“Kyriba offers a category leading, secure financial management platform, with important innovations in payments and risk management,” said Anders Grevstad, EVP Category and Transaction Banking at DNB. “New government regulations such as PSD2 and Open Banking will drive an even stronger need for data protection and compliance that Kyriba is well suited to address. We will offer these services as part of our larger mission to serve our clients current and future needs.”

The strategic partnership gives DNB a new suite of modern financial management tools that centralize payments, automate workflows and can detect and prevent payments fraud in real-time. These cloud-based services will help corporate clients compete in the market today and help them adapt to changing regulations.

“DNB is a leading financial services group in the Nordic region, and has an extensive global network that is aligned to Kyriba’s,” said Karthik Manimozhi, EVP Worldwide Indirect Sales at Kyriba. “We have invested in the security of our platform and added strong controls across the payments workflow to support the increasing demand for transparency and data protection. With a comprehensive financial suite at their fingertips, DNB’s customers will be able to add real-time decision support and drive growth for their company.”