back Back

CACEIS streamlines payments with FIS platform

By Robin Amlot

September 02, 2020

  • Caceis
  • Europe
  • FIS
Share

Financial technology provider FIS has signed a long-term agreement with CACEIS, jointly owned by Credit Agricole and Santander, to provide the asset servicing firm with an enhanced payment hub to industrialise payment operations, reduce processing costs and provide a smooth payment experience. With custodial assets of EUR 3.9 trillion, CACEIS is a 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 standardise its cross-border payments, while complying with ISO 20022 and other emerging payments standards.

CACEIS selected the FIS Open Payment Framework (OPF), a 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.”

FIS is a provider of technology solutions for merchants, banks and capital markets firms globally. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of Standard & Poor’s 500® Index. The firm has more than 55,000 employees.

Previous Article

September 02, 2020

Proxymity ID disclosure solution launches ahead of SRD II deadline

Read More
Next Article

September 03, 2020

Standard Chartered names Anthony Lin as CEO of Greater Bay Area

Read More








IBSi Daily News Analysis

payment check out, Open Banking

April 23, 2024

Caceis

UAE retailers lose millions annually on payments fraud; consumers’ wallets impacted

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Mastercard & UniCredit launch touch cards for visually impaired

Read More

Today

Thunes to acquire payments platform Tilia LLC

Read More

Today

Razorpay launches UPI Switch in partnership with Airtel Payments Bank

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023