EMPOWERING BANKS WITH APIs
MEET APICUNIA
OUR JOURNEY
At Apicunia, we are dedicated to revolutionizing regulatory compliance for banks and Payment Service Providers. Our journey began with a vision to simplify regulatory challenges, and today, we are proud to offer innovative solutions that empower banks with compliant data APIs.
OUR MISSION
Our mission is to provide banks with the technology they need to navigate complex regulatory landscapes. We are committed to enabling banks to achieve and maintain compliance with confidence.
OUR APPROACH
Apicunia is a technology company dedicated to providing innovative solutions to meet European banking regulations.
Our technology is driven by an open standards , API-centric approach, ensuring that banks have access to advanced regulatory services via a secure and interoperable set of standards.
Regulatory Services Platform
01 / COMPLIANT
We provide cutting-edge API solutions that accelerate regulatory compliance for banks. Our technology enables fast and secure services, making it easy for banks to meet compliance requirements quickly and efficiently.
02 / INTEGRATED
Our API solutions are designed to seamlessly integrate with your processing, providing a secure and efficient way for banks to offer the required services in accordance with the regulatory standards.
03 / EFFICIENT
Our approach to data integration provides a low complexity solution for banks, offering an easy-to-use solution that seamlessly aligns with the regulatory compliance standards.
Verification of Payee
Our Services
At Apicunia, we leverage API-centric technologies to enhance application versatility, scalability, and interoperability. Our solutions enable businesses to adapt to evolving market demands and optimize their application performance.
Verification of Payee
The Verification of Payee (VoP) scheme is a set of rules, practices and standards to achieve interoperability for the provision of verifying payment account numbers and names between participants of the SEPA Instant scheme.
When consumers or businesses make payments, the Verification of Payee service provides confidence that the money is going to the right account. Before they transfer the funds, customers can check that the name on the recipient account matches the person or business they intend to send the money to, ensuring the funds end up in the right place.
Our Verification of Payee service supports PSPs by offering a cloud hosted capability. All the complexity of name matching, in strict accordance with the VoP Rulebook, is provided by our service.
Reachability
The SEPA Instant scheme provides for a capability to ensure that that the bank account of the Payee is reachable using the SEPA Instant scheme.
To achieve this, a directory of bank accounts, identifiable by their IBANs, will be made available.
Apicunia provides a hosted service to support checking the reachability of a Payee bank account via the SEPA Instant scheme.
Routing and Verification Mechanism
Routing and Verification Mechanism (RVM) is a capability to route VoP requests and responses.
The role of an RVM is to:
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Receive VoP Requests from the PSP participating in the SEPA Instant scheme
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Forward the VoP Requests in full to the responding PSP who participates in the relevant RVM, ensuring that all data submitted by the requester PSP reaches the responding PSP
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Forward the VoP response in full and without any alteration to the Requesting PSP
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Provide any required risk management procedures and other related services
Apicunia act as an RVM, providing the necessary lookup of the responding PSP, the routing of the request to them and the corresponding response back from them.
Payments Business Intelligence
The SEPA Instant scheme mandates that rich data relating to a payment is captured.
Apicunia provides a hosted service for the storage of such mandatory payment data. This data is useful for supporting payments operational processes but also offers the opportunity to provide a wealth of actionable insights into customers spending behaviour.
Apicunia has conceived a set of tiered services around the rich payment data.
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Standard queries and reports
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Rich data mining services, delivering customised insights
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Integration services to access this data and allow it to be embedded into your own organisation's data intelligence services