Kyriba, a pioneer of liquidity network solutions, has recently announced a partnership with a leading tech organization, Midis Group. Midis Group comprises of around 170 companies across 70 EMEA countries.
The partnership will significantly help governments, banks, and finance leaders offer localized services & support in these countries. These solutions aid in resolving various challenges in managing and understanding the liquidity with market-leading, sophisticated solutions of cloud-based Active Liquidity Network of Kyriba. The network centralizes FX risk, supply chain finance, payments, cash, and liquidity management.
According to Frederic Marret, Webcor Group’s CFO, digital transformation in the finance industry has become a successful business strategy that drives new growth opportunities in the MEA and emerging markets. The integrated payment solutions of Kyriba will assist the company in offering robust connectivity to the global banks amid rising challenges due to the COVID-19 pandemic. This will also offer real-time visibility for liquidity and cash, which can lead to an efficient management of risks and international regulatory requirements.
Jean-Luc Robert, Kyriba’s CEO & Chairman, has stated that the partnership deal will allow the company to blend native expertise with international solutions to ensure the real transformation and growth of companies across several emerging markets. Additionally, this will enable the banks, governments, & corporate CFOs in these regions to deliver modern solutions to navigate the way to recover in the new global business landscape.
Midis Group consists of more than 5,000 leading IT & finance consultants who have formed a partnership with the world’s largest firms. The recent partnership will become the 17th deal entered by the company to bring about customer service, expertise, and implementation success. Its expertise in managing the tax, language, government, and financial requirements will significantly serve its clients.
Amer Chebaro, Midis Group’s General Manager, has stated that the company and Kyriba will provide modern solutions and native expertise that will help reduce the payment fraud or FX volatility risks and enable the clients to connect with international banking systems and global economy.