FinTech TreasurySpring and Global Reach expand partnership

By Megha Bhattacharya

London-based FinTech TreasurySpring and FX provider Global Reach today announced a partnership for delivering access to each other’s services for their clients. The collaboration will allow Global Reach to offer a white-label platform in the market to offer access to TreasurySpring’s Fixed-Term Funds.

Kevin Cook, co-founder and CEO, TreasurySpring, said, “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.”

According to TreasurySpring, its Fixed Term Funds allows clients to access wholesale money markets, with no set-up costs or standing charges via a digital onboarding process. Clients will be able to access the platform for low-risk cash management options in multiple currencies.

The companies stated that the partnership will facilitate digital onboarding to both firms, with minimal additional effort, providing access to 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

Nicholas Fullerton, CEO, Global Reach commented, “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.”

Established in 2001 and headquartered in London, Global Reach is a foreign exchange specialist, providing international payments, risk management and strategic hedging solutions to a range of corporate and institutional clients, alongside managing overseas transfers for individual customers.