Allianz centralises international payments with CoCoNet’s MULTIVERSA IFP

November 13, 2007 - Allianz SE, one of the world’s largest financial services providers, will use CoCoNet’s MULTIVERSA IFP International Finance Portal for its international group payment transactions.

The decision of Allianz was motivated mainly by the necessity to adapt its software systems to the requirements of SEPA (Single Euro Payments Area) from 2008. Moreover, MULTIVERSA IFP provides better capabilities to integrate its international subsidiaries, partner banks and back-end systems. With MULTIVERSA IFP, Allianz replaces its existing payments platform which is based on CoCoNet’s MULTICOM system.