GEVA Business Solutions welcomes its new employee Martina Söder to the consulting team.
Martina Söder has been an expert in the field of payment transactions for many years and is an ideal addition to our company. Her expertise in foreign payment transactions and SEPA payment transactions will be particularly enriching for the customer projects.
Her main areas of activity include consulting, implementation as well as reviewing and developing business requirements.
With Martina, we have gained another competent contact for questions in all areas of payment transactions and are looking forward to a good cooperation!
Your GEVA Team
GEVA Business Solutions GmbH enters into a strategic cooperation agreement with IBM Germany. GEVA will offer its customers the operation of the GEVA-ZV payment platform in the IBM Banking Cloud.[...]
An important advantage of this cooperation is the fulfilment of the special regulatory requirements for banks through the use of the IBM Cloud. The requirements of MaRisk (Minimum Requirements for Risk Management of BaFin) and EBA (European Banking Authority) are fulfilled. In the "IBM Cloud Addendum for Financial Services Sector", the requirements from the BaFin specifications are mapped within the framework of T&Cs. All common certifications such as ISAE 3402, ISO 27001 and ISO 27017 (Cloud Security) are available.
We are already working intensively on the implementation of customer requirements. The systems being used are designed for high availability. The migration, including the Oracle databases, is on the final strait.
GEVA's first customers are expected to go live with the GEVA application in the IBM datacentre in the third quarter.
With the professional cloud provider IBM, we now have the opportunity to offer our customers two reliable operating options. On the one hand, we develop and supply software for the customer's own operation, on the other hand, we now have the option of operating GEVA/IBM Cloud, which certainly offers further advantages for the customer in addition to cost efficiency.
To the press release : www.ibm.com
Our specialists will be pleased to provide you with further information on this cooperation!
Ihr GEVA Team
Due to the current situation within the consolidation project TARGET2/TARGET2-Securities of the European banking community, GEVA will assist this important banking project over the entire duration in the context of information events.
In addition to competent specialist information, the focus of this first event will be on the exchange of best practice.
The event will take place on the premises of Deutsche Hypothekenbank in Hannover.
In the agenda below you will find an overview of the topics and the time schedule:
Your GEVA Team
The PSD 2, Payment Service Directive, is the revision of the first Payment Services Directive. Launched with the aim of making online payment processes more convenient, cheaper and more secure, the implementation of the directive will entail major challenges for banks. [...]
In addition to infrastructural investments, procedural adjustments are of course also necessary. From the point of view of the legislators, it is also a matter of promoting competition in payment transactions and bringing about a certain degree of standardisation. Third party providers are now in a position to offer their customers attractive solutions and services in the areas of account information and payment initiation via published regulated bank access. But banks will also be able to benefit from the advantages of PSD2.
Since security comes first, there are two factors to consider for end customers:
1. Strong customer authentication
A major change for bank customers is strong authentication. This is about the electronic identification of the customer. From 14.09.2019 two or more factors of the category's knowledge, possession and biometrics will be combined to achieve the required strong authentication. In the future, a password will no longer be sufficient for authentication.
2. Blocking unwanted third-party providers
Bank customers may instruct their bank to block certain third-party providers already authorised.
The European Banking Authority (EBA) has published supplementary information on standards and security in the form of technical standards. They are technology and hygiene neutral to enable innovation.
Market developments remain exciting, especially the issue of strong customer authentication and its impact on the end customer.
For more information on PSD2 please contact our Sales Departement!
Your GEVA Team
This year's summer event of GEVA Business Solutions took place at the "Boots-House" at the Alsdorfer Weiher.
The weather could not have been better to enjoy the sun with a total of four boats with a ten-person capacity on the water of the Alsdorf pond. An extensive on-board barbeque and fresh drinks provided for the well-being of our colleagues. After initial manoeuvring difficulties of some helmsmen - which resulted in circular movements - the captains of the boats quickly got the hang of it and were able to ensure a relaxed onward journey.
Afterwards it was finally time to drop the anchor and the party shifted from water to solid ground at the beautiful beach bar of the boat house, which was decorated with sand and surfboards for a holiday feeling.
Your GEVA Team
For the first time this year, GEVA Business Solutions is a cooperation partner of Aachen University of Applied Sciences and thus offers young and talented people the opportunity to complete a dual course of study in business administration (B.Sc.) in the field of economics.
