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Direct Bank Connection

Tietoevry's offer for ISO20022-based payment files

Direct Bank Connection

Tietoevry is now ready for the new payment infrastructure and can meet the messaging standard within ISO 20022.

With the cloud service Tietoevry Direct Bank Connections, Tietoevry's customers receive a solution for secure information exchange with their banking partners according to ISO 20022. The service takes care of the connection and the security functions necessary for exchanging information with the banks and supports the various technical solutions the banks have chosen to use.

Our customers can have several different business systems and different facilities connected to the service, either via direct connections from the business systems to our cloud service, or via a local integration platform such as TEIS.

Our customer's agreement with Tietoevry applies to the technical connection to the bank, where our service acts as an information mediator between our customer and the bank. The customer's relationship with the bank, including the information exchanged with the help of the connection, is a matter between the customer and the bank

Åke Liedgren

Senior Business Development and Solution Sales Manager

ISO 20022

P27- Nordic payment platform

P27 is an initiative to create a Nordic payment system. The new system creates the conditions for several Nordic initiatives and innovations. The purpose of P27 is that domestic and foreign payments, in the Nordic currencies and euros, can be made quickly and smoothly in a secure system, in real time. This is one reason why Swedish banks now offer payment products adapted to the ISO 20022 payment format.

Read more about Tietoevry's P27 initiative.

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Bank information

The purpose of P27 is that domestic and foreign payments, in the Nordic currencies and euros, can be made quickly and smoothly in a secure system, in real time.

As a result, the Swedish banks, including Nordea, will offer payment products adapted to the payment format ISO 20022, which is an international standard for financial messages (payment files) in XML format. This means that you as a corporate customer will use Nordea's services instead of the services currently offered via Bankgirot.

 

Read more here.

In the SEPA area, companies and individuals can send and receive payments in euros in a uniform manner through the ISO 20022 payment format and the account numbers specified in the IBAN format.

SEPA brings several opportunities for your company and can give you more efficient cash management and a better overview of liquidity in Europe. SEPA also means that it is possible to handle payments in a simpler and more centralized way.

 

Read more here.

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