Citi has integrated Fenergo’s Client Lifecycle Management platform into its Global Transfer Agency business, enhancing investor onboarding and due diligence for regulated funds in Europe. The platform enables customized risk assessments for Anti-Money Laundering (AML) and Know Your Customer (KYC) checks, making onboarding more seamless. Clients benefit from automated data validations and real-time reporting through API connectivity. Citi’s Global Transfer Agency unit is part of the bank’s Fund Services business, catering to institutional clients including asset managers and investment managers who create and run regulated funds for institutional or retail investors. The adoption of Fenergo for regulated funds in Europe is part of Citi Transfer Agency’s ongoing digital transformation agenda, following the launch of the bank’s award-winning digital Transfer Agency service in the UK in 2023. The Citi Fenergo Client Lifecycle platform accelerates digital transformation in Europe’s regulated fund space, backed by real-time compliance automation.
Amex GBT’s guest T&E solution features AI-based tools for receipt scanning and expense justification and allows managers to create travel events, send guest invites, generate travel rules, and monitor real-time expense activity from within the portal
American Express Global Business Travel (Amex GBT) has launched a new solution to manage travel and expenses for non-employees. The platform, known as the Guest T&E, aims to provide an efficient and organized solution for guest travel and reimbursement. The platform allows travelers to build their own travel profile and self-manage bookings through Amex GBT’s business travel marketplace. It also simplifies payment and budget management by allowing companies to create virtual cards based on predefined budgets. The platform features AI-based tools for receipt scanning and intelligent expense justification, automating the data inputting process and facilitating quicker expense approvals. It empowers managers and event coordinators by allowing them to create travel events, send guest invites, generate travel rules, and monitor real-time expense activity from within the portal. The platform is focused on experience, efficiency, and first impressions, ensuring both travelers and organizers benefit from a polished, secure, and efficient experience. 24/7 travel support is built into the platform, providing a safety net for those new to business travel or unfamiliar surroundings. Currently available on Amex GBT’s Neo and Egencia platforms, the platform is part of Amex GBT’s broader strategy to digitize and modernize the business travel experience. As customer demands and additional features are added, the platform may be expanded internationally. As non-employees continue to make up a larger share of the workforce, Amex GBT’s Guest T&E platform addresses this issue with an easy-to-use interface and enterprise level control and automation. The platform highlights Amex GBT’s focus on innovation, streamlining, and user happiness, offering a professional travel experience for every guest without the headache and risk of full compliance costs.
Trovata acquires ATOM to bolster treasury management offering with debt and investment instruments, intercompany transactions, in-house bank support, credit facilities, FX hedging, full domestic and international payment workflow, bank fee analysis and bank account management
Trovata announced its acquisition of ATOM, the enterprise Treasury Management System (TMS) developed by Financial Sciences Corporation. This move marks a bold step forward in Trovata’s mission to modernize and democratize treasury technology, unlocking the full capabilities required to serve large global enterprises. With ATOM’s deep treasury feature set—including support for debt and investment instruments, intercompany transactions, in-house bank support, credit facilities, FX hedging, full domestic and international payment workflow, bank fee analysis and bank account management—fully integrated into Trovata’s cloud-native platform, Trovata becomes the first modern, viable TMS alternative to the legacy incumbents. The combined offering delivers unprecedented scale, flexibility, and performance for corporate finance and treasury teams seeking to modernize. Brett Turner, Founder and CEO of Trovata said, “With ATOM, we have the firepower to compete directly with the legacy incumbents—and replace them. This isn’t just expansion. It’s a generational shift in treasury tech.”
AmEx’s integration with Navan to enable business users to instantly create unique virtual Cards for travel bookings with built-in spending policies while offering automated reconciliation and real-time expense management
Navan announced a new integration with American Express that enables American Express U.S. Business and Corporate Card Members to instantly create unique virtual Cards for travel booked on the Navan Travel platform via Navan Connect. Navan Connect’s “Bring Your Own Card” functionality enables businesses to enjoy the benefits of the travel and expense solution employees love while keeping the benefits of the company’s existing bank and corporate card partner. To support and foster this integration, Navan is participating in the American Express Sync Commercial Partner Program. Combined with the end-to-end Navan T&E solution, the Navan-American Express Sync integration offers: Improved reconciliation. Speed up month-end close with automated reconciliation, all while earning the rewards of your American Express Card. Proactive spending policies. Create unique virtual Cards with built-in spending policies that make managing travel spend simple for finance teams. Real-time expense management. Companies have full visibility into every virtual Card expense the instant it happens with pending and cleared transactions that automatically appear in the Navan Expense dashboard to enable finance leaders to uncover savings opportunities — while keeping budgets and forecasts up-to-date. With Navan there are even more reasons to love your Card. American Express Card Members can earn the rewards of their eligible American Express Card when they use on-demand virtual Cards for travel payments.
