Santander to market Trovata’s cash management platform to its corporate clients
Fintech firm Trovata announced today a global distribution agreement with Santander. Through the partnership, Santander will market & refer Trovata’s cash management platform to its corporate & investment banking clients to modernize treasury workflows through data-driven automation.
With Trovata’s next-gen platform, Santander offers its clients a way to digitally transform its cash operating workflows – automated cash reporting, deeper insights into analyzing historical cash flows, and a contemporary labeling mechanism that uses artificial intelligence to model out future cash flows in seconds. The companies plan to collaborate in ways to continuously improve cash visibility and cash flow insights to help its large corporate clients make better and faster business decisions.
Eva Bueno, managing director & global head of cash management for Banco Santander, said:
“Santander’s commitment to innovation meets our clients’ need to evolve tools and adapt their processes to a changing environment. We are really thrilled to bring to our clients the most advanced technology on the market for cash forecasting and liquidity management. Our purpose at Santander is to help our customers grow with the best solutions available. Trovata aggregates and transforms corporate banking data at scale and that automates much of the cash forecasting process, which will allow our clients to gain efficiency.”
“We’re excited to partner with Santander to expand outside the U.S. and deploy Trovata for the bank’s clients in key markets within Europe and Latin America,” said Brett Turner, Founder & CEO for Trovata. “Cash forecasting with greater visibility, agility, speed, and precision is not only critical, but universal. With data-driven automation, we not only want to make this possible, but available and accessible for every business throughout the world.”