Bankersalmanac.com, the leading provider of reference data for payments, due diligence and risk assessment today announced an agreement with the Society for Worldwide Interbank Financial Telecommunication (SWIFT) to become an authorised re-distributor of Bank Identification Codes (BICs).
Bankersalmanac.com will continue to collect settlement codes directly from authorised banks worldwide and will supplement this with a direct feed from SWIFT, the official issuing authority of BICs.
Commenting on the agreement, Kerry Hewson, Director of Bankers' Almanac said "We are pleased to announce this agreement with SWIFT. Bankers' Almanac has always had a history of working with industry authorities such as SWIFT and an ongoing commitment to providing the most accurate payments data to its customers. By including the BIC information directly from SWIFT within Bankersalmanac.com, it will help to improve the efficiency and effectiveness of our client's transactions."