The course begins in the winter and summer semesters and is divided into two phases. During the study phase, students are taught theoretical content in the form of face-to-face courses. In the practical phases, the content learned is tested in the company. Students thus combine theory with practical work experience from the outset.
We are looking forward to an exciting time as a continuing education partner of Aachen University of Applied Sciences.
Further information can be found on the homepage of the Aachen University of Applied Sciences under the heading "Dual Study Programmes".
Your GEVA Team
The European Payments Council (EPC) developed the SEPA Instant Credit Transfer (SCT Inst) Scheme for the settlement of instant payments in TIPS. TIPS stands for TARGET Instant Payment Settlement and offers 24/7/365 availability with a total process run in the interbank settlement of a maximum of 10 seconds and a provisional maximum transaction amount of 15,000 euros.[...]
Upon receipt of a SCT Inst message in TIPS, the transfer amount is reserved on the TIPS account of the submitting participant and the message is forwarded to the receiving payment service provider. As soon as the payee's payment service provider receives a booking confirmation from TIPS, it can finally make the transfer amount available to the payee.
TIPS is single transaction based and is settled in the form of central bank money directly on the TIPS Dedicated Cash Account (TIPS-DCA). The balance on the DCA is automatically credited to the total balance by the central bank and is thus added to the minimum reserve.
Technical access to TIPS is via the European Single Market Infrastructure Gateway (ESMIG). As a Network Service Provider (NSP), banks have access to the services of SWIFT (SWIFT AGI) and SIA/Colt.br>The addressing of TIPS payments is supported by the TIPS directory (directory of all BICs that can be addressed via TIPS). Full interoperability with the EBA RT1 system is not yet complete.
Within the framework of the European consolidation and migration project T2/T2S, the connection to TIPS has been taken into account. It is the first infrastructure that already uses the architecture based on NSP and ESMIG.
For further information about TIPS please contact our Sales Department!
Ihr GEVA Team
GEVA has always been committed to the topic of security. We have brought you the following information from an event that focused on cybersecurity and refer you to these initiatives.[...]
Digitalization, new payment options such as mobile payments and cashless payment offer new targets not only at the national level, but also at the European and international levels of the financial sector.
Data processing is becoming more and more complex and attacks are becoming more and more professional. Technical and organisational security gaps must be closed in a targeted and effective manner.
For this reason, the Threat Intelligence Based Ethical Red-Teaming (TIBER-EU) framework was adopted by the ECB in May 2018 and made available for voluntary participation by companies in the financial sector.
The aim of this framework is to use controlled cyber-attacks, the so-called red team penetration tests, with real attack tactics and techniques to check the security of existing systems and the reaction capabilities of managers and employees, and to strengthen and secure them in the long term.
The Red Team test procedure of the TIBER-EU Framework consists of an optional phase and three mandatory phases:
Generic Threat Landscape Phase 
The GTL will link these threat actors and the TTPs to the specific entities within the sector, and can be used as a basis for later attack scenario development. The GTL may be validated and reviewed by the relevant national intelligence agency if possible, and updated on an ongoing basis as new threat actors and TTPs emerge and pose a risk to the entity. The GTL phase is optional.
1. Preparation Phase 
During this phase, the following takes place: the engagement for the TIBER-EU test is formally launched; the teams responsible for managing the test are established; the scope of the test is determined, approved and attested to by the entity's board, and validated by the relevant authorities; and the TI and RT providers are procured to carry out the test. The preparation phase is mandatory for each implementation of the TIBER-EU framework.
2. Testing Phase 
During this phase, the procured TI provider prepares a Targeted Threat Intelligence Report (TTI Report) on the entity, setting out threat scenarios for the test and useful information on the entity. Here the TI provider works closely with the RTprovider, and the targeted threat intelligence and reconnaissance phases overlap, with the GTL being used as the basis, if available. The TTI Report will be used by the RT provider to develop attack scenarios and execute an intelligence-led red team test of specified critical live production systems, people and processes that underpin the entity's CFs. The testing phase is a mandatory phase for each implementation of the TIBER-EU framework.
