More NewsDelta Lloyd Group Implements Clear2Pay’s Corporate Payment Hub SEPA Solution

Delta Lloyd Group Implements Clear2Pay's Corporate Payment Hub SEPA Solution

Delta Lloyd Group (NL), a Dutch insurer, is implementing Clear2Pay’s Corporate Payment Hub single euro payments area (SEPA) solution to power the group’s new group-wide central payments infrastructure. The new facility serves all parts of the Delta Lloyd Group and acts as a multi-label, multi-bank and multi-risk carrier.

At a functional level, and as compliance demands, the service-oriented architecture (SOA) technology enables the various businesses to operate autonomously in terms of processes and client data, yet use the same single and efficient payment infrastructure and centralise data storage. The flexible nature of the hub further ensures that the central payment facility meets the various and unique demands of each group subsidiary through the flexible use of business rules significantly reducing implementation effort and keeping in step of ongoing evolutions. The project is scheduled to go live by mid-2012.

Peter Heemskerk, IT director at Delta Lloyd, said: “Clear2Pay’s solution gives us the best of both worlds: optimisation and operational efficiency, yet flexibility in the business where we need it. The already significant and rapidly growing market presence of the Corporate Payment Hub, which we implemented earlier, gave us the confidence to make this move towards full SEPA compliance with Clear2Pay’s technology as well.”

Related Articles

Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

3m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

3m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

3m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

4m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

4m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

4m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

4m Tasja Botha
FX for corporates: 5 best practices for treasurers

Economy FX for corporates: 5 best practices for treasurers

4m Mateo Graziosi