BNP Paribas teams up with Kantox
BNP Paribas has formed a partnership with Kantox, a fintech firm specialising 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 a software solution developed by Kantox, which allows corporate treasurers to fully automate and streamline FX workflows. The solution will complement the product suite available on Centric, BNP Paribas’ leading digital banking platform.
Philippe Gelis,CEO and co-founder at Kantox, says: “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.”
Xavier Gallant, co-head of corporate rates, FX and local markets sales EMEA at BNP Paribas,says: “When it comes to managing foreign currency risk, we are seeing a real need for our corporate clients to improve efficiency in forecasting their future cash flows, formalising hedging practices and optimising 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.”