Garanti BBVA Romania has gone live with Bucharest-based Allevo’s FinTP-Instant payments solution, establishing a direct connection to Sistemul Electronic de Transfer Național (SENT), the country’s national Automated Clearing House (ACH) for instant payments.
By gaining access to SENT, owned and operated by Transfond, the bank can now offer instant payment services to its customers across retail transactions, direct debits, debit instruments, and credit transfers.
FinTP-Instant is part of Allevo’s broader open source application, FinTP, which facilitates straight-through processing and message routing between financial institutions.
In addition to connecting to Transfond, FinTP can also integrate internal banking systems with platforms such as Swift and the Eurosystem, while offering supplementary tools for validation, reconciliation, and compliance reporting.
Garanti BBVA Romania operates as the regional subsidiary of Turkish bank Garanti BBVA.
Featured image credit: edited from freepik
