TreasurySpring and Global Reach Group announced that they have entered into a partnership to deliver each other’s services for their clients. TreasurySpring is a London-based fintech that helps firms to minimize risk and maximize returns on excess cash balances and Global Reach is a leading provider of foreign exchange and international payments.
The current climate of ultra-low and negative interest rates, coupled with an uncertain credit outlook presents a material challenge for treasury teams of all shapes and sizes. Through this partnership, Global Reach is able to offer the first white-label platform in the market to provide access to TreasurySpring’s Fixed-Term Funds, helping its clients to address these challenges through a fully-integrated solution.
TreasurySpring has issued more than $5.6 billion of FTFs (since the first FTF in 2018) and now offers access to more than 140 different FTFs across four currencies through its digital platform. The TreasurySpring FTF platform offers clients the simplest route to access wholesale money markets, with no set-up costs or standing charges, through a simple digital onboarding process that can be completed within days. Once onboarded, clients can access the platform at any time, offering them low-risk cash management options in multiple currencies across TreasurySpring’s three core verticals — sovereigns, corporations, and bank exposures.
This partnership will be available to all TreasurySpring and Global Reach clients, including multinational corporations, SMEs, fund managers, charities, and family offices. It will facilitate swift digital onboarding to both firms, with minimal additional effort, providing access to best-in-class cash investment and FX products and functionality. This will allow clients to streamline their processes and supplement their treasury toolkits with a bespoke combination of services and product offerings, delivering greater value to their core businesses
.
Kevin Cook, co-founder and CEO of TreasurySpring, said in a statement: “Cash investment, funding and FX risk management are intertwined in the core functions of all treasury teams across borders and sectors. From our first interactions with Global Reach, it was clear that they shared our vision for providing client-driven, technology-enabled solutions to this under-served market segment, so we are delighted to be partnering with Nicholas and his team to deliver a truly unique offering to our combined client base.”
Nicholas Fullerton, CEO of Global Reach, said in a statement: “The partnership with TreasurySpring allows us to further enhance the suite of treasury management tools we offer our corporate and institutional client base. We are delighted to be able to give our clients access to TreasurySpring’s unique FTFs and support their clients with proactive FX risk management. We very much look forward to a successful collaboration with Kevin and his team.”