Mar 03, 2011 - AB Bank SNORAS goes live with DataMatrice™ for SEPA 4.0 compliance, at its Latvian branch.
When the Latvian central authority established regulatory standards for local payments, Bank SNORAS had to prepare for the change. By the end of 2010, EKS EURO would be SEPA compliant system, which would ensure its participants' capability to send and receive euro payments within the SEPA area. Respecting the importance of conformity, and not undermining the inceptive challenges that came along with it, SNORAS turned to IDEALINVENT for a solution.
IDEALINVENT’s coveted product offering, DataMatrice™, is equipped for handling various payment standards and with the implementation and central bank testing completed within a short tenure of four months, the versatility of the product was affirmed, again. This endeavor – one of the many, undertaken by Bank SNORAS and IDEALINVENT, together - cements the way to a long and mutually beneficiary relationship.