Sentenial Chosen By ABN AMRO for SEPA Direct Debit Compliance
Sentenial has been contracted by ABN AMRO to deliver a fully SEPA compliant solution for the bank’s pan European Direct Debit processing requirements. The Sentenial EuroDebit solution will be fully integrated to the bank’s core payments architecture to enable the bank meet mandated SEPA rulebook requirements. Using EuroDebit, ABN AMRO hopes to have the ability to rationalise a number of legacy and in-house Direct Debit systems and ensure the group’s scheme rule compliance while achieving high straight-through processing levels and exception automation. A major factor in the selection of the Sentenial solution was its multi-scheme, multi-bank, mulit-currency capabilities, which provides the bank with a long-term solution, future proofed against ongoing scheme changes, including SEPA. In addition to SEPA compliance, Sentenial says the solution will provide the bank with a proven mandate management platform to ensure efficient processing of mandates under the new scheme rules.