SWIFT upgrades reference data quality for treasurers

A new reference data service from Belgium-based SWIFTRef enhances data quality for treasurers.

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SWIFTRef Consultancy designed the service, which typically would be used to facilitate payments by matching and comparing data. In addition to information about the accuracy of the back-office bank master database, Customer Data Validation suggests the addition of up-to-date bank information.

High-quality reference data is in great demand from corporate treasurers, says Hervé Valentin, head of SWIFTRef at SWIFT, in a statement. “Corporates consume payments reference data to help ensure all out

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