Zurich, Switzerland – March 9, 2023 – Fides Treasury Services Ltd., the global leader in multibank connectivity, payments and transaction communications, has received the World’s Best Treasury & Cash Management Systems & Services award for Best Cross-Border Payments Solution for Corporates from Global Finance for the second year in a row.
Global Finance uses a multi-tier assessment process — which includes input from industry analysts, corporate executives, technology experts and independent research — to select award winners. Profitability, market share and reach, customer service, competitive pricing, product innovation and the extent to which organizations have successfully differentiated themselves from their competitors are all taken into account.
“In a world where global inflation has returned and supply chain issues continue to remain, smart management of cash and treasury systems is more important than ever,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance. “Our awards honor the organizations that best serve their clients in these unpredictable times.”
Fides connects corporates of all sizes, in all locations, with more than 13,000 banks and financial institutions worldwide. More than 4,000 clients use the Fides Multibanking offering for reliable payments, better cash visibility and streamlined treasury processes. Payments and transaction information of any type are validated and securely transmitted to global banking partners with just a few clicks.
“We are very proud to have received the Best Cross-Border Payments Solution for Corporates award, especially as it is a repeat honor for Fides,” said Andreas Lutz, CEO at Fides. “With a shifting payments landscape that includes changes to regulations, new players, new formats, and new technologies, international payments continue to be challenging for many corporates. Fides is committed to helping treasury and finance professionals automate and streamline processes, making transactions smoother and more secure, and identifying new areas where we can contribute to our clients’ success.”
This award is the latest in a long history of recognition for Fides. Most recently, the company received the 2022 TMI Innovation & Excellence Award for Bank Connectivity for the third year running.