Bank of America Merrill Lynch Selects Sentenial to Power Innovative SEPA Mandate Management Solution
Bank of America Merrill Lynch has today announced its selection of Sentenial to offer Origix Corporate, an award-winning SEPA Payment and Mandate Management solution, to the company’s clients.
- (1888PressRelease) April 25, 2012 - The solution enables the migration of legacy mandates to SEPA Direct Debit, ongoing mandate management, document handling and the generation of payment instructions. It offers a one-stop shop for full mandate life-cycle management and the enrichment of legacy collection files to SEPA-compliant standards, as required from 1 February 2014 by SEPA legislation. Of particular note is that Bank of America Merrill Lynch clients will be able to benefit from the solution with minimal changes to their existing processes.
Ad van der Poel, Product Management executive for EMEA at Bank of America Merrill Lynch, comments, “SEPA is an important development for our clients doing business in Europe. Sentenial is a specialist provider of SEPA payment solutions and our partnership with them greatly enhances our value proposition in this space. Bringing this mature product set seamlessly into the Bank of America Merrill Lynch portfolio will greatly assist our clients to reap the benefits of SEPA in a simple manner.”
Sean Fitzgerald, CEO of Sentenial, added, “Sentenial is delighted to be chosen by a leading global bank. Combining our extensive SEPA knowledge and experience with Bank of America Merrill Lynch’s large footprint and client solutions-focused approach, this partnership provides an excellent platform for SEPA adoption. With regulatory migration deadlines quickly approaching, Bank of America Merrill Lynch has taken positive actions to ensure its clients are fully equipped to make the most of SEPA.”
Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 57 million consumer and small business relationships with approximately 5,700 retail banking offices and approximately 17,250 ATMs and award-winning online banking with 30 million active users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
Bank of America Merrill Lynch is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated, which is a registered broker-dealer and member of FINRA and SIPC, and, in other jurisdictions, a locally registered entity. Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured * May Lose Value * Are Not Bank Guaranteed.
Copyright 2012 Bank of America Corporation. All rights reserved. Bank of America, Merrill Lynch, Broadcort and their logos are trademarks of Bank of America Corporation and/or its affiliates.
For more Bank of America news, visit the Bank of America newsroom.
www.bankofamerica.com
Sentenial
Sentenial is a specialist provider of SEPA solutions for banks and corporates across Europe, currently working with a number of strategic partners to deliver an exceptional SEPA Direct Debit solution. With recognised expertise and a comprehensive SEPA offering, Sentenial is the trusted choice of leading European banks and corporate customers. Sentenial’s award-winning solutions remove the complexity of the new Direct Debit Schemes - making SEPA simple. For more information, visit www.sentenial.com.
Reporters May Contact:
Elizabeth Wood, Bank of America Merrill Lynch, +44 (0)20 7995 7731
elizabeth.wood ( @ ) baml dot com
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