SwiftRef BIC Directory
Access all BIC8s and BIC11s - and their registered name, address, Swift connectivity status and Distinguished Name (DN) - which are used to identify entities that are parties in financial transactions made either on the Swift network or an RTGS system.
Benefits
Access worldwide BIC data such as financial type and FIN, FINplus, InterAct and FileAct connectivity details directly from Swift, helping you to identify counterparties on the Swift network and base your transactions on up-to-date information.
From identifying BIC code names and addresses to checking bank holidays affecting specific BIC codes, the BIC Directory is a versatile solution for payment operations teams.
Standardised and cross-referenced data enables easy integration into your existing systems. feeds transactions with accurate reference data and repairs them in case of errors.
Use cases
- A bank needs to look up the FINplus DN, populate the bank address details in ISO format and validate FIN/FINplus connectivity before sending a FINplus payment.
- A bank receives an ISO 20022 SEPA payment instruction from its customer and must find the BIC that corresponds to the IBAN.
- A corporate receives an invoice from a new supplier and needs to validate the supplier's bank data before storing the data in the ERP system.
Learn more about BIC Directory
Talk to one of our Account Managers