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Sentenial announces significant investment program with plans for up to 70 new jobs at its official office opening by the Tánaiste
article added on Dec 09 2008

On Friday 5th Dec, Sentenial announced a significant investment program for the company with plans for up to 70 new jobs. The day also marked the official launch day for the company where The Tánaiste and Minister for Enterprise, Trade and Employment, Mary Coughlan, T.D, formally opened the Sentenial offices in the Maynooth Business Campus, Co. Kildare.

At the event, Sentenial announced details of a major €15 million investment plan for the company to span over the next two years, which includes overseas expansion, a major recruitment drive as well as significant R&D investment. The company is currently recruiting a range of experienced professionals such as Software Developers, QA & Software Engineers, Project Managers, Business Analysts as well as Product & Implementation Consultants. Sentenial’s CEO Sean Fitzgerald, as well as Chairman Mr. Kevin Lomax, welcomed The Tánaiste, as well as members of Enterprise Ireland, the Kildare Enterprise Board and local TD’s to the company offices to mark the important milestone for the company.

Speaking at the official opening, the Tánaiste congratulated Sentenial on their continued growth and success. “This is a company that has grown year on year since its establishment in 2004. With support from Government through Enterprise Ireland, Sentenial has increased its market share and doubled employment every year for the past three years. They have followed an aggressive international growth strategy and their success confirms Sentenial as a technology pace-setter in the area of direct debit and payment solutions.
This is an example of an indigenous, expanding, export-driven Irish software company employing highly skilled people, and I wish them continued success”, she said.

Commenting on the company’s plans Sean Fitzgerald, CEO, Sentenial Limited, said:
“Today’s event marks the continued success of Sentenial as a leading supplier of payment systems to Tier 1 banks across Europe. The company has had particular success recently winning multi million Euro contracts with some of Europe’s largest Banks, and has a significant ongoing investment program in place to support continued growth. Sentenial is currently on a recruitment drive to expand further, and we are actively recruiting developers, project managers, business analysts and product consultants. With our success to date in international markets, our sales pipeline and product development plans, we are well positioned to capitalize on increasing global demand for our products and services and to further increase our market share”.

EuroDebit from Sentenial scoops ‘Best Payment Product’ Award at the prestigious Banking Technology Awards Ceremony
article added on Nov 17 2008

Sentenial’s flagship product, EuroDebit, was awarded ‘Best Payment Product’ under the Readers Choice Category of the prestigious Banking Technology Awards, which took place on Thursday 6th Nov at the Grosvenor House Hotel, Park Lane in London.

The Banking Technology's Readers' Choice Awards, which were introduced for the first time last year, are voted for by the magazine's international readers, who are asked to name their choice of vendors and products in a range of categories spanning all parts of the financial services spectrum.

EuroDebit from Sentenial, described as the complete SEPA direct debit processing software application, is currently being implemented for SEPA by 2 of the largest Banks in Europe. Seen as the low risk, best practice choice for SEPA Direct Debits, EuroDebit is proven in the marketplace, end to end and scalable, addressing the current practical requirements of SEPA Direct Debits, while also extending itself to offer optional service layers for a truly efficient and adaptable strategic SEPA solution.

Sentenial Ltd which has offices in the UK & Ireland is fast becoming recognised as one of the leading providers of SEPA Direct Debits in the industry. With clients ranging from SMEs to large global banks, Sentenial has built a reputation for best in class solutions, accurate and efficient delivery and excellent customer service.

The 2008 Awards Ceremony, which took place on Thursday 6 November, was attended by an array of Banks & Financial Institutions from across Europe as well as a selection of the industry’s leading technology providers.

Click here for further information & details on the 2008 Banking Technology Awards

Direct Debits get SEPA moving forward
article added on Oct 23 2008

"B.I.S.S. Research has been monitoring Sentenial for the past three years and has witnessed close hand, the growth of confidence within the firm about its product and how this is now being realised in the market. During the last three years Sentenial has remained entirely consistent in its marketing message and almost manic in its system development, to produce SEPA direct debit solutions way ahead of the market", Gary Wright, BISS Research.

Click on the following link to access this article in full.
Direct Debits get SEPA moving forward

ABN Amro Selects Sentenial’s EuroDebit for its SEPA Direct Debit Management Solution
article added on Sep 01 2008

Sentenial announces ABN Amro Bank as the latest addition to its growing customer list. ABN Amro Bank selected Sentenial to deliver a fully SEPA compliant solution for the bank’s pan European Direct Debit processing requirements.

The Sentenial EuroDebit solution will be fully integrated to the bank’s core payments architecture to enable the bank meet mandated SEPA rule book requirements.

ABN Amro, one of the largest financial services groups in the world, recognises Sentenial’s flagship product, EuroDebit, as a key element in processing direct debit payments in a manner which facilitates smooth integration with multiple back office banking systems. Using EuroDebit, ABN Amro Bank will have the ability to rationalise a number of legacy and in-house Direct Debit systems and ensure the group’s scheme rule compliance while achieving high STP levels and exception automation. A major factor in the selection of the Sentenial solution was its multi-scheme, multi-bank, mulit-currency capabilities which provide ABN Amro Bank with a long term solution, future proofed against ongoing scheme changes, including SEPA. In addition to SEPA compliance, the EuroDebit solution will provide ABN with a proven Mandate Management platform to ensure the smooth and efficient processing of mandates under the new scheme rules.

