Kyriba

Corporate Treasury: Approaches to In-House Banking

Report date: 
21 Apr 2026

Commentary

Cash pooling and sweeping is one of the most basic and widespread tools in modern cash management. To the extent allowed under exchange controls and regulations, it is important to bring all the liquidity into a central entity, and avoid having cash balances earning little to no interest, while some entities are borrowing and paying spreads. 

By definition, this central entity performs the functions of a bank: it is taking deposits and making loans - for tax reasons, it needs to pay and charge interest on the balances. This also means it faces a lot of the challenges banks have: it needs good systems to track the loan balances and calculate and post the interest, and it also needs to ensure any FX exposures are properly identified and managed. Of course, it also needs to have access to sufficient group funding to meet the group’s net cash needs.

Unsurprisingly, once they have set up the relevant structures, many treasurers find they can be used to provide additional functions: POBO (Payment On Behalf Of) is quite common; ROBO (Receive On Behalf Of) exists but is less frequent. Some, but not all, have used their in-house banks to eliminate intercompany netting: any transaction between group companies gives rise to a debit or a credit to their accounts with the IHB, which will be cash settled or not in accordance with regulations and cash management policies. The central entity can also be used for FX management, executing trades with the market and doing back-to-back intercompany hedges. 

In this call, peers went through the systems they use, and gave a frank assessment of the benefits and drawbacks of IHBs – it is not all plain sailing. 

 

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Topics covered in this report: 
in-house bank, Netting, Cash Pooling - cross border, POBO/ROBO, Funding, Hedging FX, Virtual accounts
Service providers discussed in this report: 
Chatham Financial, Citi, FIS, Wall Street Systems, Kyriba, SAP, TIS, SWIFT

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Banking & Cash Management Challenges in South East Asia

Report date: 
10 Jul 2025

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CXC reports are based on confidential peer discussions between senior corporate treasurers sharing their solutions to complex treasury challenges.

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Topics covered in this report: 
ASEAN, Bank Relationships, Cash Pooling - cross border, Cash Pooling - domestic, Trapped cash, KYC, Cash Repatriation, FX, Regional Treasury Centre, Regulatory relationships
Service providers discussed in this report: 
JP Morgan, DBS, Standard Chartered, Deutsche Bank, Citi, HSBC, Bank Ayudhya (MUFG), MUFG, Mizuho, Bank of America, Bank of PhilippineIslands, Bank Negara Malaysia, Bangkok Bank, Kyriba, Starfish Digital

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Corporate Treasury: Approaches & Experiences with Multilateral Netting

Report date: 
23 Jun 2025

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Topics covered in this report: 
Bank Relationships, Netting, intercompany netting, Intercompany loans, In house bank, POBO/ROBO, Hedging FX
Service providers discussed in this report: 
CoProcess, GTreasury, Kyriba, it2, Finastra, Integrity

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Managing Corporate Treasury with Spreadsheets

Report date: 
13 Mar 2025

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Topics covered in this report: 
Technology
Service providers discussed in this report: 
360T, Finastra, Kyriba, GTreasury, Bank of America, HSBC, CashAnalytics, ChatGPT, Python, Box, SharePoint, PowerBI, Excel, Trovata, HighRadius

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Plans & Experiences with AI in Cash Forecasting

Report date: 
17 Sep 2024

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CXC reports are based on confidential peer discussions between senior corporate treasurers sharing their solutions to complex treasury challenges.

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Topics covered in this report: 
AI, Cash forecasting
Service providers discussed in this report: 
TIS, Cashforce, Kyriba, SAP, FIS, JP Morgan

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Corporate Treasury : Kyriba TMS User Experiences

Report date: 
10 Jun 2024

In the CXC Treasury Technology Benchmark we gather unfiltered feedback from treasurers who actively use major TMS platforms. Unlike insights shaped by vendors' marketing materials, our approach is akin to independent product reviews, offering candid user experiences in a confidential setting.

