FinTechFinTech-Banking PartnershipsFides and Reval partner on bank connectivity for mid-market firms

Fides and Reval partner on bank connectivity for mid-market firms

The Switzerland-based multi-banking service bureau said that its bank connectivity offering is now part of Reval’s CORE package and will enable mid-market companies to dispense with spreadsheets.

Switzerland’s Fides Treasury Services, the world’s largest multi-banking service bureau for corporate treasuries, said that its newly-tailored bank connectivity offering is now part of Reval CORE – a pre-configured package of cash and liquidity management functionality from the Reval cloud platform.

Fides said that Reval CORE will meet the needs of mid-market companies looking for a fast, easy and cost-efficient way to shed spreadsheets for treasury technology. It added that its “new configuration” for the mid-market expands the partnership with cloud-based offering provider Reval that began in 2011, when it joined Reval’s straight-through processing (STP) Community of preferred partners.

“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.”

Fides added that Reval is the only treasury technology provider to offer the full range of connections provided the group, including the convenience of a financial bank identifier code (BIC), 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 (SVP), 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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