Trendy treasury options firm Qolo has solid a “strategic alignment” with Huntington Nationwide Financial institution.
The alignment comes as the 2 corporations unveiled a brand new digital account administration (VAM) platform, Linked Deposits, and follows a strategic funding Huntington made in Qolo earlier this 12 months.
Headquartered in Fort Lauderdale, Florida, Qolo made its Finovate debut at FinovateFall 2022 in New York.
There’s a variety of challenges dealing with banks in terms of treasury administration today. Rate of interest uncertainty, rising regulatory scrutiny and compliance prices, working capital optimization, and expertise challenges—from modernization to cybersecurity—are all points which have made treasury administration that rather more troublesome for CFOs, treasury managers, and their groups.
Over the summer time, PwC printed its 2025 International Treasury Survey which confirmed how “the position of treasury continues to evolve right into a extra strategic, progressive and data-driven companion” that may be a elementary a part of worth creation for companies. Quantitatively, the survey famous that roughly 40% of its 350 respondents—treasurers from all over the world—stated that they weren’t leveraging an in-house banking or fee centralization mannequin. 65% of organizations queried stated that they’re planning to increase API use within the subsequent few years.
That is the context wherein we study that trendy treasury options supplier Qolo has introduced a “strategic alignment” with Huntington Nationwide Financial institution. The alignment follows a minority strategic funding the monetary establishment made within the Fort Lauderdale-based fintech earlier this 12 months, and comes as the 2 corporations introduced the launch of a brand new digital account administration (VAM) platform, Linked Deposits, for Huntington Nationwide Financial institution’s industrial prospects.
“Our alignment with Huntington displays a shared imaginative and prescient for the way forward for industrial banking,” Qolo Founder and CEO Patricia Montesi stated. “Treasury administration is getting extra advanced and dynamic throughout nearly each business, making Digital Account Administration instruments just like the one Huntington is launching with Qolo more and more important. Collectively, we’ve constructed an answer that empowers companies to function with better agility, transparency, and management.”
Linked Deposits is a Digital Account Administration (VAM) platform, constructed on Qolo’s expertise, that permits real-time money visibility, automated reconciliation, and seamless fund segregation for multi-entity companies—all inside a single mother or father account. The brand new providing is designed to assist the financial institution’s company prospects higher handle their advanced operational wants—from funds to reporting—through an API-first structure.
Qolo anticipates that Linked Deposits will present banks how expertise can improve treasury administration by lowering account upkeep prices and eliminating handbook fee reconciliations. As a substitute, Linked Deposits, with its real-time visibility into money positions throughout all entities and initiatives, not solely enhances compliance and threat controls, but in addition generates new price revenue alternatives for banks through trendy treasury providers.
“With Qolo’s expertise powering Linked Deposits, we’re capable of provide enhanced effectivity throughout advanced money administration wants for our industrial purchasers,” Huntington’s head of nationwide deposits, Alex Tsarnas, stated. “This platform strengthens our capability to serve purchasers with specialised necessities whereas reinforcing Huntington’s dedication to innovation and client-centric options.”
Based in 2018 and headquartered in Fort Lauderdale, Florida, Qolo made its Finovate debut at FinovateFall 2022 in New York. On the convention, the corporate demonstrated how its Companion Core supplied banks with fintech performance that labored in tandem with their present programs, enabling them to supply their prospects a variety of recent providers with out the necessity to endure a disruptive, wholesale core substitute.
Try our interview with Qolo’s Montesi from FinovateFall 2025 final month.
Photograph by Daniel Halseth on Unsplash
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