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BNP Paribas partners with FX risk management fintech Kantox

Xavier Gallant, Co-Head of Corporate Rates, FX and Local Markets Sales EMEA, BNP Paribas

BNP Paribas has entered into a partnership with London-based FX risk management solutions provider Kantox in a bid to jointly offer the fintech’s Dynamic Hedging solution to its clients across EMEA.

Philippe Gelis, CEO and co-founder at Kantox, said, “We are pleased to jointly offer our award-winning Dynamic Hedging solution to BNP Paribas’ corporate clients. Our solution allows treasurers to automate FX management and leverage micro-hedging to save time and streamline workflows. We believe that our offering, combined with the financial strength of BNP Paribas as a banking partner, is an attractive value proposition for their existing corporate client base.”

According to the supplier, Dynamic Hedging allows corporate treasurers to automate and streamline FX workflows and is expected to assist the product suite available on BNP Paribas’ digital banking platform, Centric. The partnership is expected to support the bank’s growth and product enhancements.

Xavier Gallant, Co-Head of Corporate Rates, FX and Local Markets Sales EMEA at BNP Paribas, said, “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. We look forward to a successful partnership.”

Established in 2011, Kantox is a fintech company that builds software solutions for assisting businesses in overcoming FX challenges through the capture of FX exposure data, automatic hedging execution and access to currency accounts in 29 currencies.

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