Refinitiv, an LSEG business and a leading provider of financial markets data and infrastructure, announced today that it has partnered with IBSFINtech, a leading enterprise solutions provider based in India, to launch InTReaX, a new age automated treasury management solution.
According to the official announcement, the newly launched InTReaX will automate cash and liquidity management along with currency risk management. InTReaX will increase visibility and transparency.
Refinitiv highlighted different challenges faced by Treasury Heads and CXOs in 2020 due to the pandemic and extremely volatile markets. Additionally, the company mentioned the need for automated treasury management solutions for risk management and effective business strategies.
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Commenting on the latest announcement, Gautam Verma, Head of South Asia, Data & Analytics at LSEG, said: “Our partnership with IBSFINtech is an exciting step towards simplifying modern treasury with robust technology. CXOs and treasury heads can now confidently strengthen their strategic decisions at a global level with accurate information on corporate governance that embeds internal compliances. Today’s risk management policies help combat the volatility of foreign currency exposures, and we intend to work in tandem with this goal by providing access to Refinitiv Data Scope Select tools and Refinitiv Eikon research.”
In March 2021, Refinitiv collaborated with MarketsMojo, India’s algorithm-based fintech, and financial advisory platform.
During the latest announcement, Refinitiv mentioned that the company has formed a partnership with IBSFINtech to facilitate the corporate treasury industry in India. “We are thrilled to enter into this strategic partnership with Refinitiv to support the corporate treasury industry in India as it continues to evolve. With our SaaS TMS, InTReaX powered by Refinitiv data and analytics, we envision strengthening every corporate treasury helping to transform the strategic power-center of the organization. Our On-Premise platform is trusted by large corporates across the country and our vision is to expand with this new age SaaS TMS,” CM Grover, Managing Director and CEO at IBSFINtech, commented.
Earlier this week, LSEG announced the appointment of Andrea Remyn Stone as Group Head of Data and Analytics and mentioned that Refinitiv Head David Craig will leave the Group by the end of 2021.