Société Générale and Kyriba join forces to streamline FX hedging

Paris – February 20, 2024 — Societe Generale and Kyriba announce the launch of connectivity between Kyriba’s financial transaction management module and SG Markets, Societe Generale’s BtoB platform.

This API*-based connectivity between Kyriba and SG Markets platforms provides the opportunity for their mid-cap company clients (mid-caps) in France to execute their hedging with a single click. Hedges arranged in Kyriba are then automatically pre-populated in the SG Markets platform to be executed. Societe Generale’s clients only have to validate the execution. Also, this connectivity eliminates the work of reconciliation. SG Markets updates FX positions in Kyriba, automatically and in real-time.

Single entry offers two significant advantages to Finance Departments:

• Reducing execution and reconciliation risks.
• Optimizing the execution of hedging policies and to implement new, more efficient organizational perspectives.

“The API connectivity between our SG Markets platform and Kyriba’s is benefiting our joint clients who are seeing their journeys become simpler, helping them to better manage their financial risks and optimise their own processes,” said Claude Piana, Head of Digital and Data Solutions for Corporates within Societe Generale’s Markets business.

“Currency market volatility continues to impact the financial performance of European companies. The partnership set up with Societe Generale allows us to expand our solutions for optimizing foreign exchange risk management. Together, we are creating even more value for our joint customers,” said Edi Poloniato, Global Head of Banking Solutions at Kyriba.

Societe Generale
Societe Generale is a leading European bank with 117,000 employees serving 25 million customers in more than 60 countries around the world. We have been supporting the development of our economies for nearly 160 years, offering our corporate, institutional and retail clients a wide range of advisory services and value-added financial solutions. Our long-lasting and trusting relationships with clients, our cutting-edge expertise, our unique capacity for innovation, our ESG competencies and our leading franchises are part of our DNA and serve the core of our purpose: to create sustainable value for all our stakeholders.

The Group operates in three complementary business areas, integrating ESG offerings for all its clients:

• Retail Banking in France, Private Banking and Insurance with SG Retail Banking, Private Banking, Insurance and BoursoBank, leader in online banking.
• Corporate & Investment Banking & Investor Solutions, a leading player that offers tailor-made solutions to large corporations and investors with a unique global leadership in equity derivatives, structured finance and ESG.
• International Retail Banking, Mobility and Leasing Services, bringing together universal banks that are well established in their markets (in the Czech Republic, Romania and several African countries), Ayvens (new brand ALD I LeasePlan), a global player in sustainable mobility, as well as specialized financing activities.

Committed to building a better and sustainable future with its clients, Societe Generale intends to be a leading partner in the environmental transition and sustainable development in general. The Group is included in the main sustainability indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders Index, and MSCI Low Carbon Leaders Index (Global and Europe).

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About Kyriba Corp.
Kyriba empowers CFOs, Treasurers and IT leaders to transform liquidity performance and drive value creation through data-driven financial decisions. Kyriba is a secure, scalable SaaS platform that delivers intelligence and financial automation enabling thousands of multinational corporations and banks to maximize growth, improve financial resilience and increase operational efficiency. For 3,000 clients worldwide, including 25% of Fortune 500 and Euro Stoxx 50 companies, Kyriba manages more than 3 billion bank transactions and $15 trillion in payments annually.

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Press Contacts:
Societe Generale
Maïté Rakotoarisoa
+33 1 57 29 15 44
[email protected]
Kyriba
Natalie Paffmann –
[email protected]