11 December 2017
visit http://response.ncr.com

Slovenska sporitelna deploys Dion Sepa platform

06 March 2014  |  1707 views  |  0 Source: Dion Global Solutions

Dion Global Solutions (BSE: 526927), technology partner to the financial services industry, has announced that Slovenská sporiteľňa has started processing Single Euro Payments Area (Sepa) transactions with its Sepa Gateway technology.

SEPA payments have been cleared via the technology since July last year, and the bank also migrated direct debit payments to the platform from February 1st 2014.

This means Slovenská sporiteľňa can now fully automate payments and direct debits in line with SEPA, which is an EU initiative aimed at simplifying bank transfers across Euro currency nations. The Erste Group owned bank, which processes the highest volume of retail transactions across Slovakia, is using Dion's technology to help manage high transaction volumes in preparation for SEPA's deadline for payment transfers, recently extended to August 2014.

Petr Brávek, COO of Slovenská sporiteľňa, said: "No bank can afford to rest on its laurels when it comes to the clearing and processing of SEPA payments, despite the recent deadline extension providing extra breathing space. Dion provides our bank with a stable IT solution, which fully meets the requirements of the largest bank in Slovakia"

Dirk Vesper, Vice President of Product Management at Dion said: "Our close co-operation with the team in Slovenská sporiteľňa has allowed the bank to hit compliance targets way in advance of the newly proposed SEPA deadlines. Our SEPA Gateway technology simplifies migration projects for banks, reducing complexity without the need to make changes to existing business operations. We look forward to continuing to work closely with Slovenská sporiteľňa to ensure that any newly enforced regulatory measures are met in good time." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.solutions.lexisnexis.comvisit www.response.ncr.comvisit www.atos.net

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18063 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11024 views comments | 7 tweets | 6 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
6597 views comments | 13 tweets | 20 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6410 views comments | 8 tweets | 17 linkedin
Barclays, First Direct and Nationwide join FCA sandbox cohortBarclays, First Direct and Nationwide join...
5816 views comments | 5 tweets | 12 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job