alseda VOP – Verification of Payee

Silvana Linhart

Product Manager

FACT SHEET

More information about the alseda VOP – SAP S/4HANA & PE solution.

alseda offers various solutions for banks to realise the ‘SEPA Verification of Payee’. The solutions depend on whether the bank generally uses SAP (e.g. in FI), whether the bank uses SAP Banking directly or whether the bank does not use SAP. The solution can be used via a public cloud, a private cloud or on premise.

1) Features of the solution

for SEPA SCT transfers and SEPA SCT Inst. (real-time transfers)
Can be used on SAP S/4HANA and SAP ECC
for requests to external and (bank) internal accounts
for individual and collective (bulk) payments
DORA compliant
DSGVO-compliant processing

2) Architecture

Use of artificial intelligence (AI) for name matching
Fiori cockpit for monitoring the processes
Connection to EPC Directory Service (EDS)
Audit-proof logging of the entire process (processing history)
Different, process-dependent decision-making procedures
Decisions depending on the type of account holder (natural person, organisation, group)
EPC-compliant preparation and comparison of names
Configurable application by means of parameterisation (customising)
Use of trade names and alias names for matching
Consideration of blocks, active/inactive indicators in the account-managing system
7×24 hours availability
Performance-optimised processing for extreme speed, even when processing large volumes
Open interfaces (according to OpenAPI) for connecting non-SAP applications as well

Functions

Out-of-the-box connection to the SAP account management systems SAP Deposits Management (DM), SAP Diposits (BCA), SAP Loans Management (CML) and SAP Financial Accounting (FI)
Automatic determination of the account from the SAP account management systems and automatic determination of the assigned SAP business partner(s)
Use of name combinations and trading names (alias names) for optimised name matching
Use of standard SAP functions (e.g. for logging)
User cockpit for administering functions, reporting and analysing processed transactions (incl. history)
Character conversion and removal of titles, legal forms and special characters in accordance with EPC guidelines
Fully automatic processing of external requests (passive VOP) and own requests (active VOP)
Automatic reading of the EPC Directory Service (EDS) to determine the RVM or the recipient bank directly