Kantox takes home 2 TMI awards at London ceremony
Everyone likes to celebrate. And at the Treasury Management International Awards at South Place Hotel in London on a chilly Thursday evening, Kantox did just that.
The Annual TMI Awards for Innovation and Excellence attracted around 110 professionals from across the banking and treasury sector, with several Kantox staff members also in attendance.
The Kantox team were fortunate enough to be called up twice to collect awards for two solutions: Dynamic Hedging and our Currency Accounts project in partnership with Citi.
In December last year, TMI announced that Kantox’s Dynamic Hedging was the winner of the Best Risk Management solution, with our CEO, Philippe Gelis, commenting that the award was “… a testament to the team, which continues to deliver products and solutions that solve complex problems for treasurers, CFOs and CEOs alike.”
The judges said they were “highly impressed” with Dynamic Hedging, our FX risk management automation solution, but were “won over by the enhancements of Dynamic Hedging Analytics.”
The new analytics feature provides clients with a live, data-rich dashboard where exposure data is visually represented. This removes the need for manual analysis and gives a better representation of what’s hedged, what’s accumulating and when settlements will occur. Read more about this winning solution in the latest issue of TMI.
For the Best Virtual Accounts Product accolade, The TMI judges praised the ability of Kantox’s Currency Accounts to “eliminate the high FX fees associated with online Payment Service Providers” as well as the fact that “same-currency invoice settlement permits Kantox’s clients to significantly enhance their supply chain and negotiate better commercial terms.”
As TMI CEO, Robin Page, mentioned on LinkedIn “there are some really good examples of banks, FinTechs and TMS providers that are ‘getting in right’”. Along with naming Kantox, others on the list included HSBC, Citi, Deutsche Bank, BNP Paribas, UniCredit, DBS Bank, ING, BELLIN, SWIFT and GTreasury.
“I’d like to extend a huge congratulations to all the winners,” added Philippe. “The TMI Awards are considered a benchmark within the treasury profession and it’s fantastic to see our solutions mentioned alongside other well-recognised financial brands. We look forward to continuing our conversations with several partners in order to bring additional value to their clients,” he concluded.
See a full list of the winners here.