Refinitiv, an LSEG company, one among the world’s largest providers of financial markets data and infrastructure along with IBSFINtech, India’s top player in Enterprise solutions, have collaborated to start InTReaX™, a brand new age-old treasury management solution for liquidity and cash management, currency risk management, and market information developed by IBSFINtech. The venture will help corporates update and enhance their treasury workflow flexibly and empower easy operations with strategic insights.
The recently launched solution will make it possible for CXOs and Treasury Heads to boost visibility, control, and transparency, mitigate operational risk, push automation, and enhance business efficiency. Smart trade management, analytics, and decision-support is extremely scalable across the entire company treasury ecosystem by obtaining strong analytics — such as management of money and foreign exchange trades, pre-trade, commerce and post-trade, derivatives valuations, and portfolio analytics. Refinitiv’s FX trading market options ecosystem will even help the companies finish end-to-end workflows for trading currency.
Treasury Heads and CXOs faced challenges in 2020 with the beginning of the pandemic and the change into remote working, increasing counterparty risks, and exceptionally volatile markets. Adopting automatic treasury management alternatives has become a vital catalyst for hazard management and effective business plans. Corporate leaders in India recognize the demand for professionally handled and automatized treasury purposes and therefore are getting more digitally innovative and data-first. Refinitiv and IBSFINtech’s strategy will play a critical part in this development.
“We’re thrilled to enter into this strategic partnership with Refinitiv to encourage the corporate treasury business in India since it continues to evolve. Together with our SaaS TMS, InTReaX™, driven by Refinitiv analytics and data, we imagine strengthening each corporate treasury helping to transform the tactical power-center of their organization. Our On-Premise system is reliable by big corporates throughout the nation, and our vision is to expand with this brand new era of SaaS TMS,” stated CM Grover, Managing Director and CEO in IBSFINtech.
“Our venture with IBSFINtech is an exciting step towards equipping new treasury with strong technology. CXOs and treasury heads are now able to confidently strengthen their tactical decisions on a worldwide level with precise info on corporate governance, which embeds internal compliances. Now’s hazard management policies help fight the volatility of international exchange exposures, and we need to operate in tandem with this target by giving accessibility to Refinitiv Data Scope Select instruments and Refinitiv Eikon research,” said Gautam Verma, Head of South Asia, Data & Analytics in LSEG.