The 2020 deadline for SWIFT’s gpi initiative, helping banks to prepare
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. FINSTAT seeks to greatly increase operational efficiency in the handling of payment messages across the banking institution. Read all about it the future of GPI and the role of FINSTAT in our article on helping banks to prepare for SWIFT’s gpi initiative.