SAN
DIEGO, Oct. 24, 2023 /PRNewswire/ -- Trovata, the
global leader in bank APIs and enterprise cash management, today
announced a partnership agreement with Truist Bank (NYSE:
TFC). Now, Truist commercial and corporate clients will benefit
from improved access to Trovata's cash management platform to
modernize cash positioning and forecasting workflows through
data-driven automation.
Trovata's next-gen platform will provide Truist clients an
entirely new experience to manage cash and liquidity. Clients will
gain better visibility and insights into multi-bank account
balances and historical cash flows, including powerful projections
that help automate cash forecasting. Clients will also be able to
leverage Trovata AI, the first generative AI app for finance and
treasury teams that securely leverages multi-bank data for managing
and analyzing cash flows.
"Business owners and finance professionals increasingly demand
immediate and integrated insights that enhance their forecasting
and financial planning capabilities," said Chris Ward, head of Wholesale Payments at
Truist. "Providing access to solutions that deliver greater
visibility and enable better decision making is one of the many
ways Truist serves as a trusted payments partner for our
clients."
Trovata is the first Fintech to achieve global scale aggregating
corporate banking data through APIs with many of the world's
largest financial institutions. Trovata gives clients a better way
to manage cash as a seamless, multi-bank intermediary between their
banks and finance stack.
"We're excited to work with the Truist team to bring the power
of multi-bank APIs for balances, transactions, and payments to
their clients." said Brett
Turner, Founder & CEO of Trovata. "Real-time insights,
automation, and AI are revolutionizing the way companies manage
cash, liquidity, and operational efficiency."
About Trovata
Trovata makes it easy for businesses to automate cash reporting,
forecasting, analysis, and money movement. By bridging the gap
between banks and accounting systems, Trovata helps companies gain
powerful insights into their cash flows and facilitate better and
quicker business decisions. As an end-to-end fintech platform for
managing cash, Trovata collaborates with the world's largest
financial institutions to deliver next-gen banking services.
Trovata is based in San Diego,
CA.
To learn more about Trovata, please visit www.trovata.io. |
Twitter: @Trovata_io
Media Contact
trovata@inkhouse.com
About Truist—
Truist Financial Corporation (NYSE: TFC) is a purpose-driven
financial services company committed to inspiring and building
better lives and communities. Truist has leading market share in
many high-growth markets in the country and offers a wide range of
products and services through our retail and small business
banking, commercial banking, corporate and investment banking,
insurance, wealth management, and specialized lending businesses.
Headquartered in Charlotte, North
Carolina, Truist is a top 10 U.S. commercial bank with total
assets of $555 billion as of
June 30, 2023. Truist Bank, Member
FDIC. Learn more at Truist.com.
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SOURCE Trovata