3. Closure Phase 
During this phase, the RT provider drafts a Red Team Test Report, which will include details of the approach taken to the testing and the findings and observations from the test. Where necessary, the report will include advice on areas for improvement in terms of technical controls, policies and procedures, and education and awareness. The main stakeholders will now be aware of the test, and should replay the executed scenarios and discuss the issues uncovered during the test. The entity will take on board the findings, and will agree and finalise a Remediation Plan in close consultation with the supervisor and/or overseer; the process of the test will be reviewed and discussed; and the key findings from the test will be shared with other relevant authorities. Approval to close the test should be obtained from the relevant authorities once a Remediation Plan has been agreed. The closure phase is mandatory for each implementation of the TIBER-EU framework.
Quelle: www.ecb.europa.eu,https://www.ecb.europa.eu/pub/pdf/other/ecb.tiber_eu_framework.en.pdf, on 24.07.2019
For further information about TIBER-EU please contact our Sales Department!
Your GEVA Team
GEVA Business Solutions GmbH is growing and welcomes a new colleague, Mr. Matthias Fauth.
Matthias Fauth will push ahead with the development and professionalisation of the company and will take on the role of Service Manager.
With his many years of experience as Support Manager and Support Team Leader, he brings professionalism and expertise in the field of customer and software support.
Moreover, Mr Fauth is not a new face for GEVA. He has already worked closely with our management team in the past.
We are very much looking forward to the future cooperation with our new colleague and are sure that this step will enable us to further expand our professional service to our customers.
Your GEVA Team
The affiliation of GEVA Business Solutions GmbH to the Paymentgroup International SE has been terminated. The visions and ideas for the development of the group were too different among the shareholders and no longer compatible.
GEVA focuses on its own further development and has already reached important milestones in this context. The aim is to achieve complementary business areas with help of additional personnel.
With full force into the future we will serve our customers with our usual professional solutions and new approaches.
Our colleagues will be pleased to explain further details to you in a personal conversation.
Please contact our Sales Department!
Your GEVA Team
Der SEPA Clearer der Deutschen Bundesbank führt turnusmäßig im November ein neues Release durch. Dieses Jahr fällt die Terminierung auf den 18. November 2019. Hierzu wurden die entsprechenden Referenzdokumente auf der Deutschen Bundesbank Internetseite bereitgestellt.
Die geplanten Änderungen im Überblick: [...]
"In future, claims of non-receipt on a SEPA credit transfer or claims for a value date correction if a SEPA credit transfer is executed late may only be submitted electronically using the new message types camt.027.001.06 (claim of non-receipt) and camt.087.001.05 (claim for value date correction). These claims may only be taken by the originator bank no more than 13 months after the SEPA credit transfer has been debited. The beneficiary bank is required to respond within ten business days. The (positive or negative) response is delivered using the new message type camt.029.001.08(resolution of investigation). If the originator bank does not receive a response to an "SCT inquiry" message within ten business days, it can submit a "request for status update on an SCT inquiry" message (pacs.028.001.01). The procedure has to be at least passively supported by all participants, i.e. they have to accept the pacs.028 message and respond using the camt.029.001.08mes-sage." 
Response to an SCT recall or recall by the originator
"The EPC will harmonise the reasons for a negative response to a "recall of SEPA credit transfer (SCT Recall)" and a negative response to a "request for recall by the originator". To this end, the possible reasons for a negative response to a "request for recall by the originator" will be expanded to include the reason codes LEGL, AC04 and NOOR. In addition, the
Request for status update on a recall
"From November 2018 onwards, if the originator bank does not receive a response to a "request for recall by the originator" within 15 banking business days, it can submit a "request for status update on a request for recall by the originator" (pacs.028.001.01). As of November 2019, the originator bank can also use this message to request a status update on an SCT Recall. Unlike a "request for status update on a request for recall by the originator" -and also a "request for status update on a SCT inquiry" -according to the EPC guidelines, a "request for status update on a recall" can include several individual transactions in a bulk. The pacs.028 message has to be at least passively supported by all participants, i.e. they have to accept the message and respond using the defined XML messages (camt.029 or pacs.004)." 
Return of a SEPA credit transfer
"From November 2019, the EPC will expand the list of permissible reasons for return in the pacs.004 message to include the reason codes CNOR (creditor bank is not registered under this BIC in the CSM) and ERIN (ERI option is not supported)." 
