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Fides Treasury Services Ltd., a global leader in multi-bank connectivity and communications, has announced a new partnership with Instimatch Global, a digital platform for money markets. The collaboration will allow Fides to provide access to money market liquidity on Instimatch's platform directly through the Fides Multi-banking Suite portal.
Fides CEO Andreas Lutz stated, "Our clients have told us that money market access is important, and we believe in supporting the needs of our customers. We are delighted by the opportunity to simplify access to Instimatch, which has demonstrably secured growing interest from treasurers globally."
Instimatch Global is disrupting the traditional phone and broker-based methods in which money markets still largely operate. By digitally connecting borrowers with lenders within the vast unsecured money markets, the global network offers more efficient workflow, better pricing, and the ability to diversify counterparty risk. The company won the Swiss Fintech Awards last year and experienced significant growth in usage in 2020.
Daniel Sandmeier, CEO of Instimatch Global, said, "Fides was the obvious choice for a strategic partnership focused on growth. The Fides global multi-banking network is the largest of its kind, and this alliance marks a step change for Instimatch as we further industrialize use of our platform. Many Instimatch clients have stressed to us the importance of portal-based accessibility, integrating Instimatch more easily with other Treasury solutions."
The Fides partner network spans the entire treasury world, offering a wide range of innovative solutions from ERP and TMS vendors to software and consultancy services. The Instimatch partnership enables Fides to offer the first of several new types of complementary partner solutions to its clients, meeting the diverse needs of corporate treasury and finance professionals.
As part of Fides' digital open ecosystem expansion strategy, the company plans to integrate more complementary partner solutions within the next few months, allowing corporate treasurers to further leverage the Fides Multibanking Suite.
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, clients can reach further and connect faster. The company's 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.
Instimatch Global is a digital marketplace for trading cash deposits across multiple geographies, sectors, and currencies, offering unparalleled market depth and breadth. Clients include banks, corporations, pension funds, asset managers, family offices, insurance companies, and municipalities. The digital network enables a global community of institutional borrowers and lenders to directly engage with each other and execute on their liquidity needs – all within a convenient and easy-to-use platform. Founded in 2017, Instimatch has offices in Zurich, London, and Doha, and serves over 140 institutional clients across 20 countries.
