To make sure money can run smoothly around the world, every single customer payment (MT 103 on FIN) will require a confirmation by the end of 2020. Payments confirmations enable banks to improve their customer experience by offering transparency and certainty
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Corzap solutions are designed to address back office operational needs, message monitoring and gpi compliance requirements for SWIFT, ultimately enabling bank corporate customers settle transactions in real time, more transparently and within a digitally transformed banking environment.
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With the 22 November deadline in sight, many banks across the globe have taken the decision to comply with the Universal Confirmation deadline through sending a simple csv file from the core bank system to the SWIFT alliance access. This light MT103 tracker is
Trustlink provides innovative solutions and services that enable financial institutions, central banks and prestigious corporate enterprises to enhance information exchange and business process integration beyond the borders of the enterprise. The company is
“On the operations side, CorZap can pair and match any financial message, validate fees and charges against correspondent agreements, identify the right to claim, what to claim, when to claim and actually create the claim message and directly communicate
The recently released SWIFT info paper was very clear: gpi payments are fast, they are transparent and predictable and are supporting international trade and capital flows. They are rapidly being adopted for domestic and lower value consumer payments as well.
The future of straight-through processing is bright and SWIFT gpi in partnership with a smart Software house – like Corzap – is the new way forward for banks that want to compete in a global market. Read all about it in our article on making SWIFT gpi
Corzap was present and presented at Sibos 2018 in Sydney. Until 2018, Corzap was known as Finstat. Our presentation at Sibos 2018, was focused on today’s challenges on banks in relationship with our SWIFT gpi solutions. Watch the video for the full experience
Gpi is set to be the standard for all cross-border payments that are handled through SWIFT member banks by the end of 2020 – or a little over two years from now. The gpi initiative will enable end beneficiaries to be credited within minutes or even seconds.
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