Comparison · 2026 edition
Bound vs Kyriba: treasury and FX compared 2026.
Bound and Kyriba side by side in the Treasury and FX Hedging Index 2026: scores, evidence, published facts and awards.
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Bound and Kyriba side by side in the Treasury and FX Hedging Index 2026: scores, evidence, published facts and awards.
In the Treasury and FX Hedging Index, Kyriba scores higher overall: 4.2 out of 5 (83 out of 100) against 2.5 (49), ranking 1 and 5 of 13. Kyriba also scores higher in every segment.
Overall and segment scores out of 100, and the score out of 5.
| Score | Bound | Kyriba |
|---|---|---|
| Score out of 5 | 2.5 | 4.2 |
| Score out of 100 | 49 | 83 |
| Overall rank | 5 of 13 | 1 of 13 |
| For importers and exporters (out of 100) | 57, rank 3 | 73, rank 1 |
| For corporate treasury teams (out of 100) | 43, rank 8 | 91, rank 1 |
| For payment and fintech firms (out of 100) | 46, rank 6 | 84, rank 1 |
| Type | FX hedging platform | Treasury management system |
Each score with the evidence behind it.
| Criterion | Bound | Kyriba |
|---|---|---|
| Coverage | 3/5 Hedging and payments published; multi-bank cash view and forecasting not offered. | 5/5 Hedging, cash view, payments and forecasting all published. |
| Published pricing | 5/5 Full table of hedge rates by volume and amendment fees published. | 0/5 Not published. |
| Global reach | 0/5 Not published. | 5/5 10,000 banks connected. |
| Integration | 1/5 Accounting integrations listed without names. | 5/5 Named ERP connectors and open APIs. |
| Regulatory standing and security | 3/5 Two FCA authorisations with FRNs; no security certification found. | 5/5 ISO 27001 and SOC 2 Type II published. |
| Risk reporting | 3/5 Hedge performance reporting published; exposure capture and hedge accounting not published. | 4/5 Exposure management and hedge accounting published; mark-to-market reporting not confirmed on the pages read. |
Each criterion is scored 0 to 5 against the best published offer in the Treasury and FX Hedging Index. 0 means not offered or not published. How it is scored
What each provider publishes on its own pages, read on 26 October 2026.
| Fact | Bound | Kyriba |
|---|---|---|
| Coverage | "Hedging strategies", "Amend trades at any time", "Spot transactions", "International payments" and "Multi-currency support". | Products: Treasury ("Real-time cash & treasury management"), Risk Management ("FX, Debt, Investments, Interest Rates"), Payments, Connectivity and Working Capital; cash forecasting. |
| Pricing | "Spot pricing from: 0.03%" and hedge pricing tiers by annual FX flow: 0 to 20M 0.45% (5% margin deposit) or 0.75% (0% margin deposit), down to 250M+ 0.25% or 0.50%. Changing a forward's date 0.05%. "No setup fees. No monthly fees." | Not published on the pages read. |
| Global reach | Number of currencies not published. | "Connect to 10,000 banks, right out of the box." |
| Integration | "Accounting integrations" listed; systems not named; API not mentioned on the pages read. | "Pre-built connectors (SAP, Oracle Cloud, NetSuite, Microsoft Dynamics 365, Workday, and more)"; "open APIs". |
| Standing and security | "Bound Rates Limited is authorised and regulated by the Financial Conduct Authority (FCA) as a MiFID investment firm (FRN 966723). It is also authorised by the FCA under the Electronic Money Regulations 2011 ... (FRN 1036025)." | Trust Center lists ISO 27001 certification; "SOC 1, SOC 2, and SOC 3 Type II Reports"; TISAX certified. |
| Risk reporting | "Real-time analytics", "Hedging performance" reports and a risk simulator tool. | FX exposure management; "Support derivative and hedge accounting for ASC and IFRS compliance". |
| Date read | 26 October 2026 | 26 October 2026 |
Not published or not stated by Bound: global reach, integration and risk reporting.
Not published or not stated by Kyriba: pricing and risk reporting.
Facts read on 26 October 2026 from: bound.co/pricing, bound.co; and kyriba.com, kyriba.com/company/trust-center, kyriba.com/products/risk-management, kyriba.com/products/connectivity.
Awards follow from the published scores and cannot be bought.
From each provider's strongest criteria and published terms.
UK small and mid-sized firms wanting a published hedge price.
Large corporate treasury teams wanting one system for cash, payments and FX risk.
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