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Wednesday, May 19, 2021
BK Joins SWIFT UNIVERSAL CONFIRMATION BK Joins SWIFT UNIVERSAL CONFIRMATION
By Mohamadreza Shabanzad @ 10:50 AM :: 202 Views
 

Bank Keshavarzi joined SWIFT UNIVERSAL CONFIRMATION as the first bank of the country. According to a report by FX Operations Department, Bank Keshavarzi joined "SWIFT UNIVERSAL CONFIRMATION: The Basic Tracker" to track all payments from end-to-end in real time. 
With Universal Confirmations, the ordering banks and financial institutions know at any moment where the payment is and when the final beneficiary has been credited. With such a service, the bank will be provided with many advantages, such as reducing the operational multiple queries on payment’s status, enabling transparency and accurate payment status tracking, providing clear visibility of funds movement, and building value-added services for the customers on top of GPI services. 

 

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