SWIFT

Cate Kemp, Head of UK, Ireland, and Nordics at SWIFT

Equiniti Group’s international payments division, Equiniti Business Payment Services, has announced a partnership with financial messaging services provider, SWIFT on the 24th of September at Sibos London 2019.

Mark Churley, MD of Equiniti Business Payment Services, commented, “We are delighted to be partnering with industry leaders SWIFT. There will be tangible benefits to our customers with the speed of payments increasing, improved customer experience with real-time tracking, responsive validation, and insights into payment requirements and reduced time to resolve cases of failed or pending payments. We are investing heavily to maintain our market-leading proposition and this partnership is just the first step of many in this journey.”

According to the supplier, Equiniti’s division will join SWIFT Alliance for delivering cost-effective products and services to its clients. The technology, powered by SWIFT’s gpi, will allow Equiniti Business Payment Services to offer clients with ability to stop and recall payments as well as accelerate turnaround time.

Cate Kemp, Head of UK, Ireland, and Nordics at SWIFT commented, “We are delighted to extend our relationship with Equiniti in what is such an exciting time for our industry. With gpi, we are transforming the speed, transparency, and traceability of cross-border payments across the globe. By partnering and innovating with our customers we are able to offer client-centric innovation and reduced friction enabling cross-border transactions that are as seamless and as real-time as domestic payments.”

The partnership is expected to provide assistance in the validation of input data related to payment method, beneficiary and corresponding bank details and provide real-time feedback to customers to ensure all mandatory information is captured in the correct format.

Recently, SWIFT announced the expansion of options for its customers to move to the cloud, thus simplifying their migration to cloud providers such as Microsoft, Google Cloud as well as SWIFT’s private cloud platform.

by By Megha Bhattacharya
Megha is a Market Analyst at IBS Intelligence.
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