Sentenial to hire 110 staff as SEPA deadline approaches
6 November 2013 | 0
Financial technology firm Sentenial is to hire 110 staff as the company expands to meet demand for its payment technology.
Sentenial clinet list includes European banks, bank of america, Digiweb, Barclaycard and in Ireland is used by all the main clearing banks. When the switchover to the EU common payment processing system, SEPA, on 1 February 2014, Sentenial’s technology will be responsible for processing over €60 billion worth of payments a year.
Sean Fitzgerald, Sentenial chief executive and founder, said: “The expansion we’re announcing today will help support the rapid growth we have experienced in 2013 and the pipeline of opportunities in coming months… Companies are realising that the deadline for SEPA implementation is fast approaching and seeking expert advice to get their business ready. Whilst banks and large companies have invested in upgrading their systems, many SMEs in Ireland have not made adequate preparation, and could have an unpleasant surprise on 1 February finding that they are unable to pay suppliers and staff, or receive payments from customers.”
Sentenial employs 160 staff and expects the new roles to be filled by the end of 2014.