Swift to Build Payments Ref Data Utility

Joe Halberstadt

Swift is building a payments reference data utility, which will include payment routing information, identifiers and standing settlement instructions, Inside Reference Data has learned.

The new utility, which will be announced at Swift’s Sibos conference in Toronto in September, will centralize a number of Swift products on the same platform, ensuring the offerings are better integrated.

The background for creating the utility is the Swift 2015 strategy, underlining that reference data is one of

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