Aqua Global's e2gen and SEPA
The SEPA Initiative has been forcing the financial institutions to seek a solution that enables them to achieve greater STP rates, real-time visibility and increased efficiency from the initiation of payments through to the banks back end processing.
e2gen supports the SEPA electronic payments messages via its existing Business Data Dictionary. New XML formatted structure changes are introduced in a similar way to SWIFT standards, by downloading them from the Aqua Global support web site.
Full SEPA processing support is provided including automated reject and return processing.
The e2gen solution contains a flexible charging module ensuring that charges are automatically and consistently taken and posted. Additionally, cash management modules can be included within the solution to ensure that the institution maximises returns on its currency balances whilst reducing the risk of interest charges.