Extended remittance information (ERI) option
"From November 2019, the EPC will expand the SCT scheme to include the option to enter extended remittance information. This will allow users to combine one occurrence of unstructured remittance information (max. 140 characters) with up to 999 occurrences of structured remittance information (max. 280 characters each). Payment service providers that wish to support this option, at least as the beneficiary bank, need to inform the EPC of this. The EPC will maintain and publish a list of participants for the ERI option. The originator bank must verify in each case whether the beneficiary bank sup-ports the ERI option." 
Rejection reason code ED05 "Settlement failed"
"As of November 2019, the EPC will expand the list of permissible reason codes in pacs.002 to include reason code ED05 (settlement failed) in both the SCT and the SDD scheme. This code indicates that interbank settlement has failed at some point in the processing chain. Using the ED05 code helps clearly distinguish these cases from those in which it has not been possible to make a debit booking at the payer's end (e.g. insufficient funds)." 
 Source : www.bundesbank.de, Participation in the RPS SEPA-Clearer, Overview of the planned changes to the RPS SEPA-Clearer 2019, 08.07.2019
Diese Anpassungen im SEPA-Clearer sind verpflichtend zu testen. Ein entsprechendes Testrahmenkonzept wurde am 03. Juni 2019 veröffentlicht. Alle Verfahrensteilnehmer des SCT-, SDD-Core und SDD-B2B-Dienstes müssen die angegebenen Tests erfolgreich absolvieren. Seitens der Deutschen Bundesbank stehen die Systeme bereit. Der Zugriff erfolgt entweder über SWIFTNet FileAct oder EBICS.
Die Testphase ist für den Zeitraum vom 20. September bis zum 31. Oktober 2019 vorgesehen. Die Testanmeldung erfolgt über die Homepage der Deutschen Bundesbank unter der Rubrik Kundentestzentrum.
Zum Testumfang gehören die Entgegennahme der SCT Inquiry (OQF, QVF, DRQ) und die Einreichung von SCT Inquiry (IQF) an den SEPA-Clearer. Ebenso stehen Tests der Schemaänderungen zu camt.029, pacs.004, pacs.028 und pacs.002 bei Ein- und Auslieferung an.
Der Teilnehmer hat seine erfolgreiche Durchführung der Tests per E-Mail an das Testzentrum der Deutschen Bundesbank zu bestätigen. Anschließend erhält der Testteilnehmer eine Bestätigungsmail von der Deutschen Bundesbank.
Weitere Informationen zu den Änderungen im SEPA-Clearer erhalten Sie gerne von unserem Vertrieb!
Ihr GEVA Team
In times of digitization, the e-bill summit, which is already in its fifth edition, was once again a convincing success. The 2-day event program in Bonn gave an insight into the state of development around the topics e-bill and X-bill and the appropriate implementation concepts. Experts from public administration and industry illustrated the milestones for the new digital age in a variety of presentations. [...]
Digital e-bill in Germany for federal government, states, municipalities, trade and industry
Guidelines and timelines for the implementation of processes in digitalised e-bill form for receipt and dispatch are available. With regard to currently used formats and technologies, the challenges for industry and trade, for example, need to be raised to a new level in order to be able to take all those involved on board during the changeover and implementation.
Time spans for effective implementation vary, more than 5 years are partly predicted. Missing driving forces, resources, project responsibility and doubts about the conversion into the digital age of the e-bill are noted.
Principles of the federal e-bill ordinance (06.09.2017)
As of 27.11.2020, the e-bill must be submitted in digital form, as is already the case in other EU member states
The e-bill must be submitted as X-bill, a standard introduced for electronic bills
The federal government's central portal (ZRE) serves as an e-bill submission portal
Milestones in electronic invoicing
- 20.11.2018 Obligation to receive e-bills for the highest federal authorities
- 27.11.2019 Obligation to receive e-bills for the other contracting authorities of the Confederation
- 18.04.2020 Deadline for implementation of the guidelines at a state and local level
- 27.11.2020 Obligation to submit e-bills
The European Union's guidelines for implementation are to be regarded as the responsibility of the individual federal states. Inevitably, the business processes must be adapted. This includes technical implementation, implementation of new formats and development of new transmission paths. An important aspect of the implementation of e-bills and e-files is the general willingness to change.
