BNY Mellon has unveiled a new collaboration between short-term investment platform LiquidityDirect and cloud treasury and finance solutions business, Kyriba.

The integration is set to allow LiquidityDirect to enhance its liquidity performance and increase cash visibility through leveraging Kyriba’s SaaS.

Clients will also benefit from a holistic cash management process, which enhances the operational efficiency of self-directed cash management, payments and investments.

Speaking to the benefits of the collaboration, Edi Poloniato, global head of banking channel and working capital solutions at Kyriba, asserted: “Whether its cash visibility or trade execution, treasury teams are demanding increased efficiency and straight through execution.

“Collaborating with BNY Mellon’s LiquidityDirect platform enables our customers to improve their liquidity performance.”

As well as this most recent partnership, BNY Mellon confirmed that it is also set to continue collaborating with other treasury workstations and cash management systems.

George Maganas, global head of liquidity services at BNY Mellon, said: “By collaborating with Kyriba, we are further enhancing the LiquidityDirect product suite to deliver a unified client experience.

“This is yet another example of BNY Mellon’s 240-year commitment to developing innovative solutions that provide our clients with widespread and seamless support across the investment cycle.”