Viveo introduces new functionality for Sepa compliance

Source: Viveo

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.

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