News and Articles

The Role of AI in Liquidity Management

Emerging technologies are changing the way finance functions operate, opening up new opportunities for treasury and enabling teams to deliver increased value to the organization. As a new decade emerges, executives are looking to artificial intelligence and machine learning as a means for enhancing overall operations.


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Generative AI Models for Cash Forecasting

In today's dynamic financial landscape, while generative AI models are gaining attention for their potential in cash forecasting and liquidity planning, established specialized models continue to demonstrate their value and effectiveness. Recent research by industry leaders has highlighted the emergence of probabilistic time series forecasting using foundation models. However, our analysis reveals that carefully crafted domain-specific solutions, particularly those developed with deep understanding of cash flow patterns, often outperform these newer approaches in their base form. This finding underscores the importance of domain expertise in financial forecasting, while also pointing to the future potential of foundation models when properly fine-tuned.

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Kyriba and Riyadh Air Forge Partnership to Revolutionize Treasury Management in the Aviation Sector

Riyadh, Nov 25 – Kyriba, a global leader in liquidity performance, announced a partnership with Riyadh Air, the new premium international airline owned by PIF. The partnership will enable Riyadh Air to automate and streamline its treasury management processes, laying the foundation for efficient and scalable financial operations as it embarks on a significant growth journey within the aviation sector.

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Discover 4 Key Benefits of AI in Treasury Management

With the rapid evolution of artificial intelligence (AI), AI is no longer a future concept—it’s here, and ready to be implemented in treasury operations. Now, finance leaders are wondering, “How do we use AI safely in treasury management?”. That’s a question Bob Stark, Kyriba’s Global Head of Enablement, recently answered in a presentation at 2024’s Kyriba Live Exchange (KLX). The event was held in Singapore to celebrate Kyriba’s expansion growth throughout the Asia Pacific (APAC) region.

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Bridgepoint to Reinvest in Kyriba, Alongside New Minority Investor, General Atlantic

San Diego, October 16, 2024 — Bridgepoint, one of the world's leading quoted private asset growth investors, and Kyriba, the global leader in liquidity performance, today announced that Bridgepoint will reinvest in Kyriba following a period of record growth for the business and will remain the majority shareholder. In addition, Bridgepoint and Kyriba will welcome a new minority investor, General Atlantic, a leading global growth investor.

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Kyriba App Studio

Kyriba App Studio provides a flexible, self-service platform for seamless integration between Kyriba and external systems like ERPs, data providers, and financial services platforms. As a key part of Kyriba’s Connectivity-as-a-Service (CaaS), it offers robust, scalable, and secure data integration essential for modern financial management, empowering organizations to keep pace with evolving technological and business needs.

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Innovating into a New Era

Today marks the beginning of an exciting new era for Kyriba. Bridgepoint announced they have entered into an agreement to reinvest in Kyriba following our period of record growth, and will remain the majority shareholder. Additionally, we will welcome a new minority investor, General Atlantic, a leading global institutional investor.

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Decoding the Impact of ChatGPT for Treasury

Generative AI, represented by groundbreaking models like ChatGPT, is poised to revolutionize treasury management. However, its integration brings forth a spectrum of implications, from promising opportunities to potential risks. We highlight the potential benefits and risks associated with integrating generative AI in treasury and finance operations.

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Optimize Your Cash Forecasting with AI

Imagine a world where manual processes and guesswork don’t bog down forecasting. Instead, your forecast is created easily using real-time data and predictive analytics. This is the potential of artificial intelligence (AI) in modern financial operations; this is the power of AI in cash forecasting.

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Navigating the ISO 20022 Migration

The financial world is continuing to evolve with the acceleration of the ongoing ISO 20022 migration. This financial messaging standard aims to enhance data management and improve operational efficiency, becoming the global standard for financial transactions by 2025.

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The Threat of Deepfake Frauds in Payment

Imagine this: your CEO’s voice or your CFO’s face—and a request for funds. Something in your gut is telling you that this situation feels ‘off’ but what can you do? It’s the CEO or CFO of the company after all. This is the reality of deepfake fraud, a clever ruse that is not only making headlines but also blurring the lines between truth and fiction with chilling precision. Every transaction and every interaction is a potential battleground, where the slightest misstep could lead to catastrophic losses.

