To ensure that users of their new Enterprise Treasury and Risk Management Solution are able to connect to any bank, Reval has partnered with Fides Treasury Services Ltd. Fides, which is the world's largest Multibanking Service Bureau for corporates, enables clients to stay in the Reval system to access their bank balances and statements, and avoid the cost and the hassle of connecting to multiple bank interfaces independently.
Fides provide clients with 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.
This partnership with Fides is an example of how Reval seamlessly extends the straight-through processing workflow of its integrated enterprise treasury and risk management SaaS to external systems.
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