The impending deadline for adoption of the Single Euro Payments Area (SEPA) helped asset finance software provider Linedata to handle 40 implementation and upgrade projects in 2013.
The company worked on 40 "major" projects over the year with 34 separate customers, many of which related to the 1 February 2014 deadline for adoption of the European-wide automated payment format, according to Linedata’s chief operating officer Alain Mattei.
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In addition, Mattei said improvement to customer service, the integration of risk management, and the acquisition of portfolios were drivers for both existing and new clients to adopt Linedata Lending & Leasing software in 2013.
He said: "With a complex landscape across all businesses of the industry, credit institutions are faced with demands for improving customer relationships while optimising return on investment and implementing ever increasing regulatory changes.
"Financial Institutions need scalable platforms to manage growth, meet complex client requests to stay ahead of their competition and manage necessary, rapid changes while looking for efficiency and effectiveness in their operations.
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