Fashionable treasury options firm Qolo has cast a “strategic alignment” with Huntington Nationwide Financial institution.
The alignment comes as the 2 corporations 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 going through banks in relation to treasury administration lately. 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 revealed its 2025 World Treasury Survey which confirmed how “the function of treasury continues to evolve right into a extra strategic, modern and data-driven associate” that could be a basic 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 cost centralization mannequin. 65% of organizations queried stated that they’re planning to develop API use within the subsequent few years.
That is the context wherein we study that trendy 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 corporations introduced the launch of a brand new digital account administration (VAM) platform, Related Deposits, for Huntington Nationwide Financial institution’s business clients.
“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 nearly 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 guardian account. The brand new providing is designed to assist the financial institution’s company clients 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 handbook cost reconciliations. As an alternative, Related Deposits, with its real-time visibility into money positions throughout all entities and initiatives, not solely enhances compliance and danger controls, but in addition generates new price earnings alternatives for banks by way of trendy treasury companies.
“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 shoppers,” Huntington’s head of nationwide deposits, Alex Tsarnas, stated. “This platform strengthens our means to serve shoppers 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 offered banks with fintech performance that labored in tandem with their present programs, enabling them to supply their clients a variety of latest companies with out the necessity to endure a disruptive, wholesale core substitute.
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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