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How to use ChatGPT to write Excel Macro for Finance

Automation and efficiency are the keys to today’s rapidly evolving financial technologies. This article introduces how finance professionals can use ChatGPT, a state-of-the-art AI developed by OpenAI to write Excel macros, enhancing productivity and accuracy in financial tasks. The code in this article automates the conversion of SHIBOR rates data into a format suitable for Kyriba,

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Polestar Optimizes its Treasury Journey & Enhances Operations

Polestar, a Swedish electric vehicle manufacturer owned by Volvo Cars, faced challenges in obtaining real-time visibility into its cash positions. Relying on the previous day statements received via file transfer, the company sought a more dynamic and efficient approach to managing its daily treasury activities. Recognizing the need for a modern solution, Polestar partnered with Kyriba to implement Bank API connectivity with Citi Bank. This initiative aimed to revolutionize Polestar’s treasury operations by providing enhanced cash visibility and operational efficiency.

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Kyriba Announces First of Its Kind Innovation with Onyx by J.P. Morgan and Expands Global Partner Ecosystem

LAS VEGAS – April 8, 2024 – Today, Kyriba, a global innovator in liquidity performance, announced a first of its kind innovation with Onyx, J.P. Morgan’s blockchain business unit, to improve cash management, payments and liquidity performance for CFOs and Treasurers. Furthermore, a new partnership with Workday, Inc. will fully embed bank reporting and bank payment connectivity for Workday Financial Management to help Workday customers achieve greater banking agility.

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Generative AI - The rise of the citizen developers in finance teams

Kyriba offers various integration methods, including Application Programming Interfaces (APIs), which necessitate either coding abilities or the use of low-code tools like iPaaS. Although coding demands particular expertise, generating code through prompts has become straightforward with tools like OpenAI’s ChatGPT, Anthropic’s Claude, or Google’s Gemini. These resources can accelerate the workflow of seasoned developers or even be utilized by non-developers, making APIs more accessible than ever. Thanks to the ability to generate code in natural language for tasks like data transformation and API calls, including those to Kyriba APIs, even individuals without Python skills, such as finance teams, can now utilize our APIs. They can automate tasks and streamline their routine manual processes, heralding the era of the citizen developer.

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How to use ChatGPT for data integration in finance software?

Nowadays, ChatGPT needs no introduction, given its widespread adoption and reputation as the go-to conversational AI for tackling everything from coding conundrums to existential issues. It is capable of understanding and generating human-like text based on the input it receives. It's a powerful tool for a wide range of applications, from writing code to automating tasks and even creating content. Its ability to generate code snippets makes it particularly useful for developers looking to streamline their workflow. In short, what an incredible time to live and engineer in! 🚀

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Kyriba Open Formats Studio

The Kyriba Open Formats Studio (OFS) offers a complete set of self-service tools to quickly implement, test and deploy payment formats within the Kyriba Payment Hub. Easy to use and explore, our extensive format library provides a Sandbox environment for registered users to customize and manage new payment formats.

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10 Things You Need to Know about APIs for Treasury

APIs continue to be one of the most talked about technologies, as finance leaders look to make their treasury and payments operations more real-time and responsive to market volatility. APIs are critical to the future of bank connectivity, yet they offer significantly more value than connecting treasury systems and ERPs to banks.

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Kyriba Open Reports Studio

Kyriba Open Reports Studio is a powerful Excel add-in that seamlessly integrates with the Kyriba application via Kyriba APIs to empower finance professionals in treasury, accounting and other functions to take control of their data. With two-way data exchange between Kyriba and Excel and powerful tools such as Copilot in Excel, users can efficiently analyze, explore and visualize their selected data using the power of AI.

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Future Proof Your ERP with A Secure and Flexible Connectivity Solution

Kyriba’s Connectivity-as-a-Service (CaaS) accelerates the process of connecting your ERP systems to your banking partners, relieving potential development and maintenance burdens on IT. With one API gateway, clients can connect via Kyriba to over 1,000 global banks, supported by an extensive format library of 50,000 pre-developed and pre-tested payment scenarios.

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Join Us for the Kyriba Hackathon 2023 Launch Meeting on November 9th!

