Tuesday 02, October 2018 by Kudakwashe

SWIFT launches gpi Observer Analytics tool

 

The solution will allow banks to optimise payment routings and steer their cross-border payment strategies.

SWIFT is launching a business intelligence gpi, Observer Analytics tool, a new resource for gpi banks to gain comprehensive business insights into their gpi traffic flows.

In a statement, SWIFT stated that gpi Observer Analytics provides will allow financial institutions to act on reliable and fact-based information to understand the current itinerary and speed of their payment instructions.

The gpi Observer Analytics tool, benchmark and monitor payments at country, country corridor and currency level, allowing financial institutions to see their activity shares, view gpi market practices and identify new business opportunities.

The gpi Observer Analytics was launched following a successful pilot with 17 banks and is now available to all gpi banks.

Harry Newman, Head of Banking, SWIFT, said, “gpi Observer Analytics is designed to give gpi members deeper business insights into their gpi payment flows giving them routing intelligence and allowing them to benchmark against the wider gpi community.”

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