Nordea named world’s best bank for treasury FX services

If the calculation and execution of an FX trade typically takes around 10 minutes, Nordea’s services are currently saving our clients thousands working days each year. This significant time-saving underscores the pioneering role we as a bank have played in FX automation.

In recognition of that contribution, Global Finance has named Nordea World’s Best Bank for Treasury FX Services in its 2024 Best Treasury and Cash Management Awards. 

Our journey in FX automation began in 2016 with a simple spot-trading rule-based FX robot developed for a corporate client. Our initial aim was to automate routine treasury tasks, such as monitoring accounts, executing FX trades based on predefined rules and managing the subsequent post-trade activities. 

Today, the solution has evolved into a comprehensive treasury management autopilot that includes daily FX, FX hedging and money market products. 

A client-centric approach

Our FX automation team is dedicated to refining our offerings based on direct feedback from our clients. This client-centric approach has helped us broaden our reach, and we now cater to thousands of clients, including major corporations, small to mid-sized corporates as well as startups. 

“It’s an honour to receive this award, and we share it with all our automation clients. Your continuous feedback and high expectations drive us to innovate and excel every day. Thank you for co-creating this award-winning solution with us; this award is as much yours as it is ours,” says Kristoffer Jansell, Director in Nordea Markets.

We’re proud to lead the charge in creating innovative solutions that not only save time, but also reduce risks and optimise the financial outcomes for our clients. They enable corporate treasuries to shift their focus from repetitive daily tasks to strategic activities that benefit the company.