Standard Chartered Bank has implemented ACI’s
Money Transfer System 4.0 for its currency clearing business in
Germany.
The implementation of ACI’s latest version of
the clearing solution is part of Standard Chartered’s SEPA
compliancy strategy.
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Madhavan Ramaswamy, global head, product
management, banks, at Standard Chartered Bank said:
“Our clients recognise the bank’s
strength in providing access to its international network and
multi-currency capabilities to facilitate seamless cross border
trade and cross-border transactions.”
A recent report by The UK’s Financial
Services Club and Logica found that 70% of banks believe that SEPA
will be a reality by 2017.
The survey found that the overall confidence
in SEPA had risen, albeit marginally, from a year ago.
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