Hamburg Commercial Bank Transfers Its SEPA Processing To Broadridge’s BPO Payments Service - Average Straight-Through Processing Rate Of 99.9% Hamburg Commercial Bank (HCOB) has successfully completed the transformation of its SEPA (Single Euro Payments Area) payments business to a cloud-based, next-generation platform run by leading global Fintech provider Broadridge Financial Solutions, Inc. (NYSE:BR). The transition was made to Broadridge’s Payments as a Service and BPO operation that uses PPI AG’s advanced payments technology. This latest move follows the earlier transition of HCOB’s high-value TARGET and international SWIFT payments that migrated to the Broadridge service in July 2021. “With the successful and timely completion of this second and final phase of our payments migration to Broadridge’s SWIFT and SEPA platform, this important milestone of our transformation has now also been accomplished,” said Stefan Ermisch, CEO of Hamburg Commercial Bank. “Our customers across the European region will benefit from HCOB’s cloud-based, reliable technology and excellent service.” “I continue to be highly impressed by the professionalism and close collaboration between all teams – the bank, Broadridge and PPI – to deliver a seamless workflow across all of our payment processing channels, based on a scalable technology platform and outsourcing service,” added Daniel Roth, Head of Strategy Transformation at HCOB.