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Sterci launches SOA for payments for SEPA compliance

Sterci, the international software provider of STP solutions, today announced the
launch of a Service Oriented Architecture for payments in the context of SEPA
compliance.
The European Commission is putting high pressure on financial institutions for the SEPA compliance in 2010. Most of the European banks have to re-engineer their payments applications in order to merge Euro domestic and Euro Cross-border channels. In the meantime the banks have to comply with SWIFTNet phase II and to set their strategy regarding their direct or indirect connectivity to TARGET 2 and the new Pan European ACH.

The Sterci solution, scalable, robust and secure, is built on BEA AquaLogic SOA
infrastructure and includes the following key services:
- SWIFT connectivity FIN-FileAct-InterAct for easy access to SEPA compliant
payments market infrastructures TARGET 2 and Pan European ACH.
- Bulking – Unbulking of low-value payments for Corporates to Bank as well as Bank to ACH file processing.
- RMA SWIFTNet phase 2 relationship management application to check the validity
of the relation prior to issuing a payment.
- XML ISO 20022 data mapping (payments, funds, cash reporting, Exceptions &
Investigations to easily bridge legacy application to the new standards
- AML filtering against black lists to comply with EU directives
- Reconciliation of any transaction including payments, forex, money market,
securities

Those re-usable services are delivered through SOA compliant Sterci existing products in the BEA Enterprise Service Bus.
Sterci SOA for payment will be presented at Sibos - Sydney 9-13 October - either on Sterci booth #A11 or on BEA booth # A02.