A central role should be played by users, who make adjustments in regards to upcoming innovations. Suppliers and customers, who will have to work without paper in the future, should address high experience values, such as user-friendliness or efficiency gains through, for example, good filter options and features that enable fast processing of the e-bill. Furthermore, process conversions should not be seen as a sum of additional costs, but rather as an added value and a contribution to saving time and simplification.
You can find further information about e-invoicing at the following link : www.e-rechnungsgipfel.de
Contact our Sales Department!
Your GEVA Team
Every year, EBA Clearing calls for its event, which was held in the Swedish capital Stockholm this year.
Interesting presentations and detailed exhibitor information form a good basis for meaningful business talks. The GEVA representative office used the opportunity to exchange information on current developments with customers and partners.
After two great event days, the most explosive topics and interesting subjects most certainly will remain relevant. Important issues such as instant payments and TARGET consolidation are right at the top of the agenda.
Would you like to be up to date?
Our experts will be happy to explain the latest topics to you and offer you direct solutions!
Contact our Sales Department!
Your GEVA Team
As part of the Deutsche Bundesbank's information series, we participated in various events. The agenda is filled with highly topical issues that are also relevant for GEVA users. You will find the most important contents in the following overview.[...]
Progress of the market infrastructure of the Eurosystem
The regulatory changes to the SEPA clearer and the related adjustments to the rules and regulations in November 2019 are a relevant part of the program.
Another important topic was the consolidation of the existing TARGET2 and TARGET2-Securities systems. The market launch of these systems is scheduled for November 2021 and will lead to significant process adjustments in the Eurosystem.
In the context of this future procedure, the related adaptations of infrastructure components such as TIPS (TARGET Instant Payment Settlement ), Central Liquid Management (CLM), Real Time Cross Settlement (RTGS) and the introduction of ISO 20022-compliant messages were addressed.
You can read our in-depth article "Payment traffic 4.0, the further development of the market infrastructure of the Eurosystem" about this topic.
Political and regulatory aspects of payment traffic
The Eurosystem Collateral Management System (ECMS), which manages the Eurosystem's monetary policy assets, unifies the security measures of the euro area as a whole and enables a drastic improvement in collateral operations.
The development following the introduction of the Payment Service Directive2 (PSD2) was briefly discussed.
Cyber security, in particular the TIBER - EU Framework (Threat Intelligence-based Ethical Red Teaming) and its necessity for companies in the financial sector, is also an exciting topic, which we will discuss in detail in a separate report.
For further information on the Bundesbank event, please contact our Sales Department!
Your GEVA Team
The latest developments of recent years have produced valuable systems and services and established them as today's standard. In the development cycles, the infrastructural perspective has not always been striving to ultimately build everything on one infrastructure. These heterogeneous system infrastructures with different access routes and different formats have long been the focus of consolidation approaches.[...]
Chronologically, the services TARGET2, TARGET2-Securities and TIPS (TARGET Instant Payments Settlement) have developed over different evolutionary cycles. Examples include DTA, ELS (electronic counter), EAF (electronic settlement Frankfurt) and RTGSplus. The "Vision 2020" had already signalled the market participants that a lot of things will change. In order to support the dynamic processes of the changing payment infrastructures, the EURO system has decided to consolidate TARGET2, TARGET2-Securities, Instant Payments (TARGET Instant Payment Settlement - TIPS) and the Eurosystem Collateral Management System (ECMS).
The aim is to increase efficiency by consolidating the technical infrastructure and optimising existing services. This will be accompanied by synergies in the cost sector, which will have a positive impact on market participants.
As part of information events organised by the Deutsche Bundesbank, The EURO System informed all market participants about the expected changes and adjustments to the account management systems.
In summary, the following rough tasks can be identified:
Each credit institution undertakes to set up a general project, in which resources and budget are planned in an appropriate form
Existing processes require adaptation
The technical Y-Copy becomes V-Shape
Selection of a suitable communication partner/ NSP (Network Service Provider), in addition to SWIFT, SIA is already a certified provider
Adaptation of the data formats to ISO20022 require a precise examination of the fields of action
The project status is regularly queried centrally by all market participants. Since the changeover at European level is binding for all banks as of the big bang date, November 22, 2021 is therefore an unavoidable date for all European credit institutions.
Take advantage of our technical and professional expertise to work with you to analyse your internal processes and examine import and export interfaces with regard to possible tasks.
We support you or your team in determining and compiling the necessary data.
Contact our specialists!
