Fides Significantly Expands Customer Base and Project Implementations in 1H 2020

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Bank connectivity and transaction solution provider adds new clients, extends projects

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“Our goal is to simplify the lives of treasury and finance professionals, and I am very proud of the results we have seen this year.” — Simon Kaufmann, Head of Client Relations, Fides

Fides Treasury Services Ltd., the global leader in multi-bank connectivity and communications, today announced that during the first half of 2020 it onboarded and extended a total of 97 implementations. This keeps the company on track to exceed its 2019 actuals, which reflect an 18 percent increase in sales and a 32 percent increase in new active projects.

Net-new customers added in the latter half of 2019 and first half of 2020 include Starwood Capital Group, Boston Consulting Group, and Drew Marine in the United States; ABB Switzerland, EasyJet, Breitling, RUAG, and Swisscard in Switzerland; and ICE Benelux in The Netherlands.

Client extensions within the past year include Smurfit Kappa, Greif, Cofco Resources SA, Payoneer Inc., American Equity Life Insurance, and Millicom International Cellular S.A. These organizations have expanded their relationships with Fides to add more banking partners and increase global banking coverage.

“Our goal is to simplify the lives of treasury and finance professionals, and I am very proud of the results we have seen this year,” said Fides Head of Client Relations Simon Kaufmann. “The trust placed in us by our community — as shown by all the new clients we have onboarded, along with existing clients choosing to extend their use of our flexible solutions — proves that we are on the right track.”

Fides will continue to focus efforts on product development to meet the current and future needs of its community. Within the past year, the company released a new and enhanced version of its Multibanking Suite, which allows customers to centralize their bank accounts and easily make payments to anywhere in the world through an intuitive SaaS interface. In the upcoming year, Fides plans to expand its ecosystem of client offerings through carefully curated complementary financial solutions from partners.

Continuous innovation is integral to Fides’ vision. The company recently hired a new head of product management, and two new board members were appointed to help drive technical innovation. In addition, internal departments were regrouped at the beginning of the year, bringing all departments even closer together to fulfill our commitment to ensure success along the customer journey.

On Sept. 15, Fides will host a virtual edition of the annual Fides Community Conference. The online event will feature updates on the company’s vision and roadmap for its award-winning multi-banking products and solutions and provide the latest market views from industry leading experts. Additional information, including an agenda and registration details, will soon be available on http://www.fides.ch.

ABOUT FIDES

Fides is the global leader in multi-bank connectivity and transaction communications, enabling corporates to connect to any bank, in any region, through any channel. With Fides, you can reach further, and connect faster. Our solutions deliver critical multi-bank account statement, payment workflow and reporting capabilities for treasury and finance teams, helping more than 3,500 clients communicate with over 13,000 banks and payment providers across 200 countries. Whether you are using a TMS, ERP, the Fides Multibanking Suite, or any combination, Fides is the only connectivity platform you need.

Press Contact: Please email marketing@fides.ch for all press inquiries

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