This session focused on Kyriba, one of the most frequently discussed TMSs in treasury circles. Given the sensitivities around corporate relationships with providers, we have taken extra precautions to ensure anonymity.

The discussion provided valuable insights into user satisfaction, areas of strength, and recurring challenges. While some features received consistently positive feedback, perspectives varied widely on others. Certain factors emerged as significant concerns for multiple participants, influencing their long-term outlook on the system.

For those considering a TMS or evaluating their current setup, this report delivers a nuanced view of Kyriba from the perspective of experienced users. The full version contains detailed, practical insights that could be instrumental in shaping treasury technology decisions.

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Topics covered in this report: 
Technology
Service providers discussed in this report: 
Kyriba

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Corporate Treasury KYC & AML Issues and Approaches

Report date: 
29 Nov 2023
Topics covered in this report: 
AML, KYC
Service providers discussed in this report: 
JP Morgan, Citi, Barclays, Standard Chartered, ING, Santander, BNP Paribas, Bank of America, SWIFT, Kyriba, Ethixbase, CoorpID, HSBC, Avallone

Please email Rupert at rupert@complexcountries.com if you have any comments to add, or discussion points you would like to raise on this topic.

Corporate Treasury Technology Roadmaps

Report date: 
1 Sep 2023

Commentary

Technology is changing the way many businesses work: with online commerce, many traditionally B2B businesses are moving to B2C. Logistics and supply chains are being transformed. Ride hailing and food delivery services operate real time payment systems. Assets we used to buy are increasingly available as a service, often linked to the internet of things.

Where are our banks in this turmoil? And how are treasurers adapting? We wanted to get a first view. Judging by the response we received, we are clearly not alone in being very interested.

This report is long – even the summary takes several pages, and it does not capture all the nuances. It is well worth reading the detail – it clearly lays out the challenges treasurers are facing.

Business transformation

For the time being, treasurers are adopting a wait-and-see approach to business changes. When the business moves to B2C, or becomes a full asset as a service enterprise, treasury will adapt accordingly. In the meantime, treasurers see no need to get ahead of the business, or even necessarily be a change agent.

On the other hand, CXC members who are in the new, online enabled industries are, of necessity, proving to be early adopters of the new technologies.

Communicating with banks

Over the years, centralised global and regional treasury management has been enabled by online banking tools with balance reporting, remote account management and payment initiation.

This has brought enormous benefits to treasury management. But it is not perfect:

  • Mostly, the data is not real time. It is often yesterday’s balance and transactions
  • There are many different tools: host to host, e-banking systems, SWIFT reporting, APIs
  • Security protocols remain a conce

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Topics covered in this report: 
API, Technology
Service providers discussed in this report: 
Kyriba, FIS, Reval, Ion, Wall Street Systems

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Treasury & FX in Thailand

Report date: 
27 Sep 2022

Commentary

Thailand is a large and relatively prosperous country, with an area close to that of France and a population of nearly 70 million. It has a long tradition of fierce independence – it is the only country in the region which was never colonised. Today, the country participates actively in the global and regional economy – it is a member of ASEAN, but it retains a distinctive approach.

 

The result is a country which is modern and business friendly, but which continues to present some challenges. Generally, our participants find that it works: they are able to do cross-border funding into, and out of, Thailand, and include it in various cash pools. But there are remnants of FX controls – recently relaxed – and it can be challenging to know exactly what the rules are. 

 

Main highlights:

  • It is easy to convert Thai bhat (THB) into foreign currency, usually the USD. Traditionally, there have been documentation requirements, but many participants find these are being relaxed.
  • During the Asian crisis of 1997 to 1998, Thailand forbade the remittance of THB out of the country. This is now allowed, but apparently for the settlement of THB denominated invoices: the consensus was that it.......continues
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Topics covered in this report: 
Cash Pooling - domestic, Cash Pooling - cross border, Funding, Intercompany loans, intercompany netting, Investments
Service providers discussed in this report: 
HSBC, JP Morgan, Bank of America, Deutsche Bank, Kyriba

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