AI-powered treasury fintech Embat has unveiled a new Global Banking product that consolidates cash management, international payments and collections, FX hedging, account reconciliation and ERP integration into a single workflow for mid-market companies.
The platform lets businesses open local IBANs in 22 countries within days via fully digital KYC, automatically sync transactions with leading ERPs, and hedge exposures in 60+ currencies. The product is driven by Embat’s AI capabilities, including its Agentic assistant, TellMe, aimed at cutting reconciliation time, reducing FX friction, and simplifying multi‑country banking operations.
Embat has appointed Álvaro Dexeus, formerly Managing Director Southern Europe at Pleo, as Director of Global Banking. Dexeus brings fintech scale‑up experience and prior roles at Deliveroo, L’Oréal and major banks, and will lead commercial expansion across Europe. Co‑CEO Antonio Berga said Dexeus’ hire reinforces Embat’s push to become the finance operating system for mid‑market firms.