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Kyriba GmbH

Kyriba announces the expansion of its Global Bank Connectivity Hub

Frankfurt (ots)

Kyriba announces the expansion of its
proprietary Global Bank Connectivity Hub.  The Kyriba Connectivity
Hub is capable of communicating with any financial institution
world-wide, thereby enabling treasurers to have one unique access
point of data exchange with any counterparty they transact with.
As customers implement the Kyriba ASP Treasury Management platform
to gain global access, visibility, and control around treasury
operations, the ability to automate the retrieval of bank statements
and generate payments becomes increasingly relevant. Thus, Kyriba
develops or integrates technologies to enhance the functionality of
the Connectivity Hub and satisfy this need. Treasury professionals
have contributed as well by communicating to their banking partners
the importance of having a single access point integrated with
Kyriba. Consequently, the trend for banks has been to work with
Kyriba's skilled implementation teams to meet the needs of mutual
clients.
Kyriba clients can consolidate all bank positions globally within
the Kyriba application real-time and automate pooling procedures,
sweeps, ZBA's, etc.  Leveraging the power of the Connectivity Hub,
the visibility and control realized with the Kyriba ASP solution
enables Sarbanes-Oxley compliance and provides a holistic view of
relationships, balances, bank fees, etc.  Multi-national
organizations with multiple banks across the world will not be
affected by the diversity of formats; the Connectivity Hub
standardizes the captured data via conversion to one single format
and automatically uploads the data to the Kyriba application to be
displayed.
"As multi-nationals expand global operations and smaller
organizations broaden banking relationships, there is an increasing
demand from our clients to connect local banks in emerging markets
like Eastern Europe, Turkey and Russia to consolidate their cash
positions within the Kyriba platform.  Investments in the Kyriba
Connectivity Hub will increase to face the demand" Marko Sjoblom,
Managing Director of Kyriba GmbH, says.
The Kyriba Connectivity Hub is unique in that each bank connection
is proactively monitored and there are no limitations.  Kyriba can
work with any format, protocol, or system offered by a bank and is
not restricted by any such network (DTAUS, SWIFTNet, BAI, FTP...).
Marko Sjoblom adds, that: "the Hub is natively integrated as part
of the comprehensive web-based ASP-solution but it may also be
stand-alone to facilitate global connectivity to financial partners
for those treasuries already committed to other third-party systems,
although, tendency of our clients is replace multiple static data
maintenances and databases with one: Kyriba platform."
About Kyriba:
Kyriba is the market leader in real time, web based on-demand Cash
Management. Our very affordable ASP-pricing and value packed cash
management solution puts customers in control of their liquidity,
forecasting and treasury management needs. Kyriba is a privately held
company. Our investors include Commerzbank AG, GRP Partners and
Mangrove Capital Partners.

Contact:

Marko Sjoblom
E-Mail: msjoblom@kyriba.com
Tel.: +33 678 63 80 38

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