PPI provides EBICS interface for the future financial communication of the Holtzbrinck Group
PPI AG integrates the EBICS standard into Broadridge?s FinMApp integration solution. The Holtzbrinck Publishing Group will use the platform to exchange data with the five EBICS banks that are part of a network of more than 35 institutes worldwide. PPI AG, the Hamburg-based payments consultancy and supplier, has entered into a partnership with Broadridge Financial Solutions in connection with the latter?s streamlining and standardization of Holtzbrinck Publishing Group?s financial communications. Holtzbrinck, the Germany-headquartered media and publishing group, will leverage FinMApp, Broadridge?s international payments and integration solution, to create a single, integrated channel to manage communications across banks. The platform will deploy the Electronic Banking Internet Communication Standard (EBICS), a financial messaging channel used in a number of European markets, to support secure communications with the five EBICS using banks that are part of a network of more than 35 financial institutions globally. As the leading advisor in EBICS and other payments-related technology, PPI AG is regarded as the ideal partner during the EBICS stage of the overall project. ?Our EBICS products are already in use at many European companies in the financial sector. With this cooperation, we are once again helping to deliver a comprehensive, end-to-end solution for the international payments market,? said Dr. Thorsten V
Ease of access
The EBICS protocol provides communication access to various financial institutions with regard to payments, cash management, and account analysis. The current version, 3.0, incorporates all EBICS dialects spoken in the European market. ?This offers a new interface that has the potential to become a pan-European standard,? said Dr. Thorsten V
Focus on financial communications
Through the association with Broadridge and the usage of the EBICS-standard, Holtzbrinck will be able to increase efficiency as well as flexibility and will be able to improve business control for its global corporate treasury operations. ?Having previously relied on a proprietary solution, Broadridge is the right partner for us. Going live with EBICS with the Broadridge FinMApp is the first step to concentrate and automate our global bank communication and gain complete transparency into our payment processes,? said J
FinMApp is used extensively in banking and capital markets, asset management and corporate treasury operations, delivering advanced transaction monitoring, management, translation and reporting on international payments to a user base of over 100 multinational organizations. It delivers a unique, unified workstream and consolidated business view that enables corporate and financial institutions to track cross-border payments in real time and receive status updates and notifications regarding applicable costs and charges.
?We are pleased to support Holtzbrinck Publishing Group and provide them with a central process that will streamline its cash and liquidity management,? said Andreas Gns.?
About PPI AG
PPI specializes in payments software and consulting and is the market leader for EBICS and FinTS solutions. PPI?s products cover the complete payments process chain for banks, from customer-to-bank communication through the core processing of payments up to the interbank communication ? end-to-end from a single provider. The consulting portfolio includes banking-related strategic and business topics as well as payments-related IT consulting. PPI advises their customers on various fields such as regulation (e.g. PSD2), instant payments, individual and bulk payments, SEPA and card-based payments, and many more. As a stable, growing family business, PPI''s more than 600 employees - more than 250 of them in the payments sector - focus entirely on the success of their customers. For more information about PPI, please visit www.ppi.de/en.
About Broadridge Financial Solutions Inc.
Broadridge Financial Solutions, Inc. (NYSE: BR), a $4 billion global Fintech leader and a part of the S&P 500 in operations infrastructure, allowing them to increase their focus on core business activities. With over 50 years of experience, Broadridge?s infrastructure underpins proxy voting services for over 50 percent of public companies and mutual funds globally, and processes on average more than US $5 trillion in fixed income and equity trades per day. Broadridge employs over 10,000 full-time associates in 18 countries.
For more information about Broadridge, please visit www.broadridge.com.
About Holtzbrinck Publishing Group
Holtzbrinck Publishing Group is a family-owned German media and publishing group with broad interests in research publishing (Springer Nature), educational content (Macmillan Learning), consumer books (Macmillan Publishers) and technology business (Digital Science, HV Holtzbrinck Ventures). The group parents such companies as Die ZEIT, S. Fischer Verlage, Rowohlt Verlag, Scientific American, St. Martin?s Press, Farrar, Straus and Giroux and Henry Holt. It has ownership and stakes in over 50 Internet companies and funds around the world like Rethink Education, GSV Acceleration, Founders Factory, btov, Dimensions, Symplectic, ifi Claims, Peerwith, figshare, labguru, Altmetric, TetraScience,
For more information about Holtzbrinck Publishing Group, please visit www.holtzbrinck.com.
Die PresseMitteilung stellt eine Meinungsäußerung des Erfassers dar. Der Erfasser hat versichert, dass die eingestellte PresseMitteilung der Wahrheit entspricht, dass sie frei von Rechten Dritter ist und zur Veröffentlichung bereitsteht. businesspress24.com macht sich die Inhalte der PresseMitteilungen nicht zu eigen. Die Haftung für eventuelle Folgen (z.B. Abmahnungen, Schadenersatzforderungen etc.) übernimmt der Eintrager und nicht businesspress24.com