Deutsche Bank's SEPA engine provides its financial institutional clients with additional options. Where the existing technology platform of an institution cannot be leveraged to comply with SEPA requirements in the short-term or should volumes be too low to achieve low unit costs, an institution may consider alternative sourcing strategies for its payment requirements.
With SEPA, back office payment processing becomes one of the first areas of banking back office operations to become largely standardized. Ultimately this allows banks greater choice of outsourcing partners.
Deutsche Bank offers financial institutions a range of sourcing options from light partner banking services to front-end white labeling to more comprehensive business process outsourcing contracts. Deutsche Bank’s SEPA processing engine will allow the bank to offer full transaction processing on an application service provider (ASP) model.
The institution can choose to focus on the components of its payment business where it needs to reduce costs.