RiskTech Forum

Visual Risk Partners With Fides To Deliver Seamless Bank Account Management Functionality

Posted: 23 November 2012  |  Source: Visual Risk

Visual Risk is pleased to announce today that it has partnered with Fides Treasury Services, the world’s largest Multibanking Service Bureau for Corporates. Visual Risk will link directly with Fides to make it easy and cost-effective for our clients to connect their treasury management system with their financial institutions.

Through the Fides partnership, clients can eliminate the time, effort and expense of dealing with multiple bank relationships. Fides’ unique Hybrid Service Bureau model will consolidate all international bank accounts and make payments via a single central system. It will also enable Corporates to to send and receive SWIFT messages via the Fides Hybrid Service Bureau without investing in their own direct connection to the SWIFT network. Clients will receive support from the initiation of the bank mandate process through to the testing and configuration of each bank connection.

Glen Giffen, Director, Global Sales, Visual Risk
"Partnering with Fides will quickly bring comprehensive global multi-banking capabilities to our customers. By consolidating all bank account access into one uniform interface, management will be greatly simplified, reducing reliance on manual processes and spreadsheets. This new relationship represents yet another exciting step forward in Visual Risk’s ongoing commitment to improving our customer’s productivity and accuracy."

Daniel Beames, Head of Client Relations & Projects, Fides Treasury Services
"The partnership with Visual Risk signifies an important milestone in the distribution of Fides services to a global market. The custom-fit solutions that Fides will provide Visual Risk will ensure a fully managed, seamless STP user experience in an environment of growing complexity."