Bankart and Nets A/S have signed an agreement where Nets will deploy and operate an instant payments solution for Bankart using the RealTime24/7 payments solution from Nets. Bankart will provide the Slovenian banks with a new state-of-the-art payments central infrastructure to handle both SEPA Credit Transfers (SCT) non-urgent and SCT instant credit transfers.
Bankart, a leading provider of services to financial institutions in Slovenia, intends to deliver more than a basic payments infrastructure to the Slovenian banking community by developing and operating new additional services and solutions as well as utilizing Bankart’s existing services and solutions to make full use of the scalable and open central infrastructure solution supplied by Nets.
“Our ambition is to lay a future proof foundation for a whole new eco-system that will ensure new innovative services can be deployed by our customer banks, and ensure that the Slovenian community will have services which are both competitive and cost effective and at the same time enables the best user experience both in day to day banking and commerce.” says Aleksander Kurtevski, Managing Director, Bankart. “We have partnered up with Nets because we together can deliver on scalable, resilient and robust services and at the same time ensuring a high degree of flexibility. Nets has not only proven they have a leading, proven solution but also that they are a highly skilled and professional partner.”
Nets is a major European player, providing financial institutions, merchants and clearing settlement mechanisms (CSMs) with card services, account payment services and merchant payment solutions.
“We are honoured to be an integral part of Bankart’s new eco-system and we are very excited to work with a customer with strong focus on bringing new innovative services to market” comments Paul Francis Walvik-Joynt, Vice President at Nets’ Clearing Services division. “The experiences from our current deployments have given us an excellent product in RealTime24/7 with an open API architecture permitting easy customer delivery of services in a trusted environment to benefit the users. We will bring this and much more into the partnership that we now establish with Bankart”.
StigKorsgaard, Chief Sales Officer at Nets’ Clearing Services division adds, “This agreement marks another important milestone in Nets’ business expansion strategy and a first example of how a modern instant payments platform can be deployed for both instant payments and non-urgent payments forming a single processing engine serving the full value chain for all types of account-to-account payments and other related financial information including support for PSD2. Bankart and the Slovenian Banks have proven very forward-looking in their strategy to establish a modern and future-proof payments infrastructure”.
The new system is planned to go-live in September 2018 and will be operated from Nets’ data centres in Norway.