Commenting, Sean Fitzgerald, CEO of Sentenial, said: “Sentenial is delighted to add ABN Amro Bank to its growing list of customer institutions in the Banking Sector. The bank, like Sentenial itself, is very much a thought leader in the SEPA area and this is the beginning of a relationship of significant mutual benefit in terms of sharing of ideas. ABN Amro, as an organization, shares Sentenial’s opinion that SEPA is, first and foremost, an open market, with all of the new opportunities that a new open market brings. SEPA does, of course, bring new compliance obligations to the bank. Sentenial will ensure that ABN Amro Bank meets all of its compliance obligations, while taking full advantage of the new commercial avenues which SEPA opens”

The Banking Technology Readers' Choice Awards
article added on Jul 30 2008

Last year Sentenial's direct debit product, EuroDebit, was "highly recommended" in the "Best Payment product" category of the Banking Technology Readers' Choice Awards. Reader's votes placed Sentenial's EuroDebit product on a shortlist of 3.

This year we hope to achieve the same level of recommendation and are looking for your support.

If you would like to nominate Sentenial for a prestigious Banking Technology Readers' Choice Award, please click on the following link and follow the simple steps.

Banking Technology Readers' Choice Award - Vote Here!

SEPA Compliance - The Tip of the Iceberg
article added on Jul 30 2008

Download Senteial's latest article release, SEPA Compliance - The Tip of the IceBerg.

"Some Banks may be viewing their SEPA Direct Debit Compliance project as a ‘tick in the box’ exercise. Taking such an approach means that the timeframes, activities and perceived challenges involved becomes viewed as a straightforward compliance exercise. However, beneath the surface lies a larger and more fundamental challenge in determining the most effective means of fulfilling compliance and operational obligations, while at the same time, remaining competitive, harnessing profit and, at a minimum, protecting existing market share. Indeed, maintaining the banks operational efficiencies and ensuring that the ‘hard won’ business to date is not lost in the process is a challenge in itself."

Click here to download a copy

Meet Sentenial at SIBOS 2008
article added on Jul 11 2008

Sibos is the financial services industry’s premier event and attracts the industry’s leading figures and companies. Networking and doing business are at the top of the agenda with the presence of so many senior representatives from leading institutions worldwide means that dialogue about the future of the industry is lively and thought-provoking.

Sentenial will be exhibiting at SIBOS over the 5 days and welcomes the opportunity to meet with you there.

You will find us at Exhibition Stand No B201 in Hall B.

Our Management team are industry specialists and have expert knowledge in the area of SEPA DD’s. Please click the following link to register for an opportunity to discuss your SEPA Direct Debit issues with one of our Senior Managers.

Please click here to Request a Meeting with Sentenial at SIBOS Mon 15th - Fri 19th Sept 2008

ACI Worldwide and Sentenial Deliver Complete Processing and Management Solution for SEPA Direct Debits
article added on Apr 22 2008

ACI Worldwide, Inc. (Nasdaq: ACIW), a leading international provider of software for electronic payment systems, today announced that has entered into a marketing relationship with Sentenial, a leading provider of Direct Debit processing services and solutions, to deliver an end-to-end processing and management solution for SEPA Direct Debits.

Sentenial’s EuroDebit solution combined with ACI Money Transfer System™,offers a fully-functional solution enabling banks to respond efficiently to the business impacts of the SEPA Direct Debit regulation while minimizing the impact to payment processing.

Benchmark testing conducted in conjunction with a major European payments processing bank has proven Money Transfer System readiness to process SEPA Direct Debits. The EuroDebit mandate management enables an efficient and agile response to the business impacts of the SEPA Direct Debit regulation.

Paul Styles, business solutions manager at ACI Worldwide (EMEA), said: “Processing SEPA Direct Debits is the next big challenge for European banks, and one that will exceed the work required to get ready to process SEPA credit transfers. By recommending Sentenial to our clients, and ensuring our products work together easily and efficiently, banks will be able to process Direct Debits quickly whilst ensuring all transactions are compliant with SEPA.”

Damien Molloy, Director of Marketing and Alliances at Sentenial said: “Banks have begun to realise the end-to-end challenges and complexities of providing SEPA Direct Debits to their customers. EuroDebit and Money Transfer System will deliver significant value to banks who seek cost effective compliance with SEPA in the longer term, streamlined Direct Debit processing, and continuity of service delivery to their customers. Banks need be confident that their solutions will meet the full scope of “technical” SEPA compliance, but also address the banks increasingly clear “business” requirements; this combined solution comfortably handles both.”

ACI’s Money Transfer System offers a single engine for payments processing and settlement, and will continue to do so in the SEPA environment. The solution also provides comprehensive monitoring capabilities enabling banks to track individual payments and monitor overall payments activity.

EuroDebit comprehensively addresses mandate-management, operational compliance, and service delivery to customers. It also offers advanced multi-scheme and multi-bank capabilities, enabling banks to grow in the future.

For more information on this Partnership, please download the attached FactSheet.

ACI & Sentenial Partnership - FactSheet

Kevin Lomax joins Sentenial as Executive Chairman
article added on Jan 30 2008

Former Misys chief Kevin Lomax has joined Sentenial, a provider of Sepa-compliant direct debit processing services, as executive chairman.
Click below to read more

Banking Technology Awards
article added on Jan 31 2008

Sentenial's direct debit product is "highly recommended"in the "Best Payment product" category of the Banking Technology Reader's Choice Awards. Reader's votes placed Sentenial's product on a shortlist of 3.
The European Banking Technology Awards - Readers Choice