Trendy treasury options firm Qolo has cast a “strategic alignment” with Huntington Nationwide Financial institution.
The alignment comes as the 2 firms unveiled a brand new digital account administration (VAM) platform, Related Deposits, and follows a strategic funding Huntington made in Qolo earlier this yr.
Headquartered in Fort Lauderdale, Florida, Qolo made its Finovate debut at FinovateFall 2022 in New York.
There may be a variety of challenges dealing with banks on the subject of treasury administration as of late. Rate of interest uncertainty, rising regulatory scrutiny and compliance prices, working capital optimization, and know-how challenges—from modernization to cybersecurity—are all points which have made treasury administration that rather more troublesome for CFOs, treasury managers, and their groups.
Over the summer season, PwC printed its 2025 International Treasury Survey which confirmed how “the function of treasury continues to evolve right into a extra strategic, revolutionary and data-driven accomplice” that could be a elementary a part of worth creation for companies. Quantitatively, the survey famous that roughly 40% of its 350 respondents—treasurers from all over the world—stated that they weren’t leveraging an in-house banking or fee centralization mannequin. 65% of organizations queried stated that they’re planning to develop API use within the subsequent few years.
That is the context during which we study that fashionable treasury options supplier Qolo has introduced a “strategic alignment” with Huntington Nationwide Financial institution. The alignment follows a minority strategic funding the monetary establishment made within the Fort Lauderdale-based fintech earlier this yr, and comes as the 2 firms introduced the launch of a brand new digital account administration (VAM) platform, Related Deposits, for Huntington Nationwide Financial institution’s business prospects.
“Our alignment with Huntington displays a shared imaginative and prescient for the way forward for business banking,” Qolo Founder and CEO Patricia Montesi stated. “Treasury administration is getting extra advanced and dynamic throughout virtually each trade, making Digital Account Administration instruments just like the one Huntington is launching with Qolo more and more important. Collectively, we’ve constructed an answer that empowers companies to function with better agility, transparency, and management.”
Related Deposits is a Digital Account Administration (VAM) platform, constructed on Qolo’s know-how, that permits real-time money visibility, automated reconciliation, and seamless fund segregation for multi-entity companies—all inside a single mum or dad account. The brand new providing is designed to assist the financial institution’s company prospects higher handle their advanced operational wants—from funds to reporting—by way of an API-first structure.
Qolo anticipates that Related Deposits will present banks how know-how can improve treasury administration by decreasing account upkeep prices and eliminating guide fee reconciliations. As a substitute, Related Deposits, with its real-time visibility into money positions throughout all entities and tasks, not solely enhances compliance and threat controls, but in addition generates new payment revenue alternatives for banks by way of fashionable treasury providers.
“With Qolo’s know-how powering Related Deposits, we’re in a position to provide enhanced effectivity throughout advanced money administration wants for our business purchasers,” Huntington’s head of nationwide deposits, Alex Tsarnas, stated. “This platform strengthens our means to serve purchasers with specialised necessities whereas reinforcing Huntington’s dedication to innovation and client-centric options.”
Based in 2018 and headquartered in Fort Lauderdale, Florida, Qolo made its Finovate debut at FinovateFall 2022 in New York. On the convention, the corporate demonstrated how its Companion Core supplied banks with fintech performance that labored in tandem with their present methods, enabling them to supply their prospects a spread of recent providers with out the necessity to endure a disruptive, wholesale core alternative.
Take a look at our interview with Qolo’s Montesi from FinovateFall 2025 final month.
Photograph by Daniel Halseth on Unsplash
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