International Bulk NRT Payments (non-EU)

  • September 7, 2020
  • Spain
deadline:​
00
Days
00
Hours
00
Minutes

Problem statement & Solution needed

Bulk payment solution , NRT (around 30 mins), for companies.

Sending remittances of payments (not one-off payments) to destinations outside the EU with a process time of around 30mins, always with correctly informed data at source. It is about beating the current operation through that of SWIFT and comparable to mechanisms of card brands.
The idea is to cover the functionality of SCTinst, file format, in non-SEPA destinations.
In currency or EUR.
With information return from operations within the limits set, ideally both correct and incorrect.
System oriented so that the operation is between systems, not to have a person managing the service (subsequent incidents apart).
Possibility of communication to the beneficiary (based on the previous information, usually).
Possibility of tokenizing the destination account (so that the payer does not necessarily have to know it, although it does have to have an account identifier that only that payer can use.
Technical requirements:
– Connection via open API.
– Support of an authentication method among the following:
• Oauth2 (Authcode or PKCE)
• API Key
• Basic auth
– Preferably support mutual TLS connection
– Omni channel in case of using widgets, responsive to adapt to any channel

Who can apply?

Solution of interest:

FinTech

Business model:

B2B | B2B2C

Technologies:

APIs | Blockchain Infrastructure

Maturity - employees:

All

Maturity - Stage:

€ All

Geographical activity:

Partnership model:

PoC / Pilot, Software provider contract, White-label

What are we offering

Challenge deadline

00
Days
00
Hours
00
Minutes
31/07/2020
Launch
Launch
31/07/2020
07/09/2020
Aplication deadline
07/09/2020
Evaluate
Winner

Organizer

Headquarters

Spain

Founded

2020

Employees

All

Sector activity

Banking

Countries

About the company

Challenge Rules

Bulk payment solution , NRT (around 30 mins), for companies.

Sending remittances of payments (not one-off payments) to destinations outside the EU with a process time of around 30mins, always with correctly informed data at source. It is about beating the current operation through that of SWIFT and comparable to mechanisms of card brands.
The idea is to cover the functionality of SCTinst, file format, in non-SEPA destinations.
In currency or EUR.
With information return from operations within the limits set, ideally both correct and incorrect.
System oriented so that the operation is between systems, not to have a person managing the service (subsequent incidents apart).
Possibility of communication to the beneficiary (based on the previous information, usually).
Possibility of tokenizing the destination account (so that the payer does not necessarily have to know it, although it does have to have an account identifier that only that payer can use.
Technical requirements:
– Connection via open API.
– Support of an authentication method among the following:
• Oauth2 (Authcode or PKCE)
• API Key
• Basic auth
– Preferably support mutual TLS connection
– Omni channel in case of using widgets, responsive to adapt to any channel

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