We have already addressed the issues of cash management, however, we have never yet covered the subject of currency risk management. Kantox works hand in hand with Banks to enable its clients, mid-cap companies and SMEs to better address currency risk and thus reduce P&L volatility induced by changes in exchange rates. This “tech” box is present in the United Kingdom and in Europe and has recently entered the United States. We discover the way in which the “Dynamic Hedging” solution was designed and works, but also the evolution of this scale-up which has refocused in recent years on software. We therefore see in more detail the “FX workflow” through the “use case” of a tour operator. You will find that it is impossible for treasurers to correctly assess this risk and cover it appropriately, the information being little or not accessible. We also look at how it works in other sectors such as manufacturing, travel, industry and understand that it actually concerns many companies of varying sizes. Philippe gives us full transparency on Kantox's banking partners such as Barclays, BNP Paribas, Silicon Valley Bank. We end with the risk coverage of crypto-currencies.