On November 15, we organized the 29th edition of Allevo’s User Group Meeting.
As we are approaching the end of the year, the discussions were focused on Allevo’s projects in 2016, our plans for 2017, the partnership with SWIFT and information about two initiatives new for the Romanian banking system: EBICS and Earthport.
We announced new customers who implemented our open source solution, FinTP: EximBank, Garanti Bank and Encot. SEPA was one of the most debated project of 2016, as all banks have become compliant as of 31 October 2016.
We will continue to promote our Banking On Open Source Technologies solution, to automate flows for corporate treasuries and to streamline their relationship with banks. Plans for the future also include making new partnerships and researching technological options – open source technologies, blockchain, Ripple, Ethereum and so on. We are keeping an eye on PSD2 and instant payments and assessing impact on the local banking system.