Zurich, February 22, 2016 – 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.”
Fides Treasury Services is the leading provider of Multibanking Services in Europe, Americas and APAC. Fides has been dedicated to providing Multibanking access to the Corporate and Financial sector since 1985, connecting and servicing already more than 3’000 clients through SWIFT, EBICS and any other networks. The unique hybrid service bureau model, supported by its award winning technology and combined with a broad range of conversion, validation and security services provide the true one stop shop for global Multibanking. Fides operates an independent Service Bureau, connecting the worlds market leading Corporates and Financial Institutions to their global banking network and managing integration with the global providers of Treasury Management and Enterprise Resource Planning Systems.
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