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Ripple Treasury (GTreasury) and Kantox side by side in the Treasury and FX Hedging Index 2026: scores, evidence, published facts and awards.
In the Treasury and FX Hedging Index, Ripple Treasury (GTreasury) scores higher overall: 3.1 out of 5 (62 out of 100) against 2.7 (54), ranking 3 and 4 of 13. Ripple Treasury (GTreasury) also scores higher in every segment.
Overall and segment scores out of 100, and the score out of 5.
| Score | Ripple Treasury (GTreasury) | Kantox |
|---|---|---|
| Score out of 5 | 3.1 | 2.7 |
| Score out of 100 | 62 | 54 |
| Overall rank | 3 of 13 | 4 of 13 |
| For importers and exporters (out of 100) | 57, rank 2 | 45, rank 5 |
| For corporate treasury teams (out of 100) | 68, rank 2 | 65, rank 3 |
| For payment and fintech firms (out of 100) | 60, rank 3 | 52, rank 4 |
| Type | Treasury management system | Automated FX hedging software and payments |
Each score with the evidence behind it.
| Criterion | Ripple Treasury (GTreasury) | Kantox |
|---|---|---|
| Coverage | 5/5 Hedging, cash view, payments and forecasting all published. | 3/5 Hedging and payments published; multi-bank cash view and cash forecasting not offered. |
| Published pricing | 0/5 Not published. | 0/5 Not published. |
| Global reach | 3/5 300+ bank connectors. | 1/5 No currency count published. |
| Integration | 2/5 ERP connectivity stated without names; no API confirmed. | 5/5 Named ERP connections and an API. |
| Regulatory standing and security | 4/5 SOC 2 Type 2 and SOC 1 Type 2 audited twice a year; ISO 27001 not found. | 3/5 FCA and Bank of Spain authorisations with numbers; no security certification found on the pages read. |
| Risk reporting | 4/5 Risk measurement and hedge accounting published; mark-to-market reporting not confirmed. | 4/5 Exposure capture and hedge accounting published; mark-to-market reporting not confirmed. |
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 | Ripple Treasury (GTreasury) | Kantox |
|---|---|---|
| Coverage | "Real-time cash, risk and payment management"; liquidity management; cash flow forecasting; "Identify, measure and hedge financial risk"; netting. | Kantox Dynamic Hedging, Kantox In-House FX, Hedge Accounting Module, Dynamic Pricing, and Payments & Collections; micro, layered and static hedging programmes. |
| Pricing | Not published on the pages read. | Not published on the pages read. |
| Global reach | "300+ pre-built bank connectors, ERP integration and 99.9% uptime." | Travel clients face exposure "across dozens of currencies"; no currency count published. |
| Integration | ClearConnect "bank and ERP connectivity suite"; ERP systems not named on the pages read. | "ERP systems, including SAP, Oracle, Microsoft Dynamics, and NetSuite"; fintechs connect "directly via API". |
| Standing and security | "SOC 1 Type 2, SOC 2 Type 2, and PCI-compliant, and undergoes SOC 1 Type 2 and SOC 2 Type 2 audits twice annually, and is a L2BA SWIFT Service Provider." | "Kantox Limited ... is authorised by the Financial Conduct Authority, FRN: 580343, as a Payment Institution"; Kantox European Union SL "authorized by the Bank of Spain as a Payment Institution with registration number 6890". |
| Risk reporting | "A 98%+ intelligent match rate on reconciliation and hedge accounting built in"; risk identification and measurement. | "Automatically capture all FX exposure data, including forecasts, firm orders and balance sheet items"; Hedge Accounting Module with "Audit-ready hedge accounting reports". |
| Date read | 26 October 2026 | 26 October 2026 |
Not published or not stated by Ripple Treasury (GTreasury): pricing, integration, regulatory standing and security and risk reporting.
Not published or not stated by Kantox: pricing, global reach and risk reporting.
Facts read on 26 October 2026 from: gtreasury.com, gtreasury.com/security; and kantox.com/en.
Awards follow from the published scores and cannot be bought.
From each provider's strongest criteria and published terms.
Corporate treasury teams wanting hedge accounting inside the TMS.
Mid-sized firms automating hedges from ERP data.
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