Along with support for the Single Euro Payments Area (SEPA) credit transfer and SEPA direct debit standards, Fundtech’s offering includes enhanced liquidity management capabilities. This enables the intraday management of consolidated euro position, payment prioritization and liquidity transfers between Central Bank accounts.
Reuven BenMenachem, CEO of Fundtech, said: SEPA will deliver important business and cost-savings benefits to the industry, to our clients, and to their corporate customers.
These banks have chosen Fundtech SEPA solutions because we are a product innovator with significant depth of experience in the European market, as well as with evolving market infrastructures such as UK faster payments and CLS.
