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By Sian Bennett

Kantox discusses FX risk management automation at KPMG Digital Treasury Summit

Published October 10, 2018

As champions of automation and technology for FX risk management, Kantox was invited to speak at the premiere of KPMG’s Digital Treasury Summit, an event organised by KPMG Germany which looks at the importance of digitalisation in treasury.

Positioned as an event to discuss “current topics on digitisation and future developments with experts in corporate treasury,” the one-day summit is expected to run every six-months as more companies embrace the digitalisation process.

The first edition, held in Frankfurt this week, was attended by professionals from across Europe and Germany, including Kantox’s Chief Commercial Officer, Michael Schimmel and FX Director, Fabian Schmittmann. Kantox’s treasury partner, Bellin, was also present, with their CEO Martin Bellin delivering a keynote speech on the influence of innovation on everyday life.

Michael presented to a room of financial controllers, treasurers and C-level attendees, on the beneficial impact that automation can have for treasury teams, saying:

“It was a positive signal for Kantox to be invited to KPMG’s first Digital Treasury Summit to share our expertise in FX risk management with other experts. It also provided a platform to demonstrate how our solutions are tackling the challenges faced by many treasurers and CFOs.

Automation in the area of FX management is a requirement for companies that want to more effectively safeguard margins and keep their often-complex FX risks under control,” he affirmed.

Given the current global geopolitical climate, many experts expect additional exchange rate volatility in future, and businesses are pushing for added responsibility and development within finance and treasury management teams. With more companies finding that limited resources are resulting in heavier administrative burdens, they are turning to automation and even AI to manage manual tasks.

“We’ve already seen many companies benefit from implementing our flexible FX risk management software,” continues Michael, “and the feedback is overwhelming: we helped them to harmonize and control their processes, execute a dynamic hedging strategy, and allowed them to scale into any currency.”

The Digital Treasury Summit included speakers from several companies with various presentations, panels, breakout sessions and an exhibitor area where Kantox was also present. Other companies that exhibited included SWIFT, Bellin, and C2FO with everyone sharing the latest information and best practices during open networking sessions.


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