The fintech company valantic develops software for payment, investment banking, and transaction management and supports all relevant SWIFT and ISO 20022 standards in the pain, pacs and camt format, including required variants. With the customised solution based on valantic’s Real Time Payment Engine (RTPE), Erste Bank Hungary can provide a modular structured payment hub solution, according to the official press release.
The development is based on regulations of the Central Bank of Hungary (MNB) which aim to promote the electronic processing of transactions.
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