Home
Products & services
Payment systems
Bank's business application management
Products & services
Payment systems
Bank's business application management
Bank's business application management
The creation and implementation of SEPA and the introduction of the Payment Services Directive are revolutionizing the European payments industry with ongoing challenges:
- increased competition (e.g. the creation of new Payment Institutions)
- rising customer demand
- decline in average revenues per transaction and pressure on margins
- investments for SEPA compliance.
- SIA approach:
-
The approach developed by SIA aims at:
- reducing costs relating to compliance implementations on the bank's current procedures
- rationalizing the bank's current architecture
The current market turmoil and the global financial crisis are also introducing new requirements for Banks:
In order to be compliant to PSD requirements, banks are asked for investments and have to think how to re-engineer payment processes, execution times, information flows and business models. Payment instruments, potentially becoming commodities, push for an innovative services portfolio. As a result of the challenges banks have to face, their payment architectures must evolve.
SIA Group offering:
- cost reduction and process optimization
- customer satisfaction and competitive services
- time to market.
In order to be compliant to PSD requirements, banks are asked for investments and have to think how to re-engineer payment processes, execution times, information flows and business models. Payment instruments, potentially becoming commodities, push for an innovative services portfolio. As a result of the challenges banks have to face, their payment architectures must evolve.
SIA Group offering:
SIA-SSB for PSD
The solution to help banks minimize costs and accelerate their payment architecture re-engineering process.
|
SAPA
The web application platform to support banks in the strategic rationalization of their payments processes in compliance with SEPA objectives.
|