Ebury has announced its collaboration with SWIFT gpi, which allows corporations to monitor and view payments globally in real-time. SWIFT gpi has gained industry support across the globe with more than 110 global transaction banks taking part. Ebury is one of two non-bank organisations to join the service.
The corporate payments industry has historically lagged behind when it comes to technological advancements – the gpi Tracker and other gpi developments will drive innovation in this space. The ability to trace payments in real-time and same-day settlement will allow faster supply chain processing. In addition, corporate treasury departments will benefit from having real-time access to data which will enable them to better manage their cash-flow forecasting, supply chain finance, invoicing and risk management – hence allowing them more time to focus on profitability and managing the business in a more efficient and informed manner.
Mark Hewlett, Wholesale Banking Relationship Director, Ebury, states: “Our goal is always to simplify and improve the payment experience for our customers with key innovations. The gpi Tracker, will give treasurers the ability to take a more strategic approach to cross border payments. We look forward to being an active member of the gpi community and partnering with banks to make this the new normal for our customers – giving them the certainty they need to make and receive payments internationally”.
“We are pleased to welcome Ebury to SWIFT gpi, says Steve Gilderdale, Head of UK, Nordics and Ireland, SWIFT. gpi is an innovative solution enabling corporates to better manage their payments supply chain. Working with key non-bank participants, such as Ebury, adds a tremendous value that will help us grow the service across all payment channels”.