Fifth Third and asset manager Eldridge partner to offer private credit arrangements to Commercial Banking clients
Fifth Third and Eldridge announced a strategic partnership to offer private credit arrangements to Commercial Bank clients. This program is built to enhance the ability for both parties to meet emerging and evolving needs and provide reliable private credit solutions to clients. Kevin Khanna, head of Commercial Banking. “By uniting complementary strengths and deepening our relationship, we are positioned to unlock new opportunities and enhance our collective value proposition. Most importantly both Fifth Third and Eldridge can deliver flexible, forward-looking financing solutions that empower clients to pursue strategic opportunities with confidence.” Nicholas Sandler, Co-President of Eldridge Capital Management. “This new partnership in private credit reflects a natural evolution of our engagement, grounded in a shared dedication to excellence. We’re excited to continue building on our foundation and expand what we can accomplish together across diverse forms of credit.” This program reflects a strong alignment of vision and capabilities, enabling Fifth Third and Eldridge to create new opportunities and deliver measurable value for clients and stakeholders.
Payroc’s acquisition of payment orchestration platform BlueSnap to enable it to offer end-to-end global card acquiring and eBanking processing capabilities to merchants, ISVs and embedded fintechs via a unified platform
Payroc WorldAcces is acquiring BlueSnap, a global payment orchestration and AR automation platform. This strategic acquisition unites Payroc’s direct-connect acquiring infrastructure across the U.S., Canada, and Puerto Rico, and transforms Payroc’s capabilities by adding BlueSnap’s robust global and enterprise capabilities. The transaction is expected to close in Q3 2025 and is subject to regulatory approval and other customary items. The acquisition creates a unified acquiring powerhouse that offers both end-to-end global card acquiring and eBanking processing capabilities to merchants, ISVs, and embedded technology partners, including: Global CNP Leadership & Routing Optimization: Accept card-not-present, electronic check and alternative payments in 47 countries, 100+ currencies, and 36+ local methods through a single API. BlueSnap’s intelligent routing and fraud prevention tools improve authorization rates and reduce cross-border costs. AR Automation & Cash Flow Efficiency: Accelerate receivables with embedded invoicing, subscription billing, and automated reconciliation. Real-time dashboards and out-of-the-box workflows simplify billing and collections. Enterprise-Grade Scale & Partner Ecosystem: Trusted by global enterprises and integrated with leading ISVs, ERP platforms, and embedded fintechs. Global Footprint & Compliance Excellence: Local acquiring, combined card and electronic check, dynamic and FX currency conversion, routing and interchange optimization, consolidated and detailed reporting, and managed clearing ensures cost-effective processing and regulatory compliance worldwide.
Payroc’s acquisition of payment orchestration platform BlueSnap to enable it to offer end-to-end global card acquiring and eBanking processing capabilities to merchants, ISVs and embedded fintechs via a unified platform
Payroc WorldAcces is acquiring BlueSnap, a global payment orchestration and AR automation platform. This strategic acquisition unites Payroc’s direct-connect acquiring infrastructure across the U.S., Canada, and Puerto Rico, and transforms Payroc’s capabilities by adding BlueSnap’s robust global and enterprise capabilities. The transaction is expected to close in Q3 2025 and is subject to regulatory approval and other customary items. The acquisition creates a unified acquiring powerhouse that offers both end-to-end global card acquiring and eBanking processing capabilities to merchants, ISVs, and embedded technology partners, including: Global CNP Leadership & Routing Optimization: Accept card-not-present, electronic check and alternative payments in 47 countries, 100+ currencies, and 36+ local methods through a single API. BlueSnap’s intelligent routing and fraud prevention tools improve authorization rates and reduce cross-border costs. AR Automation & Cash Flow Efficiency: Accelerate receivables with embedded invoicing, subscription billing, and automated reconciliation. Real-time dashboards and out-of-the-box workflows simplify billing and collections. Enterprise-Grade Scale & Partner Ecosystem: Trusted by global enterprises and integrated with leading ISVs, ERP platforms, and embedded fintechs. Global Footprint & Compliance Excellence: Local acquiring, combined card and electronic check, dynamic and FX currency conversion, routing and interchange optimization, consolidated and detailed reporting, and managed clearing ensures cost-effective processing and regulatory compliance worldwide.
