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Huntington Platform Unifies Distributed Treasury Operations

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Huntington Platform Unifies Distributed Treasury Operations

The Huntington National Bank launched a treasury management platform that brings together treasury operations distributed across banks, enterprise resource planning systems and FinTech providers, the company said in a Thursday (Nov. 5) press release.

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Developed in collaboration with Kyriba, a FinTech focused on liquidity performance, Huntington’s new Intelligent Treasury platform unifies those distributed treasury operations and enables clients to view balances and transactions, build cash forecasts, initiate support payments and track payment acknowledgements, according to the release.

With these capabilities, Intelligent Treasury is designed to help Huntington’s commercial clients simplify treasury operations, improve cash visibility and manage liquidity more effectively across multiple banking relationships, the release said.

“The reality is many larger businesses operate across multiple banks, systems and sources of financial data,” Deepak Kapoor, head of payments product at Huntington, said in the release. “We designed Intelligent Treasury to help businesses reduce resources, save time and have information at their fingertips to enhance visibility and planning.”

Huntington, a top 10 commercial bank in the United States headquartered in Columbus, Ohio, operates about 1,400 branches in 21 states and has certain businesses that operate nationally, per the release.

“At Huntington, we are investing in payments to help clients adapt, grow and succeed in a rapidly evolving marketplace,” Amit Dhingra , chief enterprise payments officer at Huntington Bank, said in the release.



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