An agreement between financial messaging services provider SWIFT and Reval means that corporate treasury teams using Reval’s Cloud platform for cash and liquidity management can join SWIFT’s messaging network to connect their bank accounts anywhere in the world. The alliance adds to Reval clients’ bank connectivity options.
“The combined offering of Reval and SWIFT’s Alliance Lite2 not only follows the global movement toward cloud-based solutions for treasury management systems, it also offers an easy, streamlined approach to global banking,” said Ed Adams, head of corporates – Americas & UK at SWIFT. “By capturing client requirements and providing training for mutual clients, we are making it easier for companies to join the SWIFT community, while leveraging the best-in-class treasury technology of Reval.”
“Our collaboration with SWIFT makes day-to-day operations much easier for companies that want a seamless treasury management experience,” added James Gilbert, senior vice president, strategic alliances at Reval. “With the formal alliance between SWIFT and Reval, companies will have a mutually supported source of service for their bank connectivity needs.”