Cecabank Annual Report 2014

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Cecabank provides services relating
to customer-not-present channels
to financial institutions, collective
investment managers and insurers.
It also offers business intelligence
by processing operational data
to obtain scorecards and reports
on various business areas. The
aim of all these services is to
achieve economies of scale and
scope enabling institutions to
distribute products and services
via remote channels as efficiently
as possible, allowing them to
remain at the cutting edge of
technology development and
ensuring they have the tools they
need to facilitate management and
business growth.
Activity during the year
The e-banking area this year
saw the integration of the
Banco Finantia Portugal service,
constituting the first extension
of Cecabank’s e-banking into the
international market.
Development of the connection
with the general entry point
for electronic invoices from
general government (FACe) has
been undertaken.
In order to make it easier for
entities to transition to the Single
Euro Payments Area (SEPA), a
clearing house was developed
serving the firm Servipagos, S.A.
enabling extended descriptive text
on debits. This has been adopted
by Caixabank, Catalunya Banc,
BMN, Liberbank, Banco CEISS
and Ibercaja (website: web www.
ealia.es ). It has been contracted
by Iberpay for its own debit
description exchange with a view
to offering a service to the whole
financial system.
A new version of the application
was implemented in 2014, used
by “pulso” service customers,
which includes new information
measurement criteria,
improvements in usability, and
the option of a blind benchmark of
data aggregated across the banks
using the service.
The functional specifications for
digital payments have been fleshed
out, including payments to issuers,
online purchasing and direct peer-
to-peer payments.
José Jesús Salvador Casas
Head of Interactive Services
Regulatory changes in the payments area have
represented a major challenge for the financial sector.
Cecabank has contributed solutions for banks, as both debit
issuers and debtors, to help them comply with the regulatory
requirements by establishing a global direct debits payments
solution for the Spanish financial sector. Cecabank is
promoting a “brand” in digital payments among its associate
banks that will make more widespread digital payments
between individuals and merchants possible.
Banking Services
Business intelligence and new channels
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