Allevo

Allevo builds software for financial institutions, with a focus on automating payment and transaction flows. Its products follow an open-source model, which the company says reduces ownership cost and operational risk. It has been active for more than two decades and holds regular user group meetings with customers.

What Allevo offers

• Payment and transaction processing — applications for moving money between banks and systems.
• FinTP — an open-source route to SWIFTNet connectivity and regulatory compliance.
• Reconciliation — real-time matching of transactions.
• Transaction filtering — screening to limit regulatory exposure.
• Business continuity — a tool called FMA for keeping services running.
• Payment integration — a connector product used by lenders such as Musoni.

Who it works with

Banks and corporates, with published case studies at Raiffeisen Bank Romania, BCR, Garanti Bank and Moldindconbank, as well as retail and pharmacy groups.

Key facts

• Age: celebrated 27 years of activity at a recent user group event
• Events: regular user group meetings and SWIFT user group sessions