Santander will market Trovata’s cash management platform to its banking clients to modernize treasury workflows through data-driven automation. The companies plan to collaborate to continuously improve cash visibility and cash flow insights to help their large corporate clients make better and faster business decisions. Santander’s commitment to innovation meets clients’ need to evolve tools and adapt their processes to a changing environment. Trovata aggregates and transforms corporate banking data at scale and that automates much of the cash forecasting process, which will allow clients to gain efficiency.
Santander has frequently partnered with FinTechs to deliver and develop new technologies. Santander Corporate and Investment Banking (CIB) entered a new strategic partnership with SAP Spain, aiming to boost digitalization across Global Transaction Banking services by stimulating co-innovation. The partnership is geared toward creating invisible banking solutions, improving client-to-bank connectivity and providing financial tools to help each firm’s clients navigate supply chain disruptions and accelerate the decarbonization of their industrial activities.