Our analysts proactively update payments data on milestone dates, and reactively as information changes. Clients using file-based solutions can receive updated information every day, and users of our online tools receive updates instantly. This means that if a SWIFT/BIC or SSI becomes inactive, for example, clients can avoid a large volume of payments failing.
Our solutions provide payment routing details for 190 domestic payment networks including emerging markets. Using domestic clearing systems to cover the ‘last mile’ of a payment may reduce transaction costs compared to routing directly through the SWIFT network.
Moreover, local language bank name and addresses are available for 13 counties that require this information, including China, Russia, and more.
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