ei-fan-club-membership-up

E&I fan club membership up

SWIFT says 17 banks and companies are now using its exceptions and investigations solution.

By Cherie Marriott

October 13, 2006

Five weeks after going live, as many as 17 banks and companies have signed up to use SWIFTNetÆs latest payments solution which automates enquiries and error handling. And there are more banks queuing up to join, including an as-yet-unamed Chinese bank.

The exceptions and investigations EI platform introduces new message types to automate the processing of errors in payment instructions. The pilot of the platform was completed in May and the system went live on 8 September.

Eleven new banks and two corporates have now joined the five pilot banks as early adopters of the platform. Together they represent around 24% of the SWIFT payments volume. ôThe coverage is particularly strong in the...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222