NAB Launches AI Powered Cash Management Platform Liquidity+
(2 October 2023 - Australia) NAB has released a new AI-enabled cash management treasury, analytics and forecasting platform, NAB Liquidity+.
The platform is powered by Trovata, a NAB Ventures portfolio company. NAB Liquidity+ is designed to equip corporate customers with critical banking data, providing comprehensive and real-time visibility of their cash positions and delivering dynamic cash insights and precision forecasting.
"The bank’s ambition is to make banking fast, secure and simple for customers. Many of our corporate clients’ treasury and finance teams were grappling with large volumes of fragmented data to manually reconcile and compile cash flow analysis in spreadsheets, and we were determined to deliver a better solution" commented NAB Executive for Transaction Banking, Jonathan Adams.
“NAB Liquidity+ is a cutting-edge digital platform that can drive cash and liquidity benefits, improve capital management, support working capital initiatives and generate long-term financial confidence for customers. We recognise most large corporates have more than one banking partner and we didn’t want this to be a limitation, which is why we’ve partnered Trovata, a global leader in bank APIs and enterprise cash management" Adams added,