Celent LLC issued a new report on “TCO for SEPA: A Model” in which it examines the decision-making process of financial institutions regarding SEPA projects, as the majority of European banks still strongly suspect that SEPA will negatively affect their revenue.
The report begins with an overview of the business background that justifies the need for such a model. It evaluates the current state and its limitations. The report goes on to describe a suggested end state. Finally, it highlights caveats and prescriptions. Such as, a financial institution must establish its level of interest and its economic rationale before embarking on a full-scale SEPA project.
There is general consensus that a real uptake to full-scale SEPA implementation will follow only after a clear definition of the migration deadlines from each of the 31 European Union countries involved. This responsibility falls on the shoulders of the EU regulators and local policymakers.
“The value of the study consists in suggesting the foundation of a model that enables a single bank or corporation to assess and evaluate the cost/revenue profile of its own SEPA program,” says Enrico Camerinelli, senior analyst with Celent’s banking group and author of the report.
A full report is available on Celent LLC official web-site.