Planned — subject to authorisation and implementation

SEPA payments

Planned euro credit transfers across the SEPA area for collections and payouts.

Category

Payments

Availability

Planned

Delivery

Fintech Meta and/or partner

Required controls

  • Beneficiary and payment-detail validation
  • Sanctions screening before execution
  • Settlement-to-ledger reconciliation

Dependencies

  • Dedicated and virtual IBANs
  • Sanctions, PEP and adverse-media screening

Purpose

SEPA payments provide standard euro credit transfers across the single euro payments area, forming the backbone of euro collections and payouts.

Planned capability

Initiation and receipt of SEPA credit transfers with validation, screening and reconciliation.

Primary users

Business customers moving euro; finance and operations teams.

Required controls

Beneficiary and payment-detail validation, sanctions screening before execution and settlement-to-ledger reconciliation.

Dependencies

Depends on IBAN infrastructure and screening components.

Delivery model

Expected delivery: Fintech Meta infrastructure and/or an approved specialist partner, with Fintech Meta retaining the oversight required by the final operating model.

Audit evidence

Payment records, screening results and reconciliation logs retained for audit.

Regulatory considerations

Available only once the relevant payment authorisation is obtained.

Availability

Planned — subject to authorisation and implementation.