About P27 Payment Hub

P27 is so much more than compliance. It will let your private and corporate customers pay to the Nordic counterparts effectively and help them to ease the friction of handling everyday situations related to payments. But it all comes down to what payment system you have, to get all these benefits.
Tietoevry can provide you with a modular and flexible solution – Payment Hub. It can be implemented to meet any existing banking system setup. Whether you are preparing for the first step to meet compliance or considering a full payments system upgrade to support the future market changes. The open architecture of Payment Hub supports stepwise implementation. In this way, you can extend the solution to fit new modules and new payment types.
Payment Hub solution can be easily adapted to market changes, and it supports different payment services such as request-to-pay.

One common payment standard in the Nordics – ISO20022

The one common payment standard in the Nordics will be ISO20022. With P27 you gain benefits of ISO20022 standardization and become open to richer data end-to-end. Better structured and more relevant data equals quality payments. It improves user experiences, while also improving compliance, transparency, and efficiency.

Now the sender will be able to provide significantly more information per each payment. As to the receiver, the payment reconciliations will be easier and provide companies with a great opportunity to automate processes and become even more efficient.

Tietoevry P27 offerings and packages

P27 Connectivity

Service for connecting to P27 Clearing & Settlement and other counterparties, using SIAnet, SWIFT or other service providers.

End-to-End P27 combo with Payment Hub 

The module-based solution allows for the implementation of the whole end-to-end solution. Starting from payment initiation to connectivity towards P27, supporting all payment types (batch and instant) also including functional P27 features such as Alias register. A native ISO20022 solution that handles other payment types such as SEPA, domestic and cross border payments. A flexible solution suited for a phased implementation and a gradual migration from a siloed payment processing environment towards a single consolidated platform.

Corporate P27

Many changes in the nearest future will affect Swedish corporate customers. Tietoevry is here to help you address these challenges. Our Corporate P27 offering supports P27 Account to Account (e.g., salary payments), P27 Giro payments, also additional services such as file format conversion, file archive, authentication and ISO20022 file production.

Benefits to you and your customers

• A standard and proven off-the-shelf solution fully qualified and tested by one of the P27 front-runner banks
• Compliant with the latest industry developments and standards (such as ISO 20022, P27, PSD2, SEPA Implementation Guidelines and Rule Books)
• Support for multibank deployment - single instance and multi-tenant
• Cost sharing for current and future versions of the software
• Support for and access to future P27 payment types and initiatives (e.g., Request to Pay)
• API-driven solution that facilitates increased interactions with internal and external partners adding value to your payment offering
• Short time-to-market for changes or new propositions
• Flexible batch booking features
• Warranty for timely compliance with current and future Rule Books and Implementation Guidelines

Delivery options

• SaaS
• Hosted – cloud
• On – premise

Tietoevry is a proven partner for both the Frontrunners and the Longtailers of P27. We have the experience you need to transform, for we know the possible stumbling blocks and the winning factors. Instead of letting the P27 transformation project absorb all your IT resources, let Tietoevry with the largest pool of payment competences in the Nordics help you gain knowledge, share unique insights and advice you on the best approach going forward. By partnering with Tietoevry you have more time to focus on value added services for your customers.

Tietoevry is a Nordic company with over 20 years of Nordic market experience with mission to support Nordic companies and people. This expertise has been channeled into delivering best-in-class solutions and providing professional consultancy services for our clients. We continue to closely monitor market developments, take part in relevant industry groups, and follow the latest updates and plans for P27.