More NewsBofA Merrill Selects Sentenial to Power SEPA Mandate Management Solution

BofA Merrill Selects Sentenial to Power SEPA Mandate Management Solution

Bank of America Merrill Lynch (BofA Merrill) has selected Sentenial to offer Origix Corporate, a single euro payments area (SEPA) payment and mandate management solution, to the bank’s clients.

The solution enables the migration of legacy mandates to SEPA Direct Debit (SDD), ongoing mandate management, document handling and the generation of payment instructions. It offers a one-stop shop for full mandate lifecycle management and the enrichment of legacy collection files to SEPA-compliant standards, as required from 1 February 2014 by SEPA legislation. Of particular note is that BofA Merrill’s clients will be able to benefit from the solution with minimal changes to their existing processes.

Ad van der Poel, product management executive for Europe, Middle East and Africa (EMEA) at BofA Merrill, said: “SEPA is an important development for our clients doing business in Europe. Sentenial is a specialist provider of SEPA payment solutions and our partnership with them greatly enhances our value proposition in this space. Bringing this mature product set seamlessly into the BofA Merrill portfolio will greatly assist our clients to reap the benefits of SEPA in a simple manner.”

Related Articles

Preparing for GDPR? Here’s four things to consider

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

2m 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

3m 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