HKMA and SFC would stagger the implementation dates for different reporting entities.
New capability automates single, one-time data validations
The messaging vendor believes providing a directory that cross-references Bank Identifier Codes and legal entity identifiers will facilitate adoption and integration of the latter
The data integration software vendor says joining SwiftRef's partner program will give its customers access to a single source for payments reference data
The messaging provider says daily feeds of reference data files from the SwiftRef platform will help firms avoid the cost of manually updating data themselves
Interbank utility Swift, a contender in the race to become the registration authority for the legal entity identifier, has decided that the business identifier code (BIC) will not form the basis of the legal entity identifier, officials tell Inside…