Commercial bank, Anadolubank Nederland N.V. is improving its compliance with EU Instant Payments regulation following a new partnership with payment services provider, Worldline.
The new partnership will see Worldline provide Anadolubank with its cloud-based instant payments solution for five years, accelerating digital transformation while remaining compliant. Users will now be able to send and receive instant payments.
Sheri Brandon, head of new business, financial services at Worldline: “We are excited to welcome Anadolubank Nederland N.V. This partnership shows our commitment to providing mid-size banks with innovative, efficient, and scalable payment solutions. By leveraging our comprehensive suite of services, Anadolubank Nederland N.V will be able to seamlessly and timely comply with the European Union’s Instant Payments regulation.”
In addition to instant payments processing, the bank also contracted Worldline’s value-added services for customer sanction screening and stand-in funds checks. The comprehensive features of Worldline’s offering will allow Anadolubank Nederland N.V to offer secure, reliable, real-time fund transfers for its customers.
Meeting banks’ needs
Worldline’s cloud-based instant payments solution is designed to meet the unique needs of mid-size banks. It provides a comprehensive suite of services that ensure compliance, efficiency, scalability and a fast time-to-market. Key features of this solution include:
- Processing in the cloud enables clients to handle instant payment transactions with ease while ensuring timely compliance with the SEPA Credit Transfer Instant (SCT Inst) scheme.
- Quicker onboarding simplifies integration and deployment processes, reducing time-to-market.
- API connectivity streamlines integration and minimises effort, maximising efficiency for banks.
- Sandbox environment provides a safe testing space for clients to better adopt and adapt to the new solution.
- Stand-in funds check ensures the bank is operational 24 hours a day, seven days a week, 365 days a year, offering continuous service availability.
Tolga Koc, director at Anadolubank Nederland N.V. added: “Partnering with Worldline is a significant step in our digital transformation journey. This collaboration allows us to meet regulatory requirements of Instant Payments. It also enables us to offer real-time, secure, and reliable payment services to our customers. We are excited about the enhanced capabilities and operational efficiencies that this solution brings to Anadolubank Nederland N.V.”
