SunGard and FIDES Join Forces on Cash Management and Payment Services
FIDES Information Services has announced an alliance with SunGard Treasury Systems which will provides SunGard’s corporate clients with direct access to the FIDES Account Reporting System ARS. Furthermore, SunGard’s customer base will have access to the FIDES electronic fund transfer (EFT) service via SunGard’s AvantGard eTreasury eXchange (AG-ETX) secure messaging network. FIDES ARS allows corporate users to check account balances and review daily statements online at more than 700 banks and financial institutions around the world, in addition to transmitting standardized transfer orders to several hundred financial institutions globally. The connection between SunGard and FIDES provides treasurers with STP capabilities for cash management direct from the desktop treasury application, according to SunGard. The venture sees FIDES Information Services opening up a new target for its CashScreen Services, in addition to offering its clients access to SunGard’s AG-ETX services with a secure connection to FIDES’s own suite of financial services. For existing AvantGard clients this means additional options for automation and greater efficiency in the back-office, according to SunGard.