Dovetail Systems details the targets, ambitions and headaches awaiting banks as they prepare for the introduction of a Single European Payments Area (Sepa).
Sepa will standardise the payment instruments managed by financial institutions so that they are common across the Eurozone, and treated as domestic transactions.
This is a huge project, and a major banking reform for 12 countries, which comes with an estimated $10 billion price tag.
In this paper, Dovetail's Peter Miller explores the challenges, opportunities and pitfalls awaiting banks and clearing schemes as they prepare for the upheavals.
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