Celebrating AutoFX: 10 years of treasury innovation

20-02-2026

Ten years ago, Nordea built AutoFX with a large global corporate, driven by a simple vision: to help corporate treasuries automate daily FX tasks. Today, as we celebrate this milestone, we’re witnessing a shift in how companies approach treasury automation – moving from operational efficiency to strategic enablement.

In 2026, Nordea marks 10 years of FX automation – a journey that has transformed not only how treasuries operate, but also what they can aspire to do. What began in 2016 as a simple rule-based spot-trading robot has grown into a comprehensive treasury autopilot used by thousands of companies across the Nordics and beyond.

From early adopters to widespread use

In the early years, automation was primarily embraced by mid-sized and tech-driven corporates looking to apply the tools and strategies of larger peers. Automating time-consuming daily tasks like account monitoring, topping up balances or converting routine flows gave treasury teams valuable time back – freeing them to focus on more value-adding work.

Today, the picture has changed. Adoption has broadened across industries and company sizes, and automation has become a standard item on the treasury agenda. At Nordea, this evolution has also deepened the collaboration between our FX and Cash Management teams to build sophisticated liquidity management solutions.

Clients are driving the next wave of innovation

Another shift is also underway. In the early days, Nordea had to promote automation and persuade clients that it was the right path forward. Today, it’s often the opposite—clients come to us with specific challenges, and we either adapt existing solutions or co-create new ones. Because our customer base is wide and deep, solutions built for one frontrunner can often be scaled to benefit many others.

New examples include:

Automating balance-sheet hedging, including accounts payable/receivable and intercompany exposures, to ensure consistent and efficient risk management
Real-time ERP-driven workflows
Invoice-based hedging at a scale impossible to handle manually
Automation frameworks that ensure subsidiaries stay within group policy in fast-moving markets

What was once operational efficiency has become strategic enablement – providing capabilities that treasury teams couldn’t achieve manually.

Client stories: FX automation in practice

With FX Automation, I save time and we can hedge our business in a much more efficient way than if the work were done manually.

Per Westermark, Treasury Arvid Nordquist

Founded in 1884, Arvid Nordquist has grown from a small delicatessen in Stockholm to a Nordic family business renowned for its uncompromising focus on quality. Now led by the third generation, the company continues to build on its heritage of craftsmanship and care, offering premium taste experiences while staying true to the values that shaped its beginning.

As a global company with currency flows from almost all markets, FX automation has been crucial for efficiently managing our FX strategy. AutoFX has been a stable part of our treasury setup for over ten years, providing control, scalability and time for more value-creating tasks.

Mikaela Rumenius, Head of Financial Markets, Spotify

Audio streaming giant Spotify has experienced a meteoric rise since its early days as a small startup in Stockholm, Sweden. Over nearly two decades, the company has grown into the world’s most popular audio streaming platform, with 751 million monthly active users, including 290 million subscribers in more than 180 countries.

By automating currency exchanges across our subsidiaries, we not only optimise our cash balances, we reduce the impact of currency differences in the local income statements and create clarity and free up resources for what truly creates value.

Sara Nilsson, Head of Group Controlling, Vitec Group

Vitec, a Nordic leader in vertical software with roots in Umeå, develops specialised, business‑critical solutions used across a wide range of industries. Built on a strong entrepreneurial foundation, the company shares a clear purpose across its teams: to create reliable software that supports essential operations and adds value to society.

Looking ahead

As treasury functions and smaller finance departments become more digitised, supported by richer data, tighter integrations and new AI-driven processes – FX automation will continue evolving. What started with simple rules has become a sophisticated, flexible platform spanning liquidity management, hedging, API-based execution and beyond.

The next decade will be defined by the same force that brought us here: partnership with our clients.

A decade of impact – and a milestone worth marking

If a typical FX trade takes around 10 minutes to perform manually, Nordea’s automation solutions now save clients thousands of working days each year. This contribution has been recognised globally: Nordea was named World’s Best Bank for Treasury FX Services in the 2024 Global Finance Awards.

Automation is no longer just about speed – it’s about resilience, precision and the ability to operate strategically in volatile markets.

See the top 10 reasons to automate your treasury workflow

Want to know more about our automated solutions or just get started with currency risk management? Get in touch with us!

SWEDEN
Phone: +46 8 407 91 00
Email: markets.se [at] nordea.com (markets[dot]se[at]nordea[dot]com)

DENMARK
Phone:+45 3343 9786
E-mail: markets.dk [at] nordea.com (markets[dot]dk[at]nordea[dot]com)

NORWAY 
Phone: +47 2248 7860
E-mail: markets.no [at] nordea.com (markets[dot]no[at]nordea[dot]com)

FINLAND
Phone +358 9 369 49 090
E-mail: fxflowfi [at] nordea.com (fxflowfi[at]nordea[dot]com)

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