Future-proof your business. As COVID-19 continues to affect the global economy, having resilient and adaptable payments technology is a game-changing competitive advantage over inflexible legacy systems.
Process payments with more efficiency. SWIFT gpi dramatically improves the speed and certainty of correspondent banking cross-border payments. Today, 56% of all SWIFT payments pass through gpi, representing over $300bn of daily value.
Stay ahead of the curve. The upcoming November 2020 Universal Confirmations requirement is driving the acceleration of gpi adoption. This is turn will strengthen customer value propositions, and improve competitive positioning in a real-time, ISO 20022-based world.
SWIFT gpi: the build vs buy debate
Dome Scaffidi, Payments Business Development Director at Volante, discusses how SWIFT gpi helps banks and financial institutions keep their assets more liquid.
VolPay Cross-Border Payments with SWIFT gpi
VolPay Cross-Border Payments with SWIFT gpi is a complete solution for end-to-end processing of cross-border payments using SWIFT and the gpi network.
Features and Capabilities
Funds Transfer. Accepts and processes payment instructions from customers and distributes them via SWIFT network to agent banks.
gpi. Complies with all gpi rules with universal confirmation upon credit to beneficiary.
Statement and Nostro Reconciliation. Reconciles MT940/MT942 statements against payments via automatic and manual matching.
Common Services. Provides dashboards, entitlements, user management, and notifications.
Key Benefits
- Facilitates rapid creation of customer-centric value-added services
- Broadest suite of APIs to power open banking
- Easy to implement, integrate, and configure
- Fastest compliance turnaround for new SWIFT standards releases
- Lowers payment processing cost and improves margins
- Simplifies future migration to ISO 20022 standard
- Extensible to other cross-border and domestic payment types
VolPay Solutions
Volante offers interoperable, extensible solutions for a variety of payments needs, all composed of business services from the VolPay ecosystem.