Iren selects SIA to launch new advanced payment services

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Italy-based Iren has selected SIA for launching advanced payment services brought about by the introduction of the PSD2 Directive. Iren offers the new Payment Initiation Service (PIS) through SIA’s digital Open Banking platform. The service offers Iren’s customers to pay their electricity and gas bills online directly from the web platform or the ‘IrenYou’ app by connecting to their Internet Banking site.

“Electronic payments will be an extraordinary enabler for Iren’s nationwide expansion with the aim of combining technological evolution and customer orientation. The new IrenPay service – provided through SIA’s digital Open Banking platform – will be an important tool to offer our customers increasingly digital and personalized services”, stated Gianluca Bufo, CEO of Iren Mercato.

SIA accompanied Iren throughout the digital transformation process that allowed this multi-utility company to obtain authorization from the Bank of Italy to operate as a Payment Institution. SIA’s Open Banking Platform is expected to create and integrate services and applications while minimizing development costs, technology investments, organizational impacts and accelerating time-to-market, as well as guaranteeing compliance with regulations. SIA also supports companies in the design and implementation of use cases best suited to their business strategies and objectives.

“The decision of a major multi-utility company such as Iren to trust the technology and expertise of our staff is further confirmation of SIA’s ability to accompany the digital transformation of banks, corporates and fintechs, through the development of particularly innovative initiatives, and thus always promoting increased use of electronic payments. Open Banking is among the main strategic initiatives on which we have been focusing with investments in platforms and with the creation of new services and applications for all the players involved in the new ecosystem enabled by PSD2”, commented Nicola Cordone, CEO of SIA.

Recently, SIA’s wholly-owned subsidiary, New SIA Greece, reached a strategic agreement with a global maritime financial solutions provider, MarTrust in a bid to provide new real-time Contact Centre Services to its global cardholders operations.