5 December 2018

SWIFT pilots integrated payment validation service as gpi captures more than 50% of payment volumes

14 major banks join pre-validation pilot focused on error detection

Brussels, 5 December 2018 - SWIFT today announces it will begin piloting an integrated pre-validation gpi payments service, focussing on enabling the speedy identification and elimination of errors and omissions in payment messages. 

The pilot is the first stage in the roll-out of the ambitious gpi validation programme. The goal of the pilot is to build the foundation of a new integrated and interactive service that will significantly improve efficiencies in the payments process and which will ultimately be made available to all 10,000 banks across the SWIFT network.

Read the full press release (PDF)

gpi

SWIFT global payments innovation (gpi)

Global banks are working together to make a dramatic change in cross-border payments.

SWIFT Insights

  • Discover the latest trends in financial services
  • Keep up with our news updates
  • Read thought-provoking industry reports
  • Explore global events and webinars
Read more