Multi-Banking-as-a-Service

Fides offers innovative solutions for bank connectivity, transaction aggregation and payment automation. The combination of innovative solutions and outstanding services have been the secret of success for Fides and its clients, for more than 100 years.

Account Reporting

Fides Account Reporting System provides you with a simple way to normalize and validate all bank transaction information in a fraction of the time. ARS consolidates account information such as balances, transactions and booking texts from your banking partners around the world. The solution then consolidates the integrated statements and data into the format you require (i.e MT940/42, BAI, AFT120, etc.).

Access to the final formatted files can be offered through integration with your existing ERP or TMS, via the ARS web portal or even a hybrid model of multiple integrations options.

Features

  • Global TransactionTransparency
  • Reduced Operational Risk
  • Visualization and Reporting
  • Bank Confidentiality

Global TransactionTransparency

Achieving a single view all bank communications makes it easy for companies of any size to gain visibility into global cash positions.

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Reduced Operational Risk

As transaction data is loaded automatically, finance professionals do not need to enter data any longer manually. Errors are avoided and time is saved.

Fides automatically consolidates account information such as balances, transactions, and booking texts from your banking partners around the world into one centralized location via your TMS, ERP, or directly through the Fides web portal.

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Visualization and Reporting

Clients leveraging the ARS web platform achieve consistent reporting across all banks through dashboard with tables, charts and key figures help treasurers to assure liquidity and drive business value.

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Bank Confidentiality

As Fides is an independent provider for multi-bank services. The client’s transaction data and share of wallet is only visible to the client.

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Bank Messaging

Features

  • Messaging
  • Connectivity
  • Continuity

Messaging

Fides supports all payment formats and types. Clients can focus on managing their company’s cash and liquidity, while Fides experts make sure all payments are executed on time, through the optimal channel. Communicate with over 10,000 banks via different channels such as SWIFT, FTP, or EBICS. Support all formats with Fides such as the ISO 20022 and ISO 15022 standards, as well as country-specific or bank-specific formats.

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Connectivity

Instead of working with each bank individually, treasurers just work with Fides. First, the most cost-efficient channels are chosen for the client’s payment infrastructure. This could be SWIFT, EBICS, host-to-host (H2H), an alternative channel, or a combination all of these. Afterwards, Fides uses a comprehensive library of file formats that include country specific protocols to execute payments securely and efficiently.

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Continuity

After the initial bank set-up is done, Fides continues to maintaining each connection so you don’t have to.  We make sure transactions are always executed on time and securely.  Clients can feel comfortable knowing that the Fides team is behind the scenes to provide connectivity continuity.

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Payments

Fides customers benefit from end-to-end payment processes for bulk and individual payments. Working closely with every client, Fides sets up an individual payment infrastructure. Through secure interfaces, the client’s global bank partners and third-party systems such as treasury management systems and ERP systems are connected seamlessly to the Fides solution. Additionally, global subsidiaries can access the payment infrastructure through a web portal, if they are not using the client’s treasury technology.

Features

  • Optimized Payment Costs
  • Expert Support
  • Security

Optimized Payment Costs

To reduce bank fees and transaction cost, Fides aggregates payments or any other messages and executes them through the client’s preferred channel.

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Expert Support

Experts advise clients on bank communication and payment optimization. Fides is committed to providing a consultative support model so that clients can continually achieve value and ensure multi-banking continuity even in the most complex situations.

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Security

Complete transparency, automation and documentation ensure payment ongoing security. Additionally, the underlying payment infrastructure is monitored and maintained by the expert team, using the highest industry standards.

Increased workflow control

All transactions are created, validated, executed and monitored through a single workflow, eliminating manual intervention completely.

Fast fraud detection

As all payments are captured and managed with the same solution, fraudulent activity can be detected rapidly.

Bank-quality professional security protection

As an independently operated subsidiary of Credit Suisse AG (CS), Fides is held to the highest security standards particularly in the areas of data access, business, and business processes.

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SWIFT Service Bureau

As the leading certified SWIFT Service Bureau, our offerings enable clients to become a SWIFT for Corporates member, supported and managed by Fides.

Features

  • SWIFT Service Bureau
  • Hybrid Service Bureau
  • Validation and Sanction Filtering

SWIFT Service Bureau

Fully supported and managed by Fides, this service is optimal for clients with high volumes of bank transactions, payments, banks and bank accounts. Through a highly-secured internet connection, Organizations send messages and files to Fides. If required, we complement and convert the files.

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Hybrid Service Bureau

With our unique Hybrid Model we not only help corporates to overcome the gaps in SCORE readiness of their banks, but also offer additional connectivity options with our service platform.

  • Ensures global banking coverage
  • Offers multi-network, dual-BIC solutions
  • Increases speed to market
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Validation and Sanction Filtering

Fides provides thorough validation services. Data accuracy and completeness are key for smooth payment workflows. That’s why Fides has implemented tight controls for file formats and payment information. Checks on opening and closing bank balances enable 100% automated bank account reconciliation.

Using Fides’ sanction filtering capabilities, all transactions are pre-screened prior to market releases.  This helps you manage and mitigate financial and reputational risk.

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Connectivity

Fides is able to connect to all banks around the world. These connections can be made via SWIFT, EBICS, Host-to-Host (H2H), other channels, or any combination thereof using our proprietary Hybrid Model which helps you overcome the gaps in SCORE readiness of your banks.

Features

  • Global Reach
  • Continuity

Global Reach

Fides connects to any bank of any size, anywhere in the world.  Leveraging its hybrid approach by connecting trough SWIFT, EBICS or any alternative networks including direct connections etc.

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Continuity

Corporates can also be assured that their bank connections are always up-to-date and secure. Fides offers an all-inclusive service that covers set up, maintenance and updates. That’s why clients do not have to worry about new regulations or security breaches at any time.

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Validation Services

With a proprietary toolkit of validation, file conversion and sanction filtering capabilities, Fides assures that clients’ consolidated account information such as balances, transactions, and booking texts from banking partners around the world are accurate and reliable.

  • Accurate transaction data.
    Fides has implemented tight controls to assure statement formats and content are accurate.
  • Smooth account reconciliation.
    Thorough data validation capabilities and services ensure that opening and closing bank balances, statement formats and all transaction data points are correct and consistent for bank account reconciliation.
  • Consistent reporting.
    Reliable data is the basis for consistent reporting across all banks. Regardless of how clients access the platform – ERP integration, TMS integration, direct access via the Fides ARS Web Portal, clients can access real-time insights at the click of a button.

Features

  • Validation Services
  • Sanction Filtering

Validation Services

Fides validation services ensure the highest quality for receivables and accurately structured payments.

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Sanction Filtering

Fides pre-screens all transactions prior to market release.

Using Fides’ sanction filtering capabilities helps manage and mitigate financial and reputational risk.

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