Treasury Technology
Published  5 MIN READ

Easy Connections

Fides Brings Corporates Even Closer to their Banking Partners

When clients publicly acclaim a vendor for its work in an area that is nothing short of essential, it’s hard not to pay attention. The TMI Awards judges certainly found this to be the case when choosing Fides as the winner of the Bank Connectivity Award for 2021.

Technology & Innovation Awards

Bank Connectivity

For Thomas Stäubli, Head of Group Treasury, Rieter, Fides is a business partner that has delivered in spades. The system itself, he says “is straightforward and practical”. Having implemented a completely new treasury IT landscape covering more than 30 subsidiaries globally, multiple applications meant bank reconciliation at corporate level was challenging. This is why, states Stäubli, “we are happy to have centralised our bank connectivity and payments with Fides as our sole middleware solution with connections to SAP”.

Rieter’s success is far from an isolated example. Between mid-2020 and mid-2021, the company onboarded and extended a total of 259 projects. For bringing together banks and their corporate clients in such a comprehensive and fuss-free manner, Fides is the well-deserving winner of TMI’s 2021 Technology & Innovation Award for Bank Connectivity, building on its 2020 victory in this category.