GTreasury partners with Necto to expand APAC API connectivity

GTreasury has announced a partnership with Necto to enhance its API connectivity in the Asia-Pacific (APAC) region. The collaboration will expand the library of bank APIs available to GTreasury's ClearConnect Gateway, offering seamless banking data connectivity and reporting from additional banks across the APAC region.

The partnership will see GTreasury's ClearConnect Gateway now including instant data integration with regional banks such as ANZ, BNZ, DBS, ICBC, OCBC, and Standard Chartered. Corporate customers of these banks can benefit from the timely access to accurate financial data, incorporating both current-day and prior-day balance and transaction reporting.

Guido Schulz, CEO of Necto, commented on the development: "GTreasury's ClearConnect Gateway has proved to be a tremendously advantageous asset for CFOs and corporate treasurers; the solution replaces legacy processes and financial blind spots with powerful automation and unprecedented breadth of real-time visibility. Those capabilities directly empower organisations to make more informed and timely decisions. We're excited to partner with GTreasury, provide our library of global bank APIs to bolster GTreasury's ClearConnect Gateway, and see corporations reap the benefits."

Victoria Blake, Chief Product Officer at GTreasury, echoed Schulz's enthusiasm: "As a multi-bank API aggregator, Necto enables us to rapidly expand the reach of our ClearConnect Gateway API suite and empower treasury and finance teams with the banking data they need when they need it. The solution is set up to have any bank, anywhere, live in a matter of days. We're proud to partner with Necto and to continue to grow the largest banking connectivity library available on the market today."

The ClearConnect Gateway aims to replace enterprises' slow and costly traditional banking connections with modern, seamless, out-of-the-box API connectivity. This provides treasury teams with the ability to quickly synchronise data in real-time with banks, ERPs, and third-party platforms.

GTreasury's ClearConnect Gateway, which already includes integrations with major financial institutions such as Bank of America, Citibank, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan Chase, PNC, U.S. Bank, and Wells Fargo, will now incorporate Necto's data connectivity capabilities for more comprehensive balance and transaction reporting.

GTreasury's efforts to extend its ClearConnect Gateway are expected to support corporate treasurers and CFOs in their pursuit of operational efficiency, the company states. By ensuring instant and accurate data availability, the expanded API connectivity facilitates better decision-making and management of financial operations.