CEC Bank selects Allevo’ SWIFTReady SEPA payment hub
CEC Bank has contracted Allevo for the implementation of the
Single Euro Payments Area (SEPA) provisions through
qPayIntegrator
suite - the first SWIFTReady SEPA application in 2008
and renewed in 2009. Allevo's application will be fully integrated
with CEC Bank's core payments architecture to help the bank meet
SEPA rule book requirements.
"We chose Allevo's
qPayIntegrator solution not only because we have a
rewarding 10 year collaboration, but mainly due to the SWIFT
credentials received for both the company's team and solution"
says Radu Gratian Ghetea, CEO, CEC Bank.
Apart from its compliance functions with EPC regulations
regarding SEPA formatting and business flows for SCT and SDD,
qPayIntegrator is
optimized for funds transfer management, providing
multiple payments, direct debit and debit instruments support,
liquidity management, continuous Nostro/Vostro reconciliation,
exception investigation, duplicate detection, native real-time
resilience, competitive reporting and analysis.
"Allevo will ensure that CEC Bank meets all of its
compliance obligations, while taking full advantage of the new
commercial avenues which SEPA opens" says Sorin Guiman, CEO
Allevo.
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About:
CEC
Bank is the oldest bank in Romania -
celebrating its 144th anniversary in 2008, focused on
providing banking services for individuals and small & medium
companies. Under its new visual identity, CEC Bank aims to offer a
richer and renewed portfolio to its clients.
Allevo
is a private Romanian software vendor and consultancy company
focused on reliably ensuring the exchange and processing of
value-related transactions.
Allevo's solutions are based on
qPayIntegrator®
suite (certified SWIFTReady Gold SEPA 2008 & 2009,
successfully completed SWIFTReady WR certification tests) and the
value-added services performed by our SWIFT certified technical
& business experts on Euclid, Target2, Cash Reporting, Bulk
Payments SEPA, Corporate, TSU and Funds, SWIFTAlliance Suite &
RMA.