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Capital One partners Trovata to automate cash management for corporate clients

Trovata, a US startup specialising in automating cash workflows through multi-bank API data aggregation, has scored a distribution agreement with Capital One.

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Capital One partners Trovata to automate cash management for corporate clients

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Under the deal, Capital One will market and refer Trovata’s cash management platform to new and existing commercial and corporate banking clients.

With Trovata’s platform, Capital One is promising a cash management experience for its commercial clients with better visibility and insights into multi-bank account balances and historical cash flows, along with powerful projections that help automate cash forecasting.

Phil Beck, head, treasury management, Capital One, says: “Trovata is helping us take a major leap forward in providing data-driven workflow automation to support our clients’ digital transformation journeys.”

Capital One Ventures is an investor in Trovata, alongside other big financial services firms such as Wells Fargo and JPMorgan.

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