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
Anthony and James talk about how regulators in the US are falling behind other nations' regulators, the lack of talk about Reg AT, and an SRO for cryptocurrencies.Subscribe to Weekly Wrap emails