CACEIS streamlines payments with FIS platform

By Robin Amlot

Financial technology provider FIS has signed a long-term agreement with CACEIS, jointly owned by Credit Agricole and Santander, to provide the asset servicing firm with an enhanced payment hub to industrialise payment operations, reduce processing costs and provide a smooth payment experience. With custodial assets of EUR 3.9 trillion, CACEIS is a provider of execution, clearing, securities lending, custody and fund services to asset managers and institutional and corporate clients worldwide. The firm was looking for a best-in-class platform to standardise its cross-border payments, while complying with ISO 20022 and other emerging payments standards.

CACEIS selected the FIS Open Payment Framework (OPF), a real-time payments platform that supports ISO 20022 payments standards. In addition to ISO 20022, the platform will support SEPA Credit Transfer, Direct Debit and Instant Payments as well as SWIFT gpi and High-Value payments standards for CACEIS.

“It’s very important to CACEIS not only that we stay ahead of evolving regulatory requirements, but that we provide our clients with a modern, streamlined payment experience,” said Fabien Azavant, Chief Information Officer at CACEIS. “A single platform from FIS will enable us to do that in all our entities,  while also streamlining costs and enhancing visibility of our international payments.”

“CACEIS joins a growing roster of organizations that are taking advantage of the advanced functionality of the FIS Open Payment Framework,” said Sandeep Gill, senior vice president, Banking Solutions and International Markets at FIS. “We look forward to working with this market leader to realize the benefits of deploying our payments platform.”

FIS is a provider of technology solutions for merchants, banks and capital markets firms globally. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of Standard & Poor’s 500® Index. The firm has more than 55,000 employees.