Viveo, a leading provider of solutions to the banking industry, today announced their integrated BIC - IBAN - BBAN functionality.
The offering will enable banks to reach higher STP performance levels as they prepare to become SEPA compliant.
The solution extends Viveo's world-class technologies in the areas of STP with the following features:
- Derive BIC - & Clearing codes from free text
- Provide corresponding BIC/Clearing code to a given IBAN/BBAN
- Propose IBAN based on BBAN
- Validate IBAN/BBAN and propose resolution in case validation fails
Although the solution works seamlessly with leading data providers, such as Accuity and SWIFT BIC+, it is designed to run with whatever data sources customers may desire.