Your GEVA Team
GEVA Business Solutions GmbH is strengthening its sales team and therefore we are pleased about our new General Manager Mr. Sadri Syla, who has been responsible for sales since 01 May 2019. [...]
Mr. Sadri Syla has many years of expertise in payment business.
We also welcome new colleagues to our sales team:
Andreas Beckers, who joined us at the beginning of September 2018, has several years of experience in sales management and supports us as International Sales Manager in the acquisition of new customers and the support of existing customers.
Detlev Komnig has many years of experience in the payment transactions sector and was already an employee at GEVA in 1982. We are pleased to have him back for GEVA and welcome him as Sales Manager Banking Solutions. His experience undoubtedly represents great added value for us.
Zahra Schorn has been with us since the end of September 2018 and strengthens our marketing sales division. Her tasks also include specialist activities within the project business, thus providing an interface between sales and projects.
Vitaliy Mogilevskyy has been supporting the internal and external IT support department since the beginning of March 2019. His main tasks are security management, patch management and software and customer support.
We wish our new colleagues a good start, a lot of fun and success with their tasks!
Your GEVA Team
The professional event of Litreca AG took place in Wetzlar on the 9th and 10th of May 2019.
Lectures about the change of the financial management were presented. The event offered an exciting platform for the exchange of professional topics on payment transactions and treasury.
GEVA was part of this event and - with its special expertise in payment transactions - discussed very interesting approaches with many corporates and partners. Especially in the international environment, GEVA's services can be used profitably for companies.
For further information on this topic, please contact our Sales Department!
Your GEVA Team
Right now customers are able to instruct national SEPA transactions by using IBAN exclusively. As of 1 February 2016 IBAN-only can be used for international transactions as well. If a customer presents transaction with IBAN-only, the bank has to provide the corresponding BIC.[...]
IBAN-only for international payment transactions challenges the originating banks. The originating bank is responsible for the BIC-identification when capturing has been made via mobile- or online-banking and as well for customer submissions. This is necessary as the BIC is still mandatory for interbank processing.
If the customer has already recorded a BIC, the bank is not allowed to subscribe the existing one. For a German IBAN, the bank code directory is used to identify the correct BIC. In international payments the SWIFT REF directory (IBAN plus) can be helpful to obtain the BIC.
Necessary directories have to be imported into our internal BIC/NID directory to guarantee processing within GEVA ZV. Another way is to add them manually with help of the static data editor. Our support team is able to provide you with the internal static data. Please note that the SWIFT REF directory is only available if you have a valid SWIFT-agreement.
If you have any further questions, do not hesitate to contact us.
The Bundesbank has already announced the simplified system of notification as adjustment of cheque procedures in its newsletter 34/2015 of 19 June 2015. From 21 November 2016 onwards the national DTA-format will be replaced by ISO 20022 familiar from SEPA:[...]
GEVA provides GEVA SA - a new tool to regulate the image-based cheque collection procedure (ISE procedure). For example: Cost rates can be captured, cheques will be returned and the output is dealt with by the mass electronic payments processing (EMZ). Customizing of GEVA SA is also possible.
Additional components are the following:
- scanner including software
- creation of the image file
- provision of images to be sent via ExtraNet
- matching cheque-image and EMZ clearing within GEVA ZV
Information on the simplified system of notification:
From 21 November 2016, cheque payments will only be permitted to be processed in XML format as a rule. Customer tests are currently planned for 1 July 2016 to 15 October 2016. Further information on this topic will be provided in a related test framework.
For more information visit ...
In June 2015 GEVA participated at several financial conferences about payment transactions and up to date market. Our sales department went to Schwabe, Ley & Greiner in Mannheim, to Deutsche Bundesbank in Frankfurt as well as to Digitalverband BITKOM in Berlin to be part of the discussions concerning the latest topics within our financial sector as well as constantly appearing ones. [...]
Visitors, exhibitors and organizer did not hold back in their excitement about discussions on treasury and payment during the financial symposium in Frankfurt from 10. - 12. June 2015. In addition to technically specific subjects, Schwabe, Ley & Greiner took a look beyond the immediate horizon of payment transactions. By booking considerable speakers such as Roland Koch, several discussions on economically or geo-politically topics arose.
