London based fintech Ivno, launches its MINT Platform (Multinational Intra-group Transfer); transforming Treasury value transfer and liquidity management for large multinational organisations. In conjunction with enterprise software firm, R3, a successful Production Trial was carried out with Treasury teams from six global organisations from the banking and corporate sectors. The Trial concluded with a client-specific business case, demonstrating the significant potential savings and revenue opportunities.
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Ivno’s customer feedback, experience, and market testing, confirms that future-focused Treasury functions will be prime beneficiaries of recent advances in technology, with opportunities for efficiency, control and risk reduction. The Trial reinforced the benefits of the new world of instantly reconciled, 24/7 value movement, to meet liquidity management requirements.
The in-depth Trial addressed modern-day Treasury challenges including: multi region liquidity & balance sheet management, on demand liquidity provision, the management of counterparty risk, and delivering P&L to the group. Participants were able to use a mixture of guided simulations and direct access to a pre-configured, bespoke multi-national Ivno MINT infrastructure, to create corporate branded tokens and execute native Ivno functionality, delivering immediate value, using high quality collateral, on demand.
Ivno MINT, built on R3’s enterprise blockchain platform, Corda, enables immediate and final transfer of value between internal entities, at a volume and scale applicable to the largest global businesses. This is estimated to contribute significantly to overall Treasury profitability and savings; reducing the effect of trapped cash and liquidity costs, with an opportunity for return on underlying assets.
Aaron Grantham, Ivno CEO said: “At Ivno we are delighted to have engaged with some of the great global Treasury organisations, and wish to thank them each for their high level of engagement during the course of the in-depth Trial. Our mission, with MINT, is to drive efficiency, improve controls and reduce risk at scale, for today’s businesses. We look forward to welcoming further businesses to evaluate the impact Ivno MINT would have on their Treasury function.”
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