SWIFT, along with a number of corporates and banks, is to start testing an enhanced standard which will allow corporate treasurers to initiate and track gpi payments to and from multiple banks and integrate gpi flows in ERP and Treasury Management Systems.

Since its launch early last year, SWIFT’s global payments innovation (gpi) continues to demonstrate its game-changing role. It now counts some of the largest global transaction banks amongst its 180+ membership and together with corporate treasurers from leading international organisations from around the world, is starting to realise its ambition to modernise the cross-border B2B payments experience.

Cross-industry collaboration is key, as demonstrated by a first-of-its kind SWIFT facilitated Corporates pilot which has recently brought together 10 multinational corporates and 12 gpi banks to explore how best to bring real-time payments tracking into corporate treasury applications.

Continue reading https://www.swift.com/news-events/news/swift_s-gpi-driving-real-time-payments-tracking-into-corporate-treasury-systems