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InterPrice Technologies releases bank API integration to streamline bond pricing indications for treasury teams

BY Business Wire | CORPORATE | 03/28/23 08:30 AM EDT

NEW YORK--(BUSINESS WIRE)-- InterPrice Technologies, a Nasdaq Ventures-backed treasury capital markets platform, announced that it has launched its bank API connectivity to instantly connect corporate treasury teams with their banking relationship partners.

?Having been one of the earliest adopters of the InterPrice platform, we are very pleased to see instant and direct connectivity with our relationship banks. We are excited to see this scale across the banking landscape around the world,? said Jeff DeMars, Treasurer, Nutrien Ltd.

This connectivity transpires from a broadening acceptance in the banking community to adopt more API technology and replace legacy forms of bank connectivity. Corporate treasury teams are also making greater use of API technology to manage cash and payments. Now InterPrice brings this connectivity to alleviate funding market pain points for corporations.

?The testing and implementation by both Goldman Sachs and InterPrice was a seamless process completed within less than 24 hours. Their shared dedication to transforming the way corporate treasury teams receive funding data speaks volumes to their leadership in bringing more efficient workflows to the treasury community,? said Dan Morrell, Treasurer, Keurig Dr. Pepper.

Using this API connectivity solution, corporate treasury teams can now receive indicative pricing indications across multiple products directly to their InterPrice platform. CFOs and treasurers can then access funding costs from relationship banking partners instantaneously.

?Our API library offers a bespoke solution for the complex technical stacks and security needs of the world?s largest financial institutions. This technology was built to scale to a global communication channel providing banks with instantaneous and secure coverage of their corporate clients. We are thrilled to provide solutions which benefit our clients with real time data,? said Dylan Bargar, InterPrice Technologies? Chief Product Officer.

In addition to connecting APIs directly with banking partners, InterPrice strives to improve the experience of syndicates and debt capital markets. Top tier financial institutions are also working with InterPrice to build out a workflow solution as well as a direct connection to issuers.

About InterPrice

InterPrice Technologies is an unparalleled fintech platform that offers transparent financing solutions for corporate treasury teams. InterPrice?s trailblazing technology streamlines bond, commercial paper, and loan pricing indications, automating time-consuming manual processes and unlocking actionable insights for corporate treasury teams. Since InterPrice?s commercial launch in 2020, the company has on-boarded multiple global banks and Fortune 500 corporate treasury teams, including eBay, HP Inc., McCormick & Company, and Takeda Pharmaceuticals. Learn more about InterPrice at interpricetech.com.

Source: InterPrice Technologies

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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