Ramp’s AI agents for controllers apply context-aware, human-like reasoning to manage entire workflows independently and automatically enforce company expense policies at scale, eliminate unauthorized spending, and prevent fraud
Ramp announced its first AI agents, agents for controllers, to automatically enforce company expense policies, eliminate unauthorized spending, and prevent fraud. Ramp’s agents for controllers eliminated redundant tasks, working autonomously to review expenses and enforce policy. Ramp’s agents for controllers apply context-aware, human-like reasoning to manage entire workflows independently and proactively. Unlike traditional automation that relies on basic rules and conditional logic, these agents reason and act on behalf of the finance team, working independently to enforce spend policies at scale, immediately prevent violations, and continuously improve company spending guidelines. Ramp agents are meticulous, auditable, and consistent, escalating issues when needed and providing a clear audit trail for every decision. Early customers reported 99% accuracy in expense approvals. Ramp agents are powered by Ramp Intelligence, Ramp’s AI platform that automates expense reporting, data entry, contract review, and accounting accuracy. Agents learn and adapt directly from company policies and feedback from users to: Approve low-risk expenses or provide a recommendation with rationale to the approver; Alert of suspicious receipts and invoices; Answer employee questions about spend policy; Uncover trends that signal fraud or careless spend; and Suggest edits to company expense policies based on usage and feedback
B2B firms are betting on Time-to-Cash as a key lever to manage volatility by expanding focus beyond days sales outstanding (DSO) to revenue realization, disbursement strategy, working capital optimization and the underlying technology stack
While some businesses are implicitly embracing the TACO (the acronym being used for “Trump always chickens out”) trade and counting on the administration ultimately backing down, the most forward thinking B2B firms are betting on time to cash mastery by treating liquidity not just as a financial metric but as a dynamic business asset. Time to cash (T2C) is a strategic framework that reimagines how enterprises manage the end-to-end flow of money — from invoice issuance to final reconciliation in the bank account. More than a narrow look at days sales outstanding (DSO), T2C spans revenue realization, disbursement strategy, working capital optimization and the underlying technology stack that enables it all. Companies that can both accelerate inflows and intelligently manage outflows may be able to enjoy a material advantage in volatility by reinvesting faster, borrowing less and pivoting with precision. Time to cash now encompasses lead qualification, contracting, fulfillment, invoicing, collections and even embedded finance. The sales-to-cash cycle remains an operational blind spot in many organizations. But finance teams are beginning to assert more control by partnering with sales, credit and collections to streamline invoicing, reduce disputes and better segment customers by risk profile. Intelligent accounts receivable (AR) systems can tailor outreach based on customer behavior, apply payments at the invoice level and trigger dynamic collections workflows. When orchestrated well, revenue realization becomes a repeatable engine. What distinguishes high-performing firms is a cash-first culture. One that embeds liquidity awareness into daily operations across sales, procurement and operations.
Deutsche Bank goes live with Swift’s new API-driven Instant Cash Reporting (ICR) tool that delivers corporates immediate, on-demand access to real-time account and balance information with a single, standardised connection using the ISO 20022 data model
Deutsche Bank has gone live with Swift’s new API-driven Instant Cash Reporting (ICR) tool for accessing real-time account and balance information with a single, standardised connection. As part of Deutsche Bank’s expanding API capabilities, ICR delivers immediate, on-demand financial data access to corporate clients through the Swift infrastructure. Spain-based energy firm Iberdrola is first client to implement ICR in its treasury. Through ICR the bank’s clients can collect real-time account and balance data via a single access point using the ISO 20022 data model and secure JSON format. Swift acts as the central connector, routing API pull requests from corporates to Deutsche Bank. eutsche Bank responds with standardised account data in JSON format, tailored to the corporate’s selected accounts or full account set, based on the associated Swift BIC. Johnny Grimes, head, corporate ash product, Deutsche Bank, says: “ICR addresses the key demand of corporates for multi bank solutions and consistent standards in the API space to simplify adoption.” ICR is currently accessible to Swift-connected corporates and financial institutions. Deutsche Bank says it welcomes other banks and corporates joining initiative to support scaling up the usage of multi-bank API solutions.