LogicaCMG signs Bank of Slovenia to EBA Connection product
12 October 2004 | 3812 views | 0
Bank of Slovenia has licensed LogicaCMG's Euro Banking Association (EBA) Connection product, which was developed in partnership with US-based Sterling Commerce.
The system connects banks to the EBA Step2 payments clearing service. The product can be used as a direct connector to the Step2 automated clearing house or delivered as a bureau service, which financial institutions can use to collate payments for their customers.
A bureau version of the product was developed by LogicaCMG's local partner in Slovenia Halcom Informatika which is based on its Hal E-Clearing/GC system.
The central bank will use the technology to provide commercial banks in the country with connectivity to EBA Step 2.
Matjaz Cadez, MD of Halcom Informatika, says the system will manage increasing transaction volumes and deliver other financial message types.
"This, combined with an ability to feed exceptions and confirmations back to payments systems as easily as it sends bulked payments, helps the Bank to reduce per-transaction costs and comply with regulatory demands," says Cadez.
EBA Connection is being launched at this year's Sibos confernce and exhibition in Atlanta.