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Fides Expands Connectivity For Finance Professionals

Fides Treasury Services, which works in multibank connectivity and communications, has rolled out new details about its plans to extend its shop for corporate treasury and finance solutions, according to a press release.

The new marketplace will be available through the Fides Multibanking Suite web portal, the release stated. The suite gives corporate treasury and finance professionals a new level of visibility into banking transactions and connections, with a security measure no matter where it’s accessed.

The tool can be used to control administrations and approvals, with a lone sign-on and “intuitive” user interface, according to the release, and it can help with saving time and providing visibility.

“The Fides multibanking ecosystem spans the entire treasury world, allowing us to offer a wide range of partner solutions that extend the value of our Multibanking Suite,” said Simon Kaufmann, head of Client Relations and Marketing at Fides, in the release. “From [foreign exchange (FX)] to money markets and beyond, we will be offering easy access to innovative products and services from trusted Fides partners.”

Kaufmann said the company will also be actively engaging with other companies in discussions about offering and developing tools that go along with multichannel banking, the release stated. In addition, the Fides network will encompass software and consultancy providers, alongside leading enterprise resource planning (ERP) and transportation management system (TMS) vendors.

“Our goal is to provide a single platform where corporate treasurers, treasury analysts, cash managers, and CFOs can access all the tools they need to manage their day-to-day responsibilities,” said Rod Gabriel, head of Products and Solutions at Fides, according to the release.

Kaufmann, speaking with PYMNTS last year, said one of the bigger difficulties of navigating the pandemic’s effects on treasury functions was the management of banking relationships in the new, more digital and global era of banking. He said there was a need to have the right infrastructure in place to deal with the complex friction, and businesses would have to figure out what to change and how to address security and other features.

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