Romanian TransFonD to connect to Equens' CSM community

With this partnership, both companies will further increase their reach in the SEPA environment. This landmark provides the banks of both communities with a fast, cheap and low-risk method of achieving reach with the banks of the other community and enables the simple and effective exchange of SEPA payments.

Razvan Faer, Chief Strategy and Marketing Officer of TransFonD: "The partnership will improve the future of the Romanian payment infrastructure – bringing more value to its clients and bridging the present gap in the financial flows between Eastern and Western European areas. The global financial turbulence clearly showed us, amongst other things, the degree of interrelation between financial institutions all across the globe. We are fully confident that the collaboration between our payment institutions will ensure reachability and interoperability between banks in both communities in the most efficient way possible."

Michel Stuijt, General Manager of Market Management at Equens: "We are very pleased to be establishing this bilateral link with TransFonD. Currently, we are seeing a steady growth in SEPA transactions. Therefore we are constantly expanding our CSM community and interoperability with other CSMs across Europe and beyond. The connection to TransFonD's CSM community is an important step for us in achieving full reach in Romania."

TransFonD is the operator of the Romanian Electronic Payment System: administrator and operator of SENT (Automated Clearing House), technical manager and operator of ReGIS (gross settlement system in real time), as mandated by the National Bank of Romania, technical operator of the system SAFIR (storage and settlement system in government securities transactions).

* Equens' CSM is also connected to DIAS (Greece), Iberpay (Spain), ICBPI/Banca d'Italia (Italy), KIR (Poland), OeNB (Austria), SECB (Switzerland), VocaLink (UK) and soon Deutsche Bundesbank (Germany).