Mitigram, a global leader in digital trade finance, has announced a strategic partnership with Fides, the industry-leading provider of multibank connectivity solutions.
This partnership marks a significant step in Mitigram’s strategy to enhance bank communications for corporates, streamlining global trade finance operations.
The collaboration between Mitigram and Fides will digitalise trade finance operations by centralising and simplifying global multibank connectivity and transaction communications. This initiative is set to expand global trade by facilitating more streamlined transactions and accelerating the onboarding of corporate clients onto digital platforms, particularly as demand continues to surge.
Clients will benefit from simplified connections with SWIFT, gaining easier access to multiple banks and the setup of bank identifier codes for enhanced multibank connectivity.
Additionally, the partnership will bolster treasury management systems and enterprise resource planning connectivity services, aiding corporations and banks in enhancing their communications with customers and external counterparts. This collaboration is poised to offer a top-tier digital trade finance platform for export finance, reducing operational friction and enabling businesses to trade more freely.
Philip Anklin, chief growth officer at Fides, said, ““We are thrilled to partner with Mitigram to further open up and connect global trade. We see significant momentum in the digitalisation of trade finance, and this partnership will enable communities to connect, fostering access to and usability of data internally and communications externally.”
Pedram Tadayon, CEO of Mitigram, added, “The collaboration with Fides will help customers streamline their internal and external communications and enable multibank connectivity, increasing transparency between banks and corporates in the trade finance eco-system. In particular the commodity and manufacturing industry is currently driving digitalisation and the need to improve connectivity and access to data, helping build trust and communities between customers and financial institutions.”
Fides is the world leader in multibank connectivity, payments, and transaction communications. With a history spanning over a century, Fides is dedicated to making financial operations as efficient, transparent, and secure as possible for organizations.
Serving over 4,000 clients, Fides offers comprehensive services for efficient cash and liquidity management, connecting to more than 13,000 banks globally through its secure Fides ONEHub or seamless integration with third-party ERP, TMS, and other backend systems.
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