ABN Amro Bank to meet SEPA regulations

ABN Amro Bank selected Sentenial Ltd, an international supplier of total direct debit processing solutions to deliver a fully SEPA compliant solution for the bank’s pan European Direct Debit processing requirements. With the full integration of the Sentenial EuroDebit solution into the bank’s main architecture ABN Amro Bank will be able to comply with compulsory SEPA rule book requirements.

EuroDebit will allow ABN Amro Bank to rationalize many legacy and in-house Direct Debit systems and ensure the group’s scheme rule compliance while achieving high STP levels and exception automation. The bank made its decision to implement the Sentenial solution in light of its multi-scheme, multibank, mulit-currency capabilities which provide ABN Amro Bank with a long term solution, future proofed against ongoing scheme changes, including SEPA.

Apart from SEPA compliance with EuroDebit solution ABN will be provided with a proven Mandate Management platform to ensure the smooth and efficient processing of mandates under the new scheme rules.