Bank of America Merrill Lynch (BofA Merrill) has selected Sentenial to offer Origix Corporate, a single euro payments area (SEPA) payment and mandate management solution, to the bank’s clients.
The solution enables the migration of legacy mandates to SEPA Direct Debit (SDD), ongoing mandate management, document handling and the generation of payment instructions. It offers a one-stop shop for full mandate lifecycle management and the enrichment of legacy collection files to SEPA-compliant standards, as required from 1 February 2014 by SEPA legislation. Of particular note is that BofA Merrill’s clients will be able to benefit from the solution with minimal changes to their existing processes.
Ad van der Poel, product management executive for Europe, Middle East and Africa (EMEA) at BofA Merrill, said: “SEPA is an important development for our clients doing business in Europe. Sentenial is a specialist provider of SEPA payment solutions and our partnership with them greatly enhances our value proposition in this space. Bringing this mature product set seamlessly into the BofA Merrill portfolio will greatly assist our clients to reap the benefits of SEPA in a simple manner.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.