Kyriba Platform Selected by Thales for Payments Management
Paris – 21 of July 2021 — Kyriba, one of the global leaders in cloud treasury, payments and finance solutions, has announced that Thales, the technology group specializing in aerospace, digital identity & security, ground transport, defense and security, has selected Kyriba to accelerate the digital transformation and security of its global payments platform.
This project is part of the modernization of Thales’s treasury tools and their migration to the cloud. Thales will have access to all Kyriba’s Connectivity-as-a-Service functionalities (including its global bank formats library and Swift GPI connectivity), as well as advanced payment security services (fraud detection including artificial intelligence technologies) and integrated management tools based on business intelligence. Thales will also benefit from a Service Bureau integrated into the Kyriba solution.
“Given our very strong international presence, we were looking for a partner capable of supporting us in all of our geographies, and offering an end-to-end payment solution that meets our security requirements. This project will enable more than 150 subsidiaries to make payments in 34 countries, through harmonized processes and workflows,” said Jean-Claude Climeau, VP, Treasury and Finance, Thales.
“We are very happy to welcome Thales to the Kyriba platform. Innovation and safety are part of our common DNA. This project shows Kyriba’s ability to meet the requirements expected in these areas by a major technology player. With this project, Thales will also benefit from Kyriba’s approach to achieve more active liquidity management,” said Guillaume Rocher, VP Southern Europe, Kyriba.
Kyriba empowers CFOs, Treasurers, and their IT counterparts to transform how they optimize financial technology solutions, de-risk ERP cloud migration, and activate liquidity as a dynamic, real-time vehicle for growth and value creation. With 2,000 clients worldwide, including 25 percent of Fortune 500 and Eurostoxx 50 companies, Kyriba’s pioneering Connectivity as a Service platform integrates internal applications for treasury, risk, payments and working capital with vital external sources such as banks, ERPs, trading platforms, and market data providers. Kyriba is a secure, scalable SaaS platform that leverages artificial intelligence, automates payments workflows, and enables thousands of multinational corporations and banks to maximize growth opportunities, protect against loss from fraud and financial risk, and reduce operational costs. Kyriba is headquartered in San Diego, with global offices in the Americas, Europe, Asia Pacific, and other major locations. For more information, visit www.kyriba.com.
• EMEA, Caroline Peyrat, c[email protected],