Fides Validation Services

Payment and Messaging Continuity

Introduction

Failed payments increase cost, impact cash flow, and can negatively affect your banking reputation.

Fides‘ secure and economic payment validation services help you to prepare and route your payments so that secure and accurate Straight-Through-Processing is achieved and payment failure is reduced.

With a proprietary toolkit of validation, file conversion, and sanction filtering capabilities, Fides assures that clients’ payment and messaging activity are accurate and reliable.

“We integrate Fides with our ERP and TMS and they are a one-stop shop for us. We receive bank statements from Fides. We receive payment confirmations from Fides. We deliver payment instructions to Fides. By using Fides to aggregate, validate, and standardize our transaction data and communications, we have achieved a level of business continuity that is invaluable to our treasury operations.”
Lawrence Hirsh Assistant Treasurer @ AES Corporation

Features & Benefits

Validation Service

  • Accurate transaction data and controls Fides validation capabilities ensures the creation of accurately structured payments thereby improving control and consistency for all transaction data.
  • Smooth account reconciliation Thorough data validation capabilities and services ensure that opening and closing bank balances, statement formats and any other transaction data points are correct and consistent for bank account reconciliation.
  • Consistent reporting Reliable data is the basis for consistent reporting across all banks. With access via TMS, ERP, or Accounting system integration, clients can access real-time insights at the click of a button.
  • Increased workflow control All transactions are created, validated, executed and monitored through a single workflow, eliminating manual intervention completely.

Sanction Filtering

Fides pre-screens all transactions at the banking level, prior to market release. Using Fides’ sanction filtering capabilities helps manage and mitigate payment fraud thereby reducing financial and reputational risk.

To ensure continuity of your transaction processing, Fides’ sanction filtering capabilities are included in the core solution so that every client can minimize the risk of liquidity loss, blocked money, etc.

System Integration and Straight-Through Processing

Leveraging the latest technology, all of Fides’ solutions can be used as a standalone solution accessible from any location via the web.

Moreover, for those clients requiring integration with third-party technologies such as accounting systems, ERP, or TMS solutions, Fides solutions can be seamlessly integrated to achieve full straight-through processing. Even clients who operate on multiple versions of their third-party technologies can leverage Fides’ solutions services to achieve STP.

Security

Complete transparency, automation and documentation ensure ongoing security of payments. Additionally, as an independently operated subsidiary of Credit Suisse AG (CS), Fides is held to the highest security standards. These include, guidelines on data access, as well as strategies for business continuity / recovery of critical systems, data, and business processes.

The Fides Difference

Fides is the world leader in multibank connectivity, payments and transaction communications. A market leader for more than a century, Fides is committed to the principles of Open Banking, making treasury and financial operations as efficient, transparent and secure as possible for all organizations.

Fides provides everything organizations need for efficient cash and liquidity management, all through a single platform — along with connectivity to more than 13,000 financial institutions through an unmatched range of methods and channels. Thousands of companies around the globe rely on Fides’ connectivity capabilities and comprehensive workflow, reporting, conversion, validation and security services, for their own businesses and for extending services to their clients.

Whether you access via the secure Fides Multibanking Suite or take advantage of our seamless integration with third-party ERP, TMS and other backend systems, Fides is the only platform you need.

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