Truist Bank and Trovata Partner on API-Driven Cash Forecasting for Enterprises

On October 24, 2023, Truist Bank and Trovata announced a partnership to deliver API-driven automated cash forecasting and liquidity management to Truist's commercial banking clients. Trovata's platform provides real-time cash visibility, automated forecasting, and reporting capabilities that integrate directly with bank data through open APIs. Truist contributes its large commercial banking client base and treasury management infrastructure.

The partnership enables enterprise treasurers to automate manual cash management processes that traditionally rely on spreadsheets. By embedding Trovata's capabilities within the Truist ecosystem, commercial clients gain streamlined access to advanced analytics without switching platforms. Financial terms were not disclosed.

The collaboration reflects the broader trend of large banks partnering with fintech companies to enhance their embedded treasury and cash management services for corporate clients.