Volante supports SWIFT gpi 25 February 2019New York Reporter: Jenna Lomax
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Volante Technologies is to support SWIFT’s latest standards release of 2019 by incorporating the necessary changes to relevant messages as well as providing full support for SWIFT gpi.
On 22 February 2019, SWIFT issued its latest standards release which includes a number of changes, most notably for payments messages and to SWIFT gpi.
This includes mandatory changes mostly relating to the unique end-to-end transaction reference.
According to SWIFT, all users of category one and two messages will be impacted, whether or not they use the SWIFT gpi service.
SWIFT 2019 covers the syntax and semantic validations to be performed for various message types messages impacted by these changes.
Volante’s SWIFT standards update also includes support for flexible access to SWIFT gpi data in SWIFTRef repositories.
Venkat Malla, vice president of product management at Volante Technologies, said: “This update is important not just for our clients, but for the industry as a whole, as we continue to support the revolution in the payments industry as it moves increasingly towards a more real-time environment.”
“Volante is fully committed to the SWIFT gpi initiative and by rapidly incorporating the latest changes into Volante’s library of message standards, we are able to help our customers accelerate adoption of this service and, more broadly, embrace new technologies to stay ahead of the curve in the rapidly changing financial services industry.”
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