Read more about Cirquent's conversion platform for Dresdner Bank
The objective
Easier access to SEPA: The idea behind the conversion platform was to convert non-SEPA formats into SEPA and to provide access to SEPA – without Cirquent's customer having to change to an XML format.
Benefits for corporate customers
Dresdner Bank can now offer its corporate customers all the benefits of SEPA:
- No foreign accounts for corporate customers: Corporate customers no longer have to maintain separate accounts with foreign banks.
- Low transaction fees for corporate customers: Dresdner Bank can process all transactions in Germany – corporate customers benefit from lower German transaction fees.
- Lean liquidity management: In the long term, the entire liquidity management system can focus on just a few accounts.
- More growth:"For us, SEPA is a growth story – in other words a path to more growth." Christian Rhein, functional project manager at Dresdner Bank AG
Cirquent's services
New product platform: To convert the old format, Cirquent developed a technical product platform with
- easier maintainability
- more performance
- outstanding efficiency
- fully automated processing
- safeguards for the future – the latest standards are mapped
Support in all project phases – The specific tasks of Cirquent were:
- Analyse the requirements and integrate the new SEPA requirements
- Define/draft the target architecture on the basis of the existing product platform
- Implementation
- System tests
- Implement changes during the course of the project – adapt to the changing SEPA guidelines
- Rollout
