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23C, Calea Vitan Contact person for the specific product / service
Bucharest, Romania, 031281 Allevo
+40212554577 +40212554577
office@allevo.ro sales@allevo.ro
About the company
Allevo is a Romanian company that provides software solutions for financial institutions of all sizes for processing financial transactions.

We promote BOOST (Banking On Open Source Technologies) in order to reduce the total cost of ownership and achieve end-to-end interoperability across the financial supply chain, offer operational risk containment, whilst addressing legal and regulatory constraints in processing financial transactions.

With the BOOST project, Allevo supports business growth by joint developments. It thus distributes its products with zero cost licenses and focuses on selling services, while aiming to create a self-sustaining open source community.
Product / Service

FinTP is a complete open source application that processes financial transactions, automates flows and offers operational risk containment and compliance to regulatory and industry standards.

FinTP and all ancillary documentation is distributed freely and openly through the FINkers United community and provides collaboration ground for rapid development and integration of new technologies, such as crypto currencies, biometric security, data analysis algorithms. This creates an open infrastructure for achieving real-time payments and a better management of liquidity and assets.

FinTP source code complies with GPLv3 license and it capitalizes on a 12 years practice proven by qPayIntegrator, designed and implemented by Allevo back in 2002. FinTP's predecessor has been live at 10 financial institutions and has successfully managed their daily operations, automating their flows, centralizing their transactions and ensuring end-to-end interoperability.

Core features:
1. technical integration between different business applications
2. data conversions to/from different formats
3. message routing and archiving
Key client processes
  • ERP and related:  Finance
  • Specific service process: Payments
Customer problem solved with the implementation
Business area: liquidity reporting and forecasting, enhanced interoperability with the bank's corporate customers, as well as flexible service for individuals based on the extended use of SWIFT standardized messages set for remittances (SWIFTRemit).

Operations area: operational risk containment functionalities (such as accounting reconciliation, duplicate detection, AML filtering, competitive alerts) and support for the most popular funds transfer instruments (payments, direct debit, debit instruments and securities), as well as multicurrency enablement, TARGET2 and SEPA compliance.

IT area: data quality insurance (natively persistent transactions during their entire life-cycle) and system resilience (transactions mirroring to the back-up platform(s)).