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Archive for tag: Payments as a Service

Sibos Day 3

The highlight of our 3rd day in Sibos was the special interest session hosted by BIS - "Streamlining the Financial Supply Chain Ecosystem" a session brought to you by the community.

We are looking to the business enrichment the main players of the financial supply chain (commercial banks and public administration) might offer to their customers (corporate and individuals). We approach the operational risk containment by:

1. liquidity management (reporting and forecasting)
2. trade finance automation
3. SWIFT enabled corporate to bank business interoperability
4. compliance with regulation
5. payment as a service to process the corporate treasuries and banks financial transactions in the European (multicurrency) space
6. fitted front and back office to handle the funds transfers of non banked individuals

We are proud that important speakers in the banking-financial community accepted our invitation to join the panel:

Radu Gratian Ghetea, President and CEO, CEC Bank S.A.
Rodica Tuchila, Senior Advisor, Arb Asociatia Romana A Bancilor
Ruud van der Horst, Independent Consultant
Corina Mihalache, Business Consultant Business Informaton Systems
Laurentiu Andrei, General Deputy Director Romanian Treasury -Ministry of Public Finance



Half the way of the Sibos week, which was so far rewarding, but also a bit tiring, we initiated an oasis of less formal networking, after Sibos closing hours, by hosting a dinner where we experienced a fusion of Dutch specialties and Romanian wine. We reunited, in a smart casual atmosphere, the Sibos delegates coming from Romania, business partners and customers.

We still have one more Sibos day to go!

Sibos Day 1

The first day of Sibos brought together a very impressive number of participants, as it usually happens when the event takes place in Europe. The variety of exhibition booths is fabulous, companies were very creative and spared no expenses to make their stands as attractive as possible to the visitors.

Our stand activity started early, since we welcomed some of the partners and acquaintances we have made in the last Sibos editions. However, we have also engaged in several discussions with new contacts who were intersted in what the only Romanian company present at Sibos has to offer for the banking financial market.



Today is the first time we've publicly showed the live demo of our certified SWIFTReady Workers' Remittances solution right into our booth. A more detailed overview will be presented on Thursday 28 October11:00 - 12:30 Community 1, at the "Workers' remittances: Your global platform for person-to-person payments" session where Mr Sorin Guiman, our CEO is invited as a speaker to state our experience in implementing SWIFT's WR solution.


Soon after that we performed the premiere demo of our latest hosted specialised processing centre, Payment as a Service (PAYaaS). This is the solution we've prepared to launch in Sibos 2010, which proved to be of great interest among our partners and customers. PAYaaS is a consistent package of services managing financial transactions for corporate treasuries and banks in the European space, providing: transaction processing, access to shared business modules, SWIFT connectivity and SWIFT business applications.

Regardless of the business size, PAYaaS is the optimal solution to account significant cost savings, business agility and risk mitigation in a very fluid business environment.


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