AtlasFX’s BankMinder Wins Top Award, Signals Shift in Treasury Tech

SAN FRANCISCO, CA – February 06, 2026 – AtlasFX, a SaaS provider for foreign exchange (FX) risk management, has received a significant industry accolade, with its BankMinder module being named the 2026 Treasury Fintech Solution of the Year. The award was presented at the prestigious Trade Treasury Payments Awards, an event that celebrates innovation and excellence in financial technology.

Launched in late 2025, BankMinder has quickly made an impact by addressing a long-standing challenge for corporate finance departments: achieving true transparency in their relationships with banking partners. The module provides treasury teams with a data-driven framework to analyze bank compensation, manage counterparty credit risk, and scrutinize the quality of FX execution. The recognition from an independent panel of industry experts underscores the growing demand for sophisticated tools that empower corporations to navigate the complexities of global financial markets.

Demystifying the Treasury Black Box

For years, corporate treasury departments have wrestled with the inherent opacity of foreign exchange markets and bank relationship management. Many teams rely on fragmented data, manual spreadsheet-based workflows, and legacy Treasury Management Systems (TMS) that lack the specialized depth for intricate FX risk analysis. This environment often obscures the true costs of transactions and can lead to inefficiencies, costly errors, and an inability to strategically manage bank partnerships.

The problem is not trivial. Hidden costs in FX execution, even those measured in fractions of a percent, can amount to millions of dollars in losses for multinational corporations. Industry analysis suggests that an improvement of just one basis point—one-hundredth of a percentage point—in trading execution can save a company $100,000 for every $1 billion traded. Without specialized tools, identifying and capturing these savings is nearly impossible. Furthermore, treasurers face the constant pressure of managing counterparty risk, ensuring they are not over-exposed to any single financial institution, a task that becomes exponentially more difficult without clear, consolidated data. It is this set of persistent pain points—organizational inertia, costly inaccuracies, and a lack of granular reporting—that solutions like BankMinder are designed to solve.

A Data-Driven Approach to Bank Relationships

AtlasFX’s BankMinder directly confronts these challenges by replacing ambiguity with objective data. The module, integrated within the broader AtlasFX platform, provides intuitive dashboards and decision-ready analytics that illuminate three critical areas: pricing, performance, and risk. It allows treasurers to see exactly how much they are compensating each banking partner for FX services, benchmark trading costs against best-execution standards, and continuously monitor the creditworthiness of their counterparties.

This data-driven clarity fundamentally changes the dynamic between corporations and their banks. Instead of relying on anecdotal evidence or incomplete information, treasury teams can engage in confident, fact-based conversations about wallet share, execution quality, and service levels. The goal is not to eliminate banks, but to build stronger, more resilient, and more balanced partnerships where value is clearly understood and rewarded.

“It is an honor to be recognized by the Trade Treasury Payments Awards alongside so many respected solutions in the treasury community,” said Jono Tunney, Co-Founder of AtlasFX, in a statement following the win. “This recognition reflects the real challenges treasury teams face when managing bank relationships and FX execution and the importance of bringing clarity and data into those decisions.”

Tunney emphasized the module's role in empowering organizations in a shifting financial landscape. “As financial markets continue to evolve treasurers need visibility and objectivity,” he added. “BankMinder gives organizations the insight to engage confidently with their banks, reduce hidden costs and build more resilient long-term partnerships.”

The Prestige of the Prize and Market Context

The Treasury Fintech Solution of the Year award is more than just a plaque; it is a significant market validator. The Trade Treasury Payments Awards are distinguished by a rigorous and independent judging process. An expert panel evaluates submissions based on measurable impact, genuine innovation, and the tangible value delivered to corporate clients. This merit-based recognition, often announced at major industry events like the BAFT conference, carries considerable weight in a competitive fintech landscape.

The win places BankMinder at the forefront of a dynamic sector filled with prestigious honors, including the EuroFinance Treasury Excellence Awards and Treasury Today's Corporate Treasury Awards. In this environment, standing out requires delivering a solution that not only works but fundamentally transforms a core business process. BankMinder’s victory signals that the industry is placing a high premium on tools that provide transparency and analytical power, moving beyond basic transactional processing to offer true strategic insight. The award validates AtlasFX's approach and highlights a broader trend: the modernization of the corporate treasury function.

A Practitioner-Built Platform for a Volatile World

The success of BankMinder is rooted in the DNA of its parent company, AtlasFX. Founded in 2010, the firm was established by former corporate treasury and capital markets executives who had firsthand experience with the limitations of existing tools. Co-founders Jono Tunney, Gavin O’Donoghue, and Scott Bilter are veterans of major multinational corporations like Hewlett Packard and financial institutions like Merrill Lynch, where they managed multi-billion-dollar FX programs. Their collective experience, summed up by one founder as "the pain of managing global currency risk with nothing but spreadsheets," directly informs the platform's design.

This "practitioner-built" philosophy is a key differentiator. Unlike generic ERP systems or point solutions that only address a subset of the FX workflow, AtlasFX provides an end-to-end platform covering everything from exposure forecasting and management to execution and compliance reporting. The platform is designed to enhance, not replace, existing enterprise systems through seamless integration, bridging the gaps often left by manual processes.

Notably, AtlasFX has achieved its market position and growth organically, without raising external venture capital funding. This suggests a business built on a foundation of profitability and client trust, serving some of the world's most recognized brands. By embedding advanced analytics and AI—which has been shown to reduce FX forecast errors by as much as 50% for some clients—the company provides a powerful toolset for navigating an increasingly volatile global economy. As currency fluctuations and geopolitical risks continue to challenge businesses, the ability to manage FX risk with precision, transparency, and control is becoming a critical competitive advantage.