GTreasury, PNC Bank Introduce Embedded Banking Integration Through PINACLE® Connect
November 21 2024 - 3:00AM
GTreasury, the pioneer and global leader in Digital Treasury
Solutions for the Office of the CFO, and PNC Bank, one of the
largest banks in the United States, today announced an integration
with PNC’s embedded banking solution, PINACLE® Connect, and
GTreasury’s treasury and risk management platform.
Through this expanded relationship, GTreasury and
PNC Bank’s shared clients now have access to PNC’s treasury
services directly within the GTreasury treasury and risk management
platform. Clients can streamline their operations, create
efficiencies, and eliminate the need to swivel between various
partner platforms by integrating key PNC banking services,
including:
- Payment automation (ACH, wire, and real-time payments
initiation);
- Reconciliation using real-time payment status updates; and
- Real-time and historical balance and transaction reporting to
streamline cash management.
“This integration with GTreasury expands our
existing, broad portfolio of platform integrations that are
delivering the power of our Treasury Management platform within the
systems our clients use to run their businesses,” said Howard
Forman, executive vice president and head of Digital Channels for
PNC Treasury Management. “The secure, modern, scalable API-based
approach helps our clients accomplish many of their financial goals
— automating manual processes, reducing risk and optimizing their
liquidity position.”
Clients will benefit from a simplified onboarding
process that significantly reduces implementation time and the
technology resources required to complete an integration between
PNC Bank and GTreasury.
“Integrations like the one we’ve established with
PNC are essential to providing treasury teams and the office of the
CFO with the readily available tools required to optimize
efficiency,” said Victoria Blake, Chief Product Officer, GTreasury.
“PNC is a recognized leader in the embedded finance space, making
them ideal to work with to expand the transformative technology
benefits our mutual customers can enjoy.”
About PNC Bank
PNC Bank, National Association, is a member of The
PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the
largest diversified financial services institutions in the
United States, organized around its customers and communities for
strong relationships and local delivery of retail and business
banking including a full range of lending products; specialized
services for corporations and government entities, including
corporate banking, real estate finance and asset-based lending;
wealth management and asset management. For information about PNC,
visit http://www.pnc.com.
About GTreasury
GTreasury is the pioneer and global leader in
Advanced Treasury Solutions for the Office of the CFO. For nearly
40 years, GTreasury has delivered industry-leading solutions
spanning cash, payments, debt, derivatives, investments, and
exposures across a scalable suite of fit-for-purpose solutions.
Trusted by over 800 customers across 160 countries, GTreasury
provides treasury and finance teams with the ability to connect,
compile, and manage mission-critical data to optimize cash flows
and capital structures. To learn more,
visit GTreasury.com.
GTreasury is headquartered in Chicago, with
locations serving EMEA (London) and APAC (Sydney, Singapore, and
Manila).
GTreasury ContactKyle
Petersonkyle@clementpeterson.com
PNC Bank ContactChristina
DavisChristina.figg@pnc.com
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