Iliad Solutions launches new testing standards for SEPA real-time payments

January 24, 2024 – Iliad Solutions, a global leader in payments testing, is offering support to financial institutions integrating the next SEPA Instant Credit Transfer (SCT Inst) rulebook version scheduled to go live in March 2024.

To help organisations make this SCT Inst transition smoothly and keep up-to-date with the latest changes, Iliad Solutions has developed the SCT Inst Testing Solution, an orchestrated version of its highly acclaimed t3 payment testing platform. The Solution empowers financial institutions to securely simulate all types of instant payment journeys included in the new 2023 rulebook – across both internal and external ecosystems.

Iliad’s SCT Inst Testing Solution allows financial institutions to:

• Create bespoke tests tailored to your unique environment
• Run automation using Iliad’s test studio and palettes with a blend of test data
• Quickly see where errors are occurring with user-friendly test results
• Manage all data centrally to ensure full sight of all results at all times
• Thoroughly test downstream applications affected by real-time payments
• Comprehensively test regression and allow for test automation with data tagging
• Devise condition-based test scenarios with matching response rules (PACS.002 etc)

Anthony Walton, CEO, Iliad Solutions comments: “With Europe’s major financial institutions facing more operational pressures than ever before, staying up to date with the latest banking innovations is a perennial challenge. Our SCT Inst Testing Solution enables quality managers, technology officers, and operations leads to deploy the new SCT Inst version with confidence.”

Walton added: “Banks and payment providers who want to remain at the forefront of financial innovation need to embrace this upgrade, we can help!”

All financial institutions participating in SCT Inst need to be ready for the changes involved. You can learn more and download Iliad’s SCT Inst Testing Solution brochure here.