ACI Worldwide’s Money Transfer System has received the SWIFTReady accreditation for payments for the fifteenth consecutive year. In addition, ACI Global Trade Manager, formerly known as Open Account Manager, achieved the SWIFTReady Supply Chain Finance accreditation for the fifth year in a row, demonstrating ACI’s commitment to SWIFT’s standards and solutions.
The receipt of the SWIFTReady accreditation for payments recognises that ACI’s Money Transfer System satisfies SWIFT’s highest requirements for the initiation, generation, processing and settlement of payments. The SWIFTReady Supply Chain Finance label is granted to trade finance applications which support the Trade Services Utility (TSU) messages and workflows. Global Trade Manager is designed and built according to TSU standards and is fully compliant with TSU Release and the bank payment obligation (BPO).
“The SWIFT certification demonstrates that an organisation meets a level of expertise and excellence,” said Anyal Hozee, product/market manager at SWIFT. “We strive to offer a potential customer an impartial evaluation which helps to assure them an independent arbiter has certified the solution meets our standards of quality. I congratulate ACI for maintaining a high level of quality and excellence for the past 15 years.”
On day one of Sibos 2017, Stefan Dab, The Boston Consulting Group led a conversation examining the future of correspondent banking, and specifically the pain points corporate treasurers face in their cross-border payments operations and where technology can be developed to alleviate these.
The US dollar and debt yields falling on the North Korea missile test, treasury being a top target for cyber criminals and why treasurers aren't into real-time payments all hit the latest headlines in the world of treasury this week. Don't miss our ten top news stories from around the world.
HSBC arguing that mid-market businesses are missing out on huge exporting opportunities, 3D printing being predicted to cut global trade by 23% in 2060 and the blockchain community launching a voluntary transparency project all hit the latest headlines in the world of treasury this week.
Direct carrier billing is currently a competitive payments industry in Europe, but will it flourish under PSD2? EE and Microsoft think so.