The tracker module in MULTIVERSA IFP uses the SWIFT gpi connector to allow banks’ corporate customers to more effectively forecast and track their international payments and manage their liquidity to meet the needs of their business. Corporate users of the platform can view the exact locations of international payments they have sent, or are due to receive, on their financial dashboards. They can also choose to receive information about expected processing times and charges, and set alerts that highlight the progress of payments.
Additionally, the intelligent system learns from formerly processed transactions and automatically advises users with regard to timings and process optimisation in international payments.
Thanks to the SWIFT gpi tracker functionality, banks are able to provide greater transparency and better predictability around international payments to their corporate customers. This will set them apart from their competitors, helping them to attract and retain business. Banks can also earn additional revenues through the module since SWIFT gpi tracking is a paid-for service.
With the SWIFT gpi tracker in MULTIVERSA products, banks can transform cross-border payment experience by delivering fast payments that are fully predictable and traceable from end to end.