National Australia Bank (NAB) is launching NAB Liquidity+, a digital corporate cash management platform, in collaboration with Trovata to enhance capital management and support corporate clients’ working capital initiatives using AI technology.
Facts
- NAB Liquidity+ is a new digital corporate cash management, analytics, and forecasting platform developed by National Australia Bank (NAB).
- NAB’s corporate clients will benefit from real-time cash position visibility and precision forecasting through this platform.
- The solution aims to address challenges faced by finance teams dealing with fragmented data in cash flow analysis.
- NAB’s partnership with Trovata, an automated cash management platform based in San Diego, powers this initiative.
- NAB Ventures participated in Trovata’s $27 million Series B funding in June 2022.
- NAB Liquidity+ utilizes Trovata’s AI-based technology and APIs to provide access to bank account information from both NAB and third-party accounts, consolidating cash flow insights at a group level.
- The collaboration aims to automate finance processes, allowing finance teams to focus more on strategic advising rather than spending time in spreadsheets.
