A new agreement reached between SWIFT and Reval means that corporate treasury teams using the Reval Cloud Platform for automated cash and liquidity management can now join the SWIFT messaging network to connect their bank accounts anywhere in the world. The alliance adds to the bank connectivity options Reval offers its clients.
“The combined offering of Reval and SWIFT’s Alliance Lite2 not only follows the global movement toward cloud-based solutions for treasury management systems, it also offers an easy, streamlined approach to global banking,” Ed Adams, head ofcCorporates–Americas & U.K. for SWIFT, said in a statement. “By capturing client requirements and providing training for mutual clients, we are making it easier for companies to join the SWIFT community, while leveraging the best-in-class treasury technology of Reval.”
“Our collaboration with SWIFT makes day-to-day operations much easier for companies that want a seamless treasury management experience,” explains James Gilbert, senior vice president of strategic alliances at Reval. “With the formal alliance between SWIFT and Reval, companies will have a mutually supported source of service for their bank connectivity needs.”