Mitigram partners with Fides to make global trade finance seamless

By Gloria Methri

Fides, the Swiss multibank connectivity provider, has chosen Mitigram as its trusted partner for trade finance supply. This is in line with Mitigram’s strategy to improve bank communication for corporates.

The partnership will enable clients to digitalise their trade finance operations, centralising and simplifying global multibank connectivity and transaction communications, thereby helping them expand their global trade through streamlined transactions. It will also accelerate the onboarding of corporate clients onto the digital trade platform as the already high demand is rising.

Clients will be able to connect effortlessly with SWIFT, allowing easy access to multiple banks and the set-up of bank identifier codes for multibank connectivity. The treasury management systems and enterprise resource planning connectivity services will help corporations and banks further streamline their communications with customers and external counterparties. This collaboration will provide customers with access to the best possible digital trade finance platform for export finance, reducing friction and ensuring businesses can trade freely.

“We are thrilled to partner with Mitigram to open up further and connect global trade,” said Philip Anklin, Chief Growth Officer at Fides. “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.”

“The collaboration with Fides will help customers streamline their internal and external communications and enable multi-bank connectivity, increasing transparency between banks and corporates in the trade finance ecosystem,” said Pedram Tadayon, CEO at Mitigram. “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.”

The partnership will connect companies with banks and make treasury and trade finance as efficient, transparent and secure as possible.