SEPA for banks

Taking maximum advantage of SEPA

SEPA is a catalyst for change. Currently, many large corporations operating across Europe depend on multiple banking relationships to manage their payment processes. With SEPA on the horizon, they recognize the opportunity to revamp and optimize these processes, and corporate banks can play a key role in supporting them.

Corporate banks can take maximum advantage of SEPA by offering services and solutions to help their customers understand, prepare for and adapt to the changes required by SEPA. By doing so, they can significantly improve their customer service, expand their client base, create competitive advantage, and ultimately drive profitable growth.

What CGI offers

CGI provides banks with comprehensive SEPA services that they can, in turn, offer as white-label services to their customers. Our offerings include the following:

• White label SEPA service for corporates
• Full SEPA mandate management
• One-time legacy migration
• Direct debit conversion and formatting
• Credit transfer conversion and formatting
• Scanning, archiving and high-volume printing
• Payment hub (connectivity to banks for routing and validating transactions)
• Consulting

We are currently working with leading banks, such as Citi and Royal Bank of Scotland, to help them deliver SEPA services to their corporate customers. Through CGI, banks can deliver the support and benefits their customers need to effectively comply with and fully leverage SEPA.

The value we deliver

CGI provides banks with the expertise and capabilities they need to provide end-to-end SEPA services and solutions to their customers. Our work with banks delivers the following competitive advantages:

• Extensive knowledge of SEPA requirements
• In-depth understanding of processes and systems impacted by SEPA
• Vast technology know-how and experience, including system upgrades and migrations
• Effective transition planning and execution
• Timely, high-quality solution implementation
• Reduced compliance risks and costs

Why CGI?

CGI supported the European Payments Council and Euro Banking Association in developing SEPA. In fact, we helped to develop SEPA’s rule books. As a result, our experts have a thorough understanding of the initiative’s requirements, challenges and opportunities. This expertise combined with our decades of technology know-how and experience provide banks all they need to offer their customers superior SEPA services and solutions.

We offer methodologies and tools proven to speed up readiness efforts. We collaborate closely with banks, helping them to build and establish a competitive SEPA offering that draws customers and delivers results.