Sweden's Handelsbanken has signed a deal with Nordic IT firm TietoEnator for the provision of a system to manage Sepa credit transfers.
The new application will be integrated with the bank's existing SwiftNet connectivity technology for FileAct.
Robert Bleiweiss, head of the system responsibility team at Handelsbanken, says the new application will enable the bank to be fully compliant with the requirements for Sepa credit transfers and the European Bank Association's EBA Step2 SCT clearing service by January 2008.
Patricia Pittomvils, VP, offering management, TietoEnator banking and insurance, says the technology meets current market demand for Sepa market compliance and provides the basis for additional payments processing lines such as Sepa direct debits.
Last month Swedbank signed a deal with TietoEnator for a Sepa credit transfer system. Scandinavian group Nordea has also selected TietoEnator technology for Sepa compliance.