreasuryXpress,” concludes Leitch. “Our solution has been selected by hundreds of corporate treasury teams around the globe.  Now, through our partnership with DNB, we see further validation that on-demand treasury technology is highly needed and widely accepted in the industry.  Our vision at TreasuryXpress has always been to provide treasury teams with access to advanced, simple-to-deploy, easy-to-use technology.  We are pleased that more of the market will now have access to this type of experience.”

Built for speed and efficiency, TreasuryXpress’ on-demand TMS model delivers high-volume user deployment and performance. Powered by sustainable, digital technology, TreasuryXpress’ on-demand treasury management software model is characterized by a frequent and controlled Agile development methodology, immediate logon access for clients, short implementation times, responsive performance, and digital integrations and connectivity.

Faster growing service lines in the Nordics

Delivering a market-ready white label solution requires considerable market and technology expertise. DNB and TreasuryXpress have worked together in order to create a solution that is compliant with Nordic standards.

Challenged with disruption from new technologies, increasing regulatory intricacies and an exclamation for greater financial transparency, companies all over the world are seeking ways to fix and enhance their finance operations. This is lifting demand for external support, with finance & risk consulting among the faster growing service lines in the Nordics, mirroring developments seen elsewhere across Europe.

Last month, TreasuryXpress announced two partnerships regarding its treasury solutions. The firm unveiled a partnership with FXD Capital, a money broker and deposit specialist, to empower corporate treasurers and finance directors to achieve comprehensive cash visibility and improve the way they manage their unused cash, while ASGC Group selected TreasuryXpress to help centralize high volume transaction management in order to achieve comprehensive treasury visibility and centralized payment processing.