FinTRACE