- The magazine
- Daily brief: Moneycorp
- Market Commentary: Interactive Data
- Market update: Western Union Business Solutions
- Morning commentary: Capital Spreads
- Trading commentary: CaxtonFX
- Trading commentary: Currencies Direct
- Trading commentary: Saxo Bank
- Weekly commentary: Natixis
- Daily Forex Brief: FxPro
- UKForex: Daily commentary
- About us
- Contact us
Publication date: 2 March 2012
HSBC selects Dovetail for Sepa processing
HSBC has selected technology from Dovetail for its European volume payments system as it prepares for the upcoming Sepa migration deadline.
Following protracted negotiations, European authorities recently, finally, set an end-date of 1 February 2014 for banks to migrate to Sepa instruments.
HSBC says that now this issue has been settled, customers are looking at how they can rationalise and streamline their payments operations in the Eurozone in the post-end-date world.
The banking giant is preparing with Dovetail’s payment services hub, which will process Sepa credit transfers and direct debits as well as automatically manage both debtor and creditor mandates for 11 countries.
Martin Coen, CEO, Dovetail, says: “Dovetail’s proven productised approach and scalable modern architecture means we can tailor both the product and the processing capability to meet HSBC’s operational needs today, as well as their strategic needs and anticipated growth in the future.”
Commerzbank AG Currenex DataLog Finance Davies Arnold Cooper FXCM FXecosystem FxPro GFI Group InterTrader Direct Kantox LMAX Exchange PFSOFT PROTRADER Price Markets riskart SmartStream Technologies smartTrade Technologies Squared Financial Services Ltd Wall Street Systems