Ebury partners with Cobase for automated FX services

By Pavithra R

Ebury, a financial services company, specializing in international cash management solutions including cross-border payments, FX risk management, and business lending has announced partnering with Cobase, a provider of multi-bank treasury management services, opening up Ebury’s FX services to the Cobase multi-banking platform.

Under the partnership, Cobase will offer its corporate treasury clients services from Ebury. The partnership follows the launch of Cobase’s new Liquidity Forecasting and FX Exposure Management modules, that enables corporate treasuries to optimize cash positions or automatically hedge their FX risk on a continuous basis.

“We believe that companies of all sizes will increasingly use aggregated platforms, such as Cobase, to access financial services and manage their treasury functions. Connecting Ebury’s competitive FX services with Cobase will make it easier for companies to access more automated FX services without any additional integrations,” said Juan Lobato, Ebury’s co-founder and CEO.

Adding Ebury’s services to Cobase’s platform will provide clients with broader access to cost effective FX services, and Cobase users will be able to receive competitive FX quotes from Ebury and book FX trades without accessing other systems. Users will also receive real-time status of transactions and reporting to automate the reconciliation process within Cobase. 

“Our aim is to make multi banking simple. By adding Ebury as a FX liquidity provider to our FX Exposure Management module, we offer our corporate clients more options to optimize their cross-border operations, said Joost Kevelam, Head of Financial Markets & Risk Solutions at Cobase.