Reval Partners with Fides to Enhance STP Experience
Reval, a provider of a single software-as-a-service (SaaS) solution for enterprise treasury and risk management, has partnered with Fides Treasury Services, a multibanking service bureau for corporates.
Part of Reval’s straight-through processing (STP) community, the Fides partnership makes it easy and cost-effective for companies to connect with any bank without leaving the Reval environment, enhancing the STP experience for clients on Reval’s new version 11.1 SaaS solution for enterprise treasury and risk management.
Clients receive support from the initiation of the bank mandate process through to the testing and configuration of each bank connection. Fides’ unique status as a SWIFT member concentrator provides SWIFT connectivity to even those corporates without a SWIFT BIC code. Reval extends the STP workflow of its integrated enterprise treasury and risk management SaaS to external systems to provide a seamless user experience for clients.
In addition to bank connectivity services through Fides, Reval’s STP Community integrates foreign exchange (FX) trading, market data service delivering over 680 curves spanning all asset classes, and a certified SAP Service module.