European Asset Servicing Leader CACEIS Streamlines International Payments with FIS Platform
September 02 2020 - 8:00AM
Business Wire
Key facts
- Leading European asset servicing firm selects FIS Open Payment
Framework to comply with ISO 20022 and cross-border payment
regulations.
- FIS’ solution provides CACEIS with an enhanced payment platform
to streamline payment operations, reduce processing costs and
provide a smooth payment experience.
Financial technology leader FIS®
(NYSE: FIS) announced today that it has signed a long-term
agreement with CACEIS, jointly owned
by Credit Agricole S.A. and Santander, to provide the asset
servicing firm with an enhanced payment hub to industrialize
payment operations, reduce processing costs and provide a smooth
payment experience.
With custodial assets of € 3.9 trillion, CACEIS is a leading
provider of execution, clearing, securities lending, custody and
fund services to asset managers and institutional and corporate
clients worldwide. The firm was looking for a best-in-class
platform to standardize its cross-border payments, while complying
with ISO 20022 and other emerging payments standards.
CACEIS selected the FIS Open Payment Framework (OPF), an
innovative real-time payments platform that supports ISO 20022
payments standards. In addition to ISO 20022, the platform will
support SEPA Credit Transfer, Direct Debit and Instant Payments as
well as SWIFT gpi and High-Value payments standards for CACEIS.
“It’s very important to CACEIS not only that we stay ahead of
evolving regulatory requirements, but that we provide our clients
with a modern, streamlined payment experience,” said Fabien
Azavant, Chief Information Officer at CACEIS. “A single platform
from FIS will enable us to do that in all our entities, while also
streamlining costs and enhancing visibility of our international
payments.”
“CACEIS joins a growing roster of organizations that are taking
advantage of the advanced functionality of the FIS Open Payment
Framework,” said Sandeep Gill, senior vice president, Banking
Solutions and International Markets at FIS. “We look forward to
working with this market leader to realize the benefits of
deploying our payments platform.”
About FIS FIS is a leading
provider of technology solutions for merchants, banks and capital
markets firms globally. Our more than 55,000 people are dedicated
to advancing the way the world pays, banks and invests by applying
our scale, deep expertise and data-driven insights. We help our
clients use technology in innovative ways to solve
business-critical challenges and deliver superior experiences for
their customers. Headquartered in Jacksonville, Florida, FIS is a
Fortune 500® company and is a member of Standard & Poor’s 500®
Index. To learn more, visit www.fisglobal.com. Follow FIS on Facebook, LinkedIn
and Twitter (@FISGlobal).
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version on businesswire.com: https://www.businesswire.com/news/home/20200902005103/en/
Kim Snider, 904.438.6278 Senior Vice President FIS Global
Marketing and Communications kim.snider@fisglobal.com
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