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San Diego, CA – April 17th, 2008
- Kyriba Corporation, the leader
of Web-based cash and treasury management solutions, is pleased to offer its customers
direct access to SWIFTNet for bank communications. SWIFTNet access is made possible
via Kyriba’s strategic partnership with Bred Banque Populaire’s, “Service
Bureau”, acting as a SWIFT Member Concentrator. Kyriba customers will benefit
from all Corporate services developed by SWIFT, without administrative or
technical complexity. More
and more corporations are joining SWIFTNet to take advantage of globally standardized
bank communications as well as the cost savings benefits. For small and medium-sized
corporations, building and maintaining a SWIFTNet infrastructure can be an
administrative challenge and costly endeavor. Outsourcing the administration
and connectivity is more efficient and allows corporate treasuries to
concentrate on their core business.
Through
the relationship with Bred Banque, Kyriba will supply its customers with a SWIFTNet
connection and be responsible for obtaining the BEI code, ongoing maintenance,
SWIFT upgrades, and for managing SWIFT invoices.
“We
are glad to see the Member Concentrator model attracting partners such as
Kyriba/Bred Banque, and allowing new corporate customers to join SWIFT more
easily”, said Luc Meurant, Head of Corporate Access Programme, SWIFT. “SWIFT is
well known as the global provider of secure financial messaging services.
Partnering with companies like Kyriba/Bred Banque, who simplify and enable
corporate usage, is an important part of our strategy and we welcome them and
their customers to SWIFT.”
“A
significant advantage of the Kyriba treasury solution is our Communications
Hub, a state-of-the-art platform, which will be integrated with SWIFT”, stated Jean-Luc Robert, CEO for Kyriba Corporation.
“Providing SWIFT connectivity shows Kyriba’s ongoing commitment to provide the
best service to our customers, while continuing to grow the company through our
development efforts, strategic partnerships, and customer acquisitions.”
About Kyriba Corporation
Kyriba
is a leading provider of Treasury solutions delivered under the Software as a
Service (SaaS) model. Customers use the
automated online system to better control their daily cash management tasks
including bank balances, transaction reporting, payments, cash positioning /
forecasting, automated general ledger posting and investment portfolio
reporting. The system automatically collects bank statements and facilitates
automated cash, bank, and ledger reconciliations through Kyriba’s daily bank
connectivity monitoring service. The
solution also meets stringent Sarbanes-Oxley 404 audit trail, workflow, and
control requirements and provides seamless integration with third-party
applications. Founded in 2000 and based
in San Diego, New York,
Paris and Rio
de Janeiro, Kyriba serves a global client base of more
than 130 corporate treasuries, insurance companies and financial institutions.
Media contact:
Leslie
Regino, Kyriba Corporation, 646-378-2131, lregino@kyriba.com
For more information, visit
www.kyriba.com
About BRED Banque Populaire
BRED Banque Populaire is the largest regional bank within Banque Populaire
Group, one of the leading banking networks in France. BRED Banque Populaire was
the first French Bank to switch to SWIFTNet, and it is among the first world
broadcasting issuers of FileAct today.
BRED Banque Populaire is
a cooperative bank, with a total shareholder equity of 340,312,500 million Euros.
Based on a jurisdiction including the Paris
area, Normandy
region and French overseas territories, BRED Banque Populaire has developed
strong know-how for servicing demanding large corporate and economic
institutions. As such, BRED Banque Populaire is known for its strong innovative
ability, for creating high value services, especially for cash flow management,
and for dedicated e-business services. Keys figures: over 3,500 employees, 697,000
customers serviced through 330 branches, net banking income - 822 million Euros
in 2007, net profit – 230,. million Euros.
Media contact:
Françoise La Balme - +33 1-40047223, francoise.la-balme@bred.fr
Quitterie de La Rochefordière - +33
1-40047395, quitterie.de-la-rochefordiere@bred.fr
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