FX management solutions company, Kantox, has announced today that it has partnered with Silicon Valley Bank (SVB) to offer FX management software to SVB’s corporate clients across the United Kingdom.
Dynamic Hedging, a micro-hedging solution developed by Kantox, fully automates FX risk management to create greater efficiencies for treasurers. The technology provides better visibility over FX exposure and hedges transactions in real-time to mitigate FX risk and enhance competitiveness – all without human intervention.
SVB’s UK corporate clients will now have access to Kantox’s software while also benefit from automated FX execution through their existing SVB banking facilities.
Philippe Gelis, CEO and Co-founder at Kantox, commented on the partnership news:
Kantox has an excellent relationship with Silicon Valley Bank who have always supported our innovative approach to FX management. By offering our Dynamic Hedging software to their corporate clients, we are providing a sophisticated solution which makes the treasurer’s job easier, while providing added value to SVB’s existing FX services.
Erin Platts, Head of EMEA and President of Silicon Valley Bank’s UK Branch added:
FX is clearly an important focus for our many globally-connected clients, as is working with a technology partner that understands the innovation economy and the sectors in which they operate. Through this partnership with Kantox we aim to create genuine value for our clients by bringing automation and efficiency to their transactional FX management activities.