Treasury platform vows to save SMEs a fortune in bank charges

A NEW online platform is set to save the companies it hosts thousands of euro by inviting banks to compete for their day-to-day transactional business.

With his service all set to take off north of the border, Treasury Delta’s founder Pádraig Brosnan is now forming an alliance in the south with John Finn of Treasury Solutions. They believe companies will instantly see the value of their service, whereby a company and a financial institution can communicate in a discreet and confidential channel which is all carried out in a highly secure IT platform.

The concept is easy to grasp. The companies register on TreasuryDelta.com, initially submitting topline information on turnover, sector and the nature of their current banking transactions; then the banks compete for their business.