OpenbanQ and Treasury Delta are delighted to announce a partnership to simplify and automate Requests for Proposals (RFPs) processing for corporate transaction banking, cash management and treasury management system (TMS) selection. This collaboration will now provide a unique offering to assist French corporates, banks and TMS vendors operating in that marketplace to transact in a more efficient way using digital technology.

OpenbanQ, a treasury consultancy firm specialised in digital transformation for treasurers, cash managers and transactional bankers has partnered with Treasury Delta to promote a new corporate treasury tender platform technology. OpenbanQ sees a huge opportunity in France to create an ecosystem and connect the dots between innovative Fintech’s, like Treasury Delta, to digitise the way treasurers, bankers and consultants interact on a day-to-day basis. OpenbanQ positions itself as a consultant “à la demande” to better serve a corporate’s ever-changing needs and match it to the relevant bank/treasury offerings from the marketplace.

OpenbanQ are thrilled to partner with Treasury Delta an Irish FinTech firm. Treasury Delta ́s niche service offering enables treasury advisory firms, like OpenbanQ, to transact complex treasury related projects and RFPs on behalf of French corporates in a more efficient and cost-effective way.

With a vast experience in transaction banking and more than 20 years in the banking sector with global banks, Julien Achard, OpenbanQ CEO says: “Treasury Delta’s technology solves a major problem by simplifying the RFP process and presenting corporates with a real value proposition from the marketplace. On the corporate side, treasury departments issue RFPs every 3 years (on average), but due to lack of time and expertise it may be a lot longer. On the bank side, and from my previous experience, receiving a RFP is always a source of nervousness if you are the incumbent bank. Most banks will have a dedicated RFP team in place to answer the various and sometimes opaque questionnaires received and deal with all the internal calls and queries involving compliance, product and sales team so that they can customise a best-in-class solution for each corporate client. Thanks to Treasury Delta’s platform, it is a win-win solution! Each corporate can easily issue a specific treasury tender by using proprietary methodologies that can be customised for their organisation, account structure, liquidity management and banking relationship requirements. From the banks perspective they can re-use components of previous solutions which will save the bank significant time and costs. Through the platform those selected banks will also receive real time treasury data shared by the corporate so that they will be in a better position to serve their corporate clients and prospects on future ancillary business needs. Based on my extensive banking experience this information is invaluable for corporate bankers as the platform can be used within a bank as a single corporate treasury CRM system. This is why OpenbanQ are so excited about this new partnership with Treasury Delta.”

“For FinTech startups, like Treasury Delta, market validation from industry experts in corporate banking, like Julien Achard, is key to developing and scaling our business. We’re really excited about this new partnership and market opportunity in France and look forward to collaborating with OpenbanQ.” Padraig Brosnan, Founder and CEO.

For further information, please feel free to contact us:  https://www.openbanq.com +33(0)6.38.30.49.86