BNP Paribas announced a strategic partnership with London-headquartered Kantox, a fintech specializing in FX risk management solutions. The agreement enables BNP Paribas and Kantox to jointly offer Kantox’s Dynamic Hedging solution to BNP Paribas’ clients across EMEA.
Dynamic Hedging is software developed by Kantox that allows corporate treasurers to fully automate and streamline FX workflows. The solution will complement the product suite available on Centric, BNP Paribas’ digital banking platform.
Xavier Gallant, co-head of Corporate Rates, FX and Local Markets Sales EMEA at BNP Paribas, said in a statement: “When it comes to managing foreign currency risk, we are seeing a real need for our corporate clients to improve efficiencies in forecasting their future cash flows, formalizing hedging practices and optimizing execution through automation. BNP Paribas’ partnership with Kantox will offer corporate treasurers in EMEA the opportunity to access a fully automated hedging solution and ultimately improve their treasury processes.”