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Cecabank Report 2018
Our business model
Infrastructure and payment services
They are all the services provided to credit institutions and corporate clients
for the integrated management of bank collections and payments, discount
operations, payment confirmations, and technical coverage of connectivity
to SWIFT.
The strengths of this service are focused mainly on four pillars: a
personalised service, flexibility and adaptation to the clients' needs,
confidentiality and neutrality.
In 2018 we adapted to the new versions of SEPA payment “Rulebooks” in
transfers and direct debits, with both customers and represented companies.
We also contributed to the design and implementation of the representation
service for instant transfers in the framework of the new SNCE023 subsystem
in the ASI4 settlement modality.
Within the scope of SWIFT, Cecabank's self-certification as a Service Bureau,
has been completed, acquiring SWIFT certified specialist labels in the
administrative and technical spheres.
As a relevant milestone worth mentioning is the launching of the second
phase of the online platform to supervise and control the Exchange of
Payments for entities represented in the SNCE (National Electronic Clearing
System), including SEPA interchange and cheques; a third phase has been
initiated with fund transfers.
Efforts have continued in facilitating operations of collective investment and
pension fund managers in the depositary field in terms of the management of
current accounts, the management of payments and collections, and carrying
out exchange and settlements of transfers, as well as for new Securities
Brokers which have started providing services following the Securities Market
Reform.
The entity has renewed AENOR UNE- EN ISO 9001 quality certifications
relating to exchange, clearing and settlement services for collection and
payment transactions (transfers, direct debits, transfers of funds and
advance credit payments), as well as the UNE-ISO/IEC 27001 standard
on information security management systems within the scope of SEPA
operations. These certifications are evidence of the culture of continuous
service and quality improvement which is at the core of the Cecabank's
Strategic Plan.
During 2018, two new entities have been added as clients in the
representation service in the SNCE. A new company has been included
in services for channelling international SWIFT payments, and six new
companies in services for managing cash-letter remittances.
The bank has acquired SWIFT
certified specialist labels
Several process automation
projects using robots have
been initiated in the current
account services and information
management services of liquidity
positions in euros and currencies
The entity has renewed AENOR
UNE- EN ISO 9001 quality
certifications relating to exchange,
clearing and settlement services
for collection and payment
transactions
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