Alliance Bank joins the SWIFT gpi user community
March 12, 2020
Bank Alliance is joining the community of SWIFT gpi users. Since the beginning of 2020, we have started the process of introducing an innovative service in the field of international payment system. The transition to the SWIFT global payments innovation (gpi) standard will accelerate the flow of cross-border payments, ensure their transparency, and will track international payments throughout the chain of correspondent banks with a unique number.
According to the Chairman of the Board of the Bank Alliance Yulia Frolova, SWIFT gpi technology provides new opportunities for improving the level of service and quality of payments in foreign currencies, namely:
- Bank real-time payments tracking
- Cash flow to the accounts within 24 hours
- Ensure full transparency of commissions
- Ensure that transfer information is consistent
ProFIX, as a SWIFT Business Partner, has been a partner in the Bank Alliance connection project to SWIFT gpi. Today, we are the third Ukrainian bank in the process of joining the global initiative.
About SWIFT gpi. The SWIFT Global Initiative, launched in January 2017 to make real-time payments. This service has dramatically improved the experience of cross-border payments, significantly increasing their speed, transparency and tracking.
