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Services for Financial Institutions

Sentenial started life providing payment services to businesses however in 2008, the scope was extended to cover services specifically designed to meet the needs of various forms of Financial Institutions.

Origix provides a Software as a Service based white labelled payments platform that addresses the payment needs of Financial Institutions, Corporate and SME clients.

The Origix platform delivering these services is also used for the Corporate focused services thus giving comfort in terms of scalability, reliability, availability and security of the services.

SEPA Clearing and Settlement

Meeting the needs raised by the introduction of Single Euro Payments Area, Sentenial extended its capability to cover the needs of a bank to link with their chosen clearing and settlement mechanism. Support is provided for both directly and indirectly connected organisations.

Real Time Payments

Real-time payments are becoming the norm. Meeting this need a services has been developed to support the initiation and receipt of SEPA Inst transactions. A direct connection to the RT1 infrastructure has been implemented to underpin the service. This service is available to any suitably licenced Financial Institution that wishes to offer euro denominated real-time payments to their customers.

Services using the UK Faster Payments scheme are available under the Nuapay branding

Open Banking

Financial Institutions of all types are subject to both regulatory and marketing pressure to introduce Open Banking functionality. To meet these demands Sentenial has developed services based on a common set of Application Programming Interfaces to support both AIS and PIS activity.

The common API suite shields or avoids the user from the need to route t

Financial Institutions of all types are subject to both regulatory and marketing pressure to introduce Open Banking functionality. To meet these demands Sentenial has developed services based on a common set of APIs to support both Payment Initiation Services and Account Information Service activity.

Common Interface

Regulated bodies acting as Payment Initiation Service Providers or Account Information Service Provider need to manage the connection, security procedures and interface definition of the target Account Servicing Payment Service Provider as there is no European level standardisation of these.

Sentenial has developed an API suite that shields the TPP from these variabilities giving a common interface irrespective of the specific ASPSP.

White Label

Sentenial is itself licenced to provide AIS and PIS services with the platform able to operate either under the Sentenial licence or the licence of the user. Full support for white labelled operation are available.

Value add services

Open Banking itself does not deliver all of the functionality required for a fully operation service, particularly with the payment options. For example there is no way to refund a processed payment or to easily establish if a confirmed payment has failed. Building on the money handling functionality provided under the Nuapay brand, Sentenial has developed an extended range of services that provide a fully featured, easy to implement solution that delivers a truly disruptive, totally secure and low cost option for making payments.

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