New York-based cloud based treasury and liquidity management solution for hedge funds and private equity firms, Hazeltree, has partnered with Necto API (Necto), a global fintech company that aggregates bank APIs.
According to a press release, the partnership will expand Hazeltree’s access to thousands of global banks, and provide clients – fund administrators and private equity firms alike – with a single endpoint for real-time bank connectivity, bank account balances, and intraday payments.
By leveraging both bank APIs and P2P (point-to-point) connections, the service will support faster reconciliation, real-time data visibility, and improved security through standardised protocols, streamlining integration processes across jurisdictions.
This new integration builds on Hazeltree’s initial zConnect platform which focused on connecting counterparties such as prime brokers, custodians, and ISDA, for collateral management.