On 15 June 2015 the financial symposium of Deutsche Bundesbank, usually held every two years, took place in Frankfurt. Passionate discussions and follow-ups were evidence for the great interest that Dr. Jens Weidmann, president of Deutsche Bundesbank, triggered with the invitation to this event. Main focus that day was the future of the payment transactions. In this context, Dr. Weidmann presented the opinion of the Deutsche Bundesbank concerning the upcoming discussion on the abolishment of cash. According to Dr. Weidmann, cash is part of the economic life out of different reasons and will, therefore, remain an important part. Further topics during the conference were based on developments or trends within payment transactions. Some of the speakers also concentrated on the customers' wishes or the question whether the latest payment transactions are only possible with actual banks or even without.
Digitalization of the financial market/cashless society was the focus of the BITKOM conference in Berlin from 16 to 17 June 2015. Mobile payment, automatic investment advice by Robo Advisor, crypto currency and new internet offers will be factors that are going to change the financial market as well as the consumer's behavior with financial products and services.
This is a glimpse of what were discussed during these two days. Furthermore, questions on the safety of electronically payments, on more reliable systems for fraud prevention or the use of appropriate risk management, was risen. The two State Secretaries Steffen Kampeter and Gerd Billen were guest speakers as well as panelists on this occasion.
Do not hesitate to contact us (mailto: vertrieb(at)gevabs.de) if you need further information on the congresses visited.
GEVA and ef&ef / AnaSys invite you to a joint series of events where current developments connected to payment transactions will be presented to the audience.[...]
The first lectures take place on 1 July 2015. "TARGET 2 ISO 20022 Migration" as well as "Komplettoutsourcing im Zahlungsverkehr" will be focus of this meeting in "The Cooking Ape" (Walther-von-Cronberg-Platz 2-4, 60594 Frankfurt am Main).
This event is a welcoming place for networking. Please find more detailed information by downloading our invitation as PDF file. It is also possible to register for this upcoming event before 25 June 2015 by using the invitation. Do not hesitate and be part of an interesting evening.
Valuable assistant for the automatically creation of regulatory required reports is the lates modul GEVA BR (Basel Reports). In addition to the collection and association of daily data, it is also possible to create reports on monthly accumulated figures. In April 2013, the Basel Committee on Banking Supervision (BCBS) has published a set of guidelines of monitoring tools and intraday stress tests. Since 1 January 2015, monthly accumulated financial figures should be reported to the supervising authority. Thus, BCBS has defined several tools or reports concerning monitoring. The figures to be reported depend on the financial institution's function. Therefore, not every financial figure of all institutions has to be notified.
On the one hand, it is a major challenge to identify all necessary data, whereas, on the other hand, the challenge is also to collect all data out of several systems. For this reason, many banking and financial institutions use excel sheets, which they create on their own. As a solution, GEVA offers the stand-alone solution GEVA BR. Of course it is possible to integrate GEVA BR into GEVA ZV.
This solution renders a valuable service by collecting and compiling the data. The server component of GEVA BR reads the account information, saves information in a database and interprets delivered values. If the time stamp is missing, e.g. the positions will be matched and associated with saved transactions within the payment transactions. Subsequently, the association will be confirmed or manually corrected in GEVA BR's client component - if requested by using the 4-eyes-principle. It is out of the question that necessary data for the opening or closing balance as well as required maximum incoming or outgoing payment transactions can be provided. Furthermore, the financial figures to calculate the average are available.
If requested, it is possible to prepare the data as chart or graph and as report ready to transmit. It is a pleasure for us to support you with this regulatory requirement.
12/2014 - GEVA acquires eldest private bank of Germany
GEVA Business Solutions GmbH won the project of banking payment transaction solutions with Bankhaus Berenberg. The implementation of GEVA ZV/3 includes SEPA payment transactions as well as international payment transactions. Berenberg was found in 1590 and is one of the leading European private banks with its business sectors private banking, investment banking, asset management and corporate banking. Situated in Hamburg, Berenberg is lead by personally liable partners and has developed a strong presence in the financial sectors of London, Zurich and Frankfurt. All in all, the bank is located in 19 locations in Europe, America and Asia.
12/2014 - Helpdesk
After re-structuring our consulting and support team technically as well as spatially, the OTRS ticket system was also customized according to the new structure in November. All customers registered received the latest issue of the OTRS user manual (note: the English version will be finished asap). Please comply with the described procedure.