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Kantox 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 2.7 (54), ranking 1 and 4 of 13. Kyriba also scores higher in every segment.
Overall and segment scores out of 100, and the score out of 5.
| Score | Kantox | Kyriba |
|---|---|---|
| Score out of 5 | 2.7 | 4.2 |
| Score out of 100 | 54 | 83 |
| Overall rank | 4 of 13 | 1 of 13 |
| For importers and exporters (out of 100) | 45, rank 5 | 73, rank 1 |
| For corporate treasury teams (out of 100) | 65, rank 3 | 91, rank 1 |
| For payment and fintech firms (out of 100) | 52, rank 4 | 84, rank 1 |
| Type | Automated FX hedging software and payments | Treasury management system |
Each score with the evidence behind it.
| Criterion | Kantox | Kyriba |
|---|---|---|
| Coverage | 3/5 Hedging and payments published; multi-bank cash view and cash forecasting not offered. | 5/5 Hedging, cash view, payments and forecasting all published. |
| Published pricing | 0/5 Not published. | 0/5 Not published. |
| Global reach | 1/5 No currency count published. | 5/5 10,000 banks connected. |
| Integration | 5/5 Named ERP connections and an API. | 5/5 Named ERP connectors and open APIs. |
| Regulatory standing and security | 3/5 FCA and Bank of Spain authorisations with numbers; no security certification found on the pages read. | 5/5 ISO 27001 and SOC 2 Type II published. |
| Risk reporting | 4/5 Exposure capture and hedge accounting published; mark-to-market reporting not confirmed. | 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 | Kantox | Kyriba |
|---|---|---|
| Coverage | Kantox Dynamic Hedging, Kantox In-House FX, Hedge Accounting Module, Dynamic Pricing, and Payments & Collections; micro, layered and static hedging programmes. | Products: Treasury ("Real-time cash & treasury management"), Risk Management ("FX, Debt, Investments, Interest Rates"), Payments, Connectivity and Working Capital; cash forecasting. |
| Pricing | Not published on the pages read. | Not published on the pages read. |
| Global reach | Travel clients face exposure "across dozens of currencies"; no currency count published. | "Connect to 10,000 banks, right out of the box." |
| Integration | "ERP systems, including SAP, Oracle, Microsoft Dynamics, and NetSuite"; fintechs connect "directly via API". | "Pre-built connectors (SAP, Oracle Cloud, NetSuite, Microsoft Dynamics 365, Workday, and more)"; "open APIs". |
| Standing and security | "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". | Trust Center lists ISO 27001 certification; "SOC 1, SOC 2, and SOC 3 Type II Reports"; TISAX certified. |
| Risk reporting | "Automatically capture all FX exposure data, including forecasts, firm orders and balance sheet items"; Hedge Accounting Module with "Audit-ready hedge accounting reports". | 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 Kantox: pricing, global reach and risk reporting.
Not published or not stated by Kyriba: pricing and risk reporting.
Facts read on 26 October 2026 from: kantox.com/en; 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.
Mid-sized firms automating hedges from ERP data.
Large corporate treasury teams wanting one system for cash, payments and FX risk.
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