Dion Global Solutions has been chosen by Slovenska Sporitelna whereby the latter has started processing Single Euro Payments Area (SEPA) transactions with its SEPA Gateway technology. SEPA payments have been cleared via the technology since July last year, and the bank also migrated direct debit payments to the platform from February 1, 2014.
With this, Slovenska Sporitelna can now fully automate payments and direct debits in line with SEPA, which is an EU initiative aimed at simplifying bank transfers across Euro currency nations. The Erste Group owned bank, which processes the highest volume of retail transactions across Slovakia, is using Dion's software technology to help manage high transaction volumes in preparation for SEPA’s deadline for payment transfers, recently extended to August 2014.
Dion Global Solutions provides market leading software to financial situations across the globe. Employing over 600 highly experienced and knowledgeable staff within the Finance and IT industries, Dion’s solution covers portfolio management, trading, settlement, risk management, compliance, analytics, messaging and workflow and research services and information products.