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Fides launches streamlined bank connectivity package

22 February 2016  |  1180 views  |  0 Source: Fides Treasury Services

Mid-market companies looking for a fast, easy and cost-efficient way to shed spreadsheets for treasury technology will find it in Reval Core, which now includes a newly tailored bank connectivity offering by Fides Treasury Services Ltd., the world’s largest multi-banking service bureau for corporate treasuries.

Reval CORE is a pre-configured package of cash and liquidity management functionality from the Reval Cloud Platform.

“Bank connectivity for mid-market companies has just become easier,” says Andreas Lutz, Chief Marketing Officer at Fides. “We take care of all the details that come with bank connectivity, which otherwise slows down the process of onboarding these companies, and we provide any kind of connection available.”

The new Fides configuration for the mid-market expands the partnership offering that began with Reval in 2011, when it joined Reval’s STP Community of preferred partners. Reval is the only treasury technology provider to offer the full range of connections Fides provides, including the convenience of a financial BIC code, which is the most cost-efficient and quickest way to connect to the SWIFT network.

“Fides has a keen understanding of Reval’s technology and how we service our clients, which has made its transition to the mid-market quite easy,” says James Gilbert, Reval Senior Vice President, Strategic Initiatives. “Providing a complete offering that simplifies and expedites bank connectivity for these companies will help accelerate and meet the demand of our Reval CORE offering, globally.”

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