SwiftRef to Consolidate Data Directories


SwiftRef, the product suite intended to eliminate payment errors caused by poor data quality and to increase straight-through processing (STP), is to serve as a comprehensive offering bringing together multiple data functions, according to Patrick Neutjens, head of reference data at Swift.

“Last year, we didn’t have SSI directories. We had a limited number of national codes. Cross-referencing between BICs [bank identification codes] and national codes wasn’t as sophisticated as it had to be,” he

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