Kantox launches new in-house FX solution

Kantox launches new in-house FX solution

New offering simplifies FX operations for CFOs

Currency Management Automation provider Kantox has announced the launch of its new Kantox In-House FX for CFOs and treasurers to manage foreign exchange as a group.

The new automated solution allows companies to centralise the foreign exchange (FX) management and trade executions of subsidiaries.

It leverages Kantox Dynamic Hedging technology to integrate the FX operations of subsidiaries with the headquarters.

Features include 24/7 internal FX transactions, currency risk management, and one single trading entity.

Ignacio Ramos, Corporate Finance Director of Hotelbeds Group, said, “The Kantox In-House FX solution allows us to centralise our FX management in the Hotelbeds Group.

Kantox In-House FX provides internal liquidity to 22 subsidiaries, and we are able to net our exposure on a group level.”

Simon Chevoleau, chief product officer of Kantox, said: “A Central Treasury can now be much more than a simple intermediary between its subsidiaries and the banks.

“Kantox In-House FX allows the headquarters to take control, enhance and even optimise the FX capabilities for the entire group.”

"As we launch our Kantox In-House FX solution, we are proud to provide a seamless platform for companies to centralise their FX management in the most optimal and automated way,” said Antonio Rami, co-founder and chief growth officer of Kantox.

“At Kantox, we are committed to empowering businesses to navigate the complexities of foreign exchange with efficiency and confidence, providing a competitive edge in today's global marketplace.”