Kyriba and 360T Join Forces to Deliver Straight-Through Processing for FX, Money Market, and Interest Rate Derivatives in the Cloud
San Diego, CA (PRWEB) October 03, 2012
Kyriba Corporation, the leader in cloud-based cash and treasury management solutions, and 360T, the leading independent global provider of a multi-bank, multi-asset trading platform, today announced a partnership to integrate 360T’s award winning, multi-dealer, foreign exchange, money market, and interest rate derivatives trading portal into Kyriba’s software-as-a-service (SaaS) platform.
This partnership extends Kyriba’s offering for cash, treasury, and risk management to provide Kyriba’s clients with the ability to manage pre-trade, trade and post-trade capabilities in a single web SaaS solution.
“We’re extremely pleased to partner with 360T and introduce its market leading multi-dealer online trading portal to our clients,” said Edi Poloniato, SVP, strategy and corporate development at Kyriba. “360T’s ability to offer multi-dealer online trading across multiple asset classes was a key differentiator for us, as well as its strengths and successes in emerging markets. It is extremely important to offer 360T’s capabilities integrated within our platform so our clients improve visibility and eliminate any manual efforts when using both Kyriba and 360T’s SaaS solutions together.”
“This partnership will greatly enhance the overall proposition to clients of both organizations,” said Alfred Schorno, member of the board at 360T. “It is important for our customers to have a complete workflow of portfolio and risk management capabilities along with our market-leading trading capabilities for FX, money market, and interest rate derivatives.”
Kyriba is the global leader in next generation treasury solutions in the cloud. We enable CFOs and finance teams to optimize their corporate treasury functions by delivering fully-integrated cash, treasury, payment, risk management and supply chain finance solutions through a user-friendly, scalable and secure SaaS platform. Kyriba improves visibility and productivity, enabling our clients to minimize risks and have better control over their treasury and finance decisions. With a client loyalty rate of over 98 percent, we support more than 700 organizations globally including market leaders such as Amway, Electronic Arts (EA), Interpublic Group, PulteGroup, Inc. and Qualcomm. For more information, contact treasury(at)kyriba(dot)com or visit http://www.kyriba.com.
About 360T Group
360T Group (http://www.360t.com), based in Frankfurt, Germany, is the leading global provider of web-based trading technology for OTC financial instruments, particularly currency exchange, short-term money market loans/deposits and interest rate derivatives. Based on its proprietary core technology, 360T’s multi-bank platform provides deep liquidity of more than 125 global and regional market makers used by over 1000 client organizations worldwide. The company also offers a professional white-label trading technology for electronic trading services to a closed group of users on a proprietary branded platform. 360T Group has a global presence with customers in more than 50 countries and offices in America, Asia-Pacific and the Middle East.