Head office: 23c Calea Vitan, 3rd Floor, Bucharest 3, 031281, Romania Tel: + 40 21 255 4579 Email:
sales@allevo.ro Other offices: 23 Coltei Street, 8th Floor, Bucharest 3, 030245, Romania Website:
www.allevo.ro Twitter: @A11evo Contacts: Corina Cornea, marketing manager:
corina.cornea@
allevo.ro Founded: 1998 Ownership: Private Number of staff: 56 Categories: Message routing
Product suite
The company’s payments system was developed from scratch and followed the development of an electronic payments system for banks in Romania. The first versions were for IBM’s AS/400/ iSeries and AIX Unix. It is written in C++ and today supports a range of platforms and uses Oracle for the database. It is essentially a message routing solution, providing integration
technical between business applications,
handling data conversion, duplicate message detection and investigation. It includes support for direct debits, formatting, routing and transport of Swift MT and MX messages, and filtering for anti-money laundering. The system supports SEPA Credit Transfers and SEPA Direct Debits, with this capability used by some banks in Romania. The first bank to go live with this, in 2009, was CEC Bank. The platform was also was accredited by Swift for its Workers’ Remittances scheme but gained no takers for this, with Swift’s initiative largely failing to take off. The company also has a nostro reconciliation component, ReconS (added in 2005); a process management solution, Esfera; and an exceptions and investigations solution. To try to aid its expansion plans, BIS/Allevo launched
a Software as a Service (SaaS) solution for small financial institutions and corporates, dubbed PAYaaS, with a number of proof of concept studies under way in the second half of 2010. PAYaaS did not take off but its time might come with the open source plans. The rebrand to Allevo was announced in March 2011.
The main reason cited was confusion with the Bank for International Settlements. By mid-2011, Allevo was talking about providing adaptors
from within its payments solution on an open source basis. This was at the analysis stage but a lot more detail was
54
provided in 2012. Basically, by this time, the supplier had started to plan to move qPayIntegrator onto a full open source model. To a large degree, the incentive was to try to move beyond Romania, something that continued to thwart it. It was hoping that this would change with a shift to a collaborative basis for development and delivery, with its own focus turning to services, consulting and adding value around the core messaging engine. From initial informal approaches to banks, including its customers, the reaction had been positive, said account manager, Alina Enache, in late 2012. However, she admitted that there was some way to go before the market was convinced about the open source route. There would be no licence fee for taking the core platform. Third party companies and banks with sufficient IT resources would be able to carry out and share developments. For instance, she said, if a bank built a new report, it could put this into the community, potentially charging for the development. In this, Allevo’s plans had some similarities with the appstore-type models being introduced by US vendors, Open Solutions (now Fiserv), Intuit and Jack Henry & Associates. However, these companies were not going as far as Allevo in terms of opening up their entire platforms.
Allevo was seeking an independent, trusted third party
to provide the governance around the open source offering. There had been some early discussions, including with Swift and the Romanian clearing house, Casa Romana de Compensatie (CRC). The partner would provide the security, set the rules and legal framework, and manage testing. Finding a safe environment with strong security would be key to gaining market acceptance, said Enache. In fact, this search proved unsuccessful so Allevo started to set up its own association to handle governance during 2013. Allevo hoped everything would be in place by 2016, after
Payment Systems & Suppliers Report |
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company details
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