Integrate different application, M&A activities, new regulations (SEPA, Target2), operational costs reduction, payments STP strategy, represents for financial institutions only the last and the future big pains. Different ICT platforms, different back office applications, different networks are "chaos factors" when time to market has became a "must" from the business point of view.
To respond to the above challenges and requirements, SIA-SSB has developed the IOM proposition.
As SEPA represents an opportunity for banks to reconsider their payments processing, overcoming current "silos" approach, IOM is the ideal solution to smooth down the complexity generated by technological changes with benefits in terms of integration, efficiency and costs reductions.