CoCoNet showcases the intelligent and user-friendly SWIFT gpi tracker functionality of MULTIVERSA IFP 4.0 at EuroFinance

  • Based on SWIFT gpi services a new module in MULTIVERSA IFP allows banks’ corporate customers to track and forecast their international payments
  • New functionality enables banks to attract and retain customers, as well as generate additional revenues

The intelligent and user-friendly SWIFT gpi tracker functionality of MULTIVERSA IFP 4.0 impressed visitors to CoCoNet’s stand at EuroFinance last week. Launched in September, MULTIVERSA IFP 4.0 is the next generation of CoCoNet’s highly successful payment and cash management solution for banks’ corporate customers.

The tracker module in MULTIVERSA IFP uses SWIFT gpi services to allow the banks’ corporate customers to more effectively track and forecast 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 prognoses 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.

“Together with the new user interfaces, the intelligent SWIFT gpi tracker module was a much-anticipated enhancement of our best-in-class MULTIVERSA IFP solution,” said Oliver Olmesdahl, CEO of CoCoNet. “So, we were not surprised that it attracted a lot of attention at EuroFinance.”

He continued: “International corporates are increasingly demanding information based on machine learning processes in their banking platforms. Banks that want to offer the most up-to-date cash management solutions to their customers must be able to provide intelligent SWIFT gpi tracking, as well as other sought-after services such as instant payments.”

In conclusion, Olmesdahl said: “CoCoNet prides itself on delivering ready-to-go corporate banking solutions that meet its banking customers’ expectations in terms of efficiency, usability and customer value. So, we are extremely pleased that our SWIFT gpi tracker module has delivered on those high expectations.”

 

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