29 May 2017
Visit cib.db.com

Sentenial embarks on EUR20 million expansion as Sepa End Date looms

09 November 2012  |  8387 views  |  0 Euro puzzle 5

Dublin-based payments specialist Sentenial is to spend EUR20 million on a pan-European expansion plan which will see the opening of four new offices on the continent ahead of the 2014 Sepa End Date.

The EU regulation which introduced the Sepa End Date has created a deadline of 1 February 2014 by which time all Credit Transfers and Direct Debits in euro must have migrated to the new Singe Euro Payments Area standards.

Sentenial, which offers Sepa migration and maintenance services for banks and corporates, says it will embark on an extensive recruitment campaign to support service delivery and development over the next 15 months.

The first of four continental European offices will open in Brussels on 12 November. Other planned openings in the first phase of the plan in the coming months include, Amsterdam, Frankfurt and Paris. Each office will house local support and sales resources.

Sentenial is also expanding its European partner programmme and is actively seeking partners to bring its Origix product suite to market throughout Europe.

Sentenial CEO, Sean Fitzgerald, says Origix - which is available on a hosted or installed basis - has benefited from an expanded network of bank and corporate clients in recent years and now provides coverage across nine European countries.

"This investment will enable us to accelerate product enhancement and pull in our roadmap for next generation Sepa - post End Date," he says. "Our customers will see accelerated product feature and new service evolution. Building on our presence in many countries by opening permanent offices we will enhance the service experience of our customers domestically and internationally."
KeywordsSEPA

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Irish bank community selects Sentenial to run Sepa conversion service

Irish bank community selects Sentenial to run Sepa conversion service

27 September 2012  |  6091 views  |  0 comments
Banks see corporates as key to Sepa success

Banks see corporates as key to Sepa success

14 May 2012  |  7461 views  |  0 comments
MEPs vote for 2014 Sepa deadline

MEPs vote for 2014 Sepa deadline

14 February 2012  |  10635 views  |  2 comments
Banks sceptical about meeting 2014 Sepa compliance deadline

Banks sceptical about meeting 2014 Sepa compliance deadline

19 September 2011  |  9533 views  |  1 comments
Sentenial to invest in recruitment as payments business kicks off

Sentenial to invest in recruitment as payments business kicks off

05 December 2008  |  6820 views  |  2 comments
Lomax joins direct debit outfit Sentenial as executive chairman

Lomax joins direct debit outfit Sentenial as executive chairman

25 September 2007  |  7093 views  |  0 comments

Related company news

 

Related company information

Sentenial

Related blogs

Create a blog about this story (membership required)
visit www.events.sap.comvisit vasco.com/news/PSD2-compliant-solutionsvisit www.ebaday.com

Top topics

Most viewed Most shared
BBVA launches Open API marketplaceBBVA launches Open API marketplace
15016 views comments | 54 tweets | 82 linkedin
Bank/fintech collaboration can take transaction banking to new heightsBank/fintech collaboration can take transa...
8371 views comments | 12 tweets | 24 linkedin
R3 raises $107mR3 raises $107m
7951 views comments | 17 tweets | 16 linkedin
Digital payments to drive social justiceDigital payments to drive social justice
7862 views comments | 25 tweets | 12 linkedin
TransferWise launches multi-currency business bank accountsTransferWise launches multi-currency busin...
7763 views comments | 13 tweets | 22 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job