SEB is going to use TreasurUp's automated foreign exchange hedging module for their Commercial Banking clients.
SEB and TreasurUp will also work jointly on integrating the platform with the clients’ ERPs, enabling full automation of FX risk hedging.
"The market for automated hedging services offered by banks is relatively new and SEB wants to be at the forefront of that", says James Prasad, Head of FX Business Development at SEB.
Niels van Daatselaar, TreasurUp's CEO: "TreasurUp is delighted with SEB as a new partner. SEB is a very innovative, open and professional bank which is a great starting point for joint innovation".