FinTP FOR PUBLIC ADMINISTRATION

FinTP for public administration enables financial flow automation, integration and consolidation, targeting these scenarios:

  1. Collection of taxes, penalties, excises etc
  2. Payment of wages, pensions and state subsidies in compliance with the SEPA standard
  3. Public debt business automation through settlement of treasury bonds on all trade phases. FinTP provides an auctioning portal for allocation and settlement of treasury bonds for the primary market.
  4. Financial management or structural funds, in a business group managed by the State Treasury. It supports payment of funds to suppliers

FinTP plays multiple roles in the financial business of a public administration. It creates a bridge between the global secure network of banks (SWIFTNet) and the Government secure national network, performing format conversion and business flow mapping. FinTP thus acts as a financial integrator for public institutions. It also enables interoperability with the banking community and financial market infrastructures.

Automation of tax collection and budgetary payments (wages, pensions, state subsidies) due to individuals, intermediated by banks. FinTP also provides means of operation online and via mobile devices.

 

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