We hope you're as excited as we are to embark on the Kyriba Hackathon 2023, where we'll collectively "Shape the Future of Customer Experience". 🛠💡 To kickstart this exciting journey, we invite you to our Launch Meeting featuring Kyriba’s Chief Product and Technology Officer (CPTO). This meeting promises to be an invaluable starting point, providing insights, setting the stage, and igniting the spirit of innovation within all of us. 💫

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Kyriba API Integration for Microsoft Dynamics 365

Kyriba’s API integration for Microsoft Dynamics 365 (D365) accelerates payments and bank connectivity projects, eliminates project risk and drastically reduces connectivity costs. The Kyriba D365 integration centralizes payment activity, fully manages bank connectivity and delivers superior fraud detection and visibility. It also provides a full suite of out-of-the-box ERP workflows for cash management, GL reconciliation, GL export, FX balance sheet and bank statement export.

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Towards a Triple-A Global Vision

The future of treasury technology is visual, automated and intelligent data delivered by the widespread adoption of AI, APIs and analytics. The ‘three As’, as we sometimes refer to them, will enable treasurers to harness and regain control of the massive amounts of data that finance teams are exposed to every day. These innovative tools will turn that data into actionable insight, offering treasury teams the ability to execute data-driven decisions.

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What is SEPA Payment?

The European Union (EU), with its diverse tapestry of cultures, languages and economies, has always strived for harmonization and integration in various sectors, and the payment industry is no exception. In this FAQ, we’ll delve into the intricate world of EU payment schemes with a focus on SEPA payments, describing the existing payment types and the future ones, the underlying format and the future modifications and the benefits and limitations of the system.

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Sibos - The Challenge of Instant Treasury

Corporate treasury expectations for on-demand financial information are yet to be addressed. The difficulty of gathering data from disparate systems should not be underestimated. One key topic at last week’s Sibos conference in Toronto was the concept of ‘instant treasury’. Discussions centered on the main challenges to delivering on-demand information to corporate customers as well as the extent to which high inflation has raised the stakes for instant access to balance information. A significant point is the importance corporates place on knowing where their liquidity is at all times.

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The Flywheel Effect for Real-time Treasury

The Flywheel Effect, as popularized in the business literature, is an intriguing concept that highlights the power of small wins, when accumulating over time, can ultimately generate significant momentum for transformation. This concept becomes increasingly relevant in today’s treasury management, particularly with the increasing adoption of APIs in the financial landscape. The real-time nature of API connectivity offers a distinctive opportunity for CFOs and treasurers to leverage the Flywheel Effect. By harnessing the constant flow of data, organizations can capitalize on better decision-making and faster execution, ultimately driving transformative change. So the question arises: How can financial leaders seize this opportunity to unlock the Flywheel Effect in treasury management?

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Kyriba Connectivity-as-a-Service - Accelerate Your ERP Bank Connectivity

For two decades, Kyriba has pioneered the realm of treasury and risk management. As the world’s most connected enterprise liquidity management platform, it offers unparalleled cloud-based SaaS solutions via Connectivity-as-a-Service (CaaS).

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What Are Bank Reporting and Payment Formats?

Bank reporting and payment formats, also referred to as payment file formats, bank file formats, bank message formats or simply as bank or payment formats, exchange payment instructions and reporting information between banks and their clients. When companies use direct connectivity solutions, they must ensure they support the most common payment message and bank file formats to automate payment transactions, facilitate payment exchanges and produce payment documentation.

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Pioneering Real-time Global Banking Connectivity

For two decades, Kyriba has forged a reputation as the industry’s frontrunner in corporate-to-bank Connectivity-as-a-Service. With robust integrations with 1000+ global banks, Kyriba is the world’s most connected enterprise liquidity platform.

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Amazon ‘Thinks Big’ with Machine Learning Forecasting Solution

Think Big is a key leadership principle at Amazon, and the team knows how important it is to manage its capital structure efficiently at scale. While always a focus, this became even more critical as the Covid pandemic swept the globe and shoppers around the world rushed to e-commerce retailers, including Amazon, to purchase everyday goods.

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Bally’s Leverage APIs and Cloud to Deliver Solution

One of Bally’s key providers of payment services is FreemarketFX with a connectivity strategy that mandates use of a REST API for statement reporting and payment initiation automation. Bally’s uses FreemaketFX to provide payments and banking services for 19 of its companies, holding 63 active bank accounts which are used by 43 users to make on average 289 payments a month.

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Kyriba Leading the Charge in Cloud TMS for Both Enterprises and Midmarket

In the wake of escalating global uncertainties, businesses are constantly grappling with unknowns, making liquidity management a top priority. The recent IDC MarketScape Assessment of World-wide Saas and Cloud Treasury Management Software (TMS) Vendors for 2023 provides a compelling testament to the increasing significance of treasury software and the importance of selecting the right technology partners to embrace the full benefits.

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Kyriba Appoints Visionary Leader Melissa Di Donato as New Chair and CEO

SAN DIEGO – September 5, 2023 — Kyriba, the global leader of cloud-based finance and liquidity solutions, announced today the appointment of Melissa Di Donato as Chair and Chief Executive Officer. A respected technology visionary and accomplished leader, Di Donato will succeed Jean-Luc Robert, who is stepping down from this position and will join the company’s Board of Directors.

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Maturity in API governance at Kyriba

When we at Kyriba embarked on implementing API governance principles, we began with Code-First contracts, which presented many complexities in managing our APIs. These challenges often resulted in delays in software delivery and contract processes. However, we are thrilled to share that we have since made significant progress and achieved a good level of maturity in our API governance. This improvement has enabled us to streamline our operations and enhance overall efficiency, ensuring smoother software delivery and contract management.

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How API and ERP Integrations Are Transforming Corporate Treasury

Adopting API technology to integrate ERP systems with treasury systems is a transformative step for corporate treasury management. Such integration facilitates real-time data transfer, ensuring that treasurers are equipped with the most up-to-date financial information for accurate stakeholder reporting and enhanced decision-making. Additionally, APIs bring heightened security in data transfers, offer scalability for growing business needs and ensure flexibility in adopting new functionalities.

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Seamless API Integration Helps Treasury Get the Most Out of Cash

With cash being more important than ever and increasing pressure to make the most out of their excess reserves, treasury professionals must deploy the necessary tools for quick and easy deployment of excess cash. A panel session at KyribaLive 2023 discussed how Kyriba and global investment portal ICD’s partnership is transforming the way that treasurers can drive cash flow optimization, making the most out of their cash and treasury management tools. Bob Stark, Head of Global Market Strategy at Kyriba, Keith Payne, Managing Director of Treasury at Rollins, and Justin Brimfield, Head of Global Partnerships and Chief Marketing Officer at ICD, provide an in-depth look at how APIs enable treasury teams to optimize cash and liquidity management.

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Kyriba & Goldman Sachs Asset Management Mosaic

Kyriba’s Treasury Management System now connects with Goldman Sachs Liquidity Solutions Platform, Mosaic, expanding options for treasurers and increasing ways to keep surplus liquidity invested faster and longer. The partnership streamlines investments, creating an end-to-end workflow for investing in money market funds and introducing on-demand connectivity to third-party banking and fintech services.

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Harness the Power of Treasury Analytics

“There were 5 exabytes of information created between the dawn of civilization through 2003,” Eric Schmidt, still the CEO at Google in 2010, once proclaimed, “but that much information is now created every 2 days, and the pace is increasing.” Today, data has already become a ‘norm’ for almost all businesses. At KyribaLive 2023, Vincent Siccardi, Data Product Director at Kyriba, and Craig Jeffrey, Managing Partner at Strategic Treasurer, led an interesting discussion around the intersection of big data and treasury, the value of AI in treasury operations and treasury analytics, and the opportunities for treasury to truly transform business decision-making,

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Large Language Models for Treasury Requests using the Kyriba API

This article delves into the groundbreaking application of Large Language Models (LLM) in treasury management solutions and explores how the strategic utilization of APIs can unlock a new era of efficiency, accuracy and intelligence in financial operations. While LLM has undoubtedly shown great promise, understanding its boundaries such as hallucinations or cut off time, is vital for leveraging its benefits effectively.

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Kyriba Leads Real-Time Liquidity and Payments Surpassing 100 Million API Calls

SAN DIEGO – June 29, 2023 — Kyriba, (“the Company”) a global leader of cloud-based finance and liquidity solutions, announced today that the Kyriba platform has processed more than 100 million application programming interface (API) calls for their clients to integrate with banks, ERPs, Kyriba’s App Marketplace, and clients internal IT systems. Kyriba previously announced APIs with J.P. Morgan Chase and CitiBank and is supporting clients like Hunt Companies, as they migrate to a real-time ‘everything’ liquidity operation.

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How Streamlined Bank Connectivity Enhances Business Performance for the Office of the CFO

In today’s fast-paced and uncertain business environment, the role of the Chief Financial Officer (CFO) is increasingly complex. A panel session at KyribaLive 2023 discussed how BlackLine and Kyriba, in partnership with RSM, build automated workflows through streamlined bank connectivity for joint clients and support them to enhance business performance. The discussion highlighted the importance of leveraging technology to address the evolving demands across the office of the CFO.

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Kyriba SAP Integration

Currently over 1,000 Kyriba clients are using SAP as their enterprise resource planning platform and Kyriba as their treasury management system. The certified Kyriba SAP integration, including SFTP and API integration, seamlessly connects SAP with Kyriba to automate the workflow between the two platforms.

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Why Digitalized Bank Connectivity is the Key to Optimizing Cash Deployment

Companies that can identify and use cash with confidence can now leverage liquidity as an asset for strategic value creation. It’s a competitive advantage that has often been overlooked, or not available, but which due to advances in digitized bank connectivity is now becoming a reality. How an organization moves, manages, stores and protects cash has costs, benefits and risks, as with any other asset. As Ruth Porat, CFO of Alphabet, has said, “There’s no question that liquidity is sacrosanct.” Today, many leading firms realize they can now treat liquidity as an asset and use it as a market weapon.

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What is Treasury Data Analytics?

Treasury data analytics is the practice of using data analysis techniques to gain insights into a company’s treasury operations, including cash and liquidity management, investment portfolios, risk management, and supply chain finance. Treasury data analytics involves collecting, processing, and analyzing data from multiple sources, including bank statements, cash flow statements, financial reports, and market data.

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Transforming into a Data-Driven Treasury

Each year, AFP Pinnacle Award winner Health Care Service Corporation (HCSC) becomes more data-driven, and a panel session at KyribaLive 2023 reveals how HCSC transformed their treasury operations into a data-centric system, unlocking cash flow, optimizing working capital, and unleashing 1,000+ hours of productivity.

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How to Prepare Treasury for Instant Payments in 2023

With the U.S. Federal Reserve set to launch its FedNow system soon, 2023 is going to be a big year for real-time and instant payments. A panel session at KyribaLive 2023, moderated by Mike Gwozdek, Principal Consultant, 3PO Consulting, explores some of the potential real-time payments milestones that could come to fruition this year, as well as how treasury professionals can prepare for them

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Kyriba and U.S. Bank Enable APIs for Real-time Treasury

As part of a strategic partnership Kyriba and U.S. Bank have developed API connectors for realtime payments and instant data exchange. These API connectors can be enabled upon request for mutual customers based on their business needs and applicable use cases.

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What are APIs in treasury?

Application Programming Interface (API) is an interface provided by one application for other application(s) to communicate with it. APIs in treasury management software connect different systems to share cash data or execute cash management and payments workflows automatically and in real time.

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How IT Can Simplify and Accelerate ERP Cloud Migration

A major shift is underway in the world of enterprise resource planning (ERP) software. With both customers and ERP vendors driving a mass migration to the cloud, many companies have already completed their ERP cloud migration projects—and thousands more are set to follow suit by the end of this decade.

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Embedded Finance to Embedded Treasury - Are Corporates Ready for the Transition?

Embedded finance is the practice of integrating financial services within non-financial platforms and services with the objective of delivering the financial service at the “point of need”. In the not-so-distant past, accessing financial services such as payments, lending, and investments required either a visit to the bank or a redirection to a financial services provider’s portal or call center. With digital transformation driven by software platforms, software enablers, and banks, financial services can now be seamlessly integrated, or ‘embedded’, into non-financial services contexts. This is revolutionizing the way financial services are delivered and consumed. Payments is the most prominent of all embedded financial use cases for customers.

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Introducing Webhooks at Kyriba

We are thrilled to announce that we have expanded our API offering with the introduction of webhooks, providing our customers with more flexibility and control over their actions. With webhooks, you can receive real-time notifications about the status of the events you want to be alerted in your Kyriba application, without having to continuously poll the API or log into the Kyriba application for updates. This means you can now easily integrate Kyriba with your own systems and workflows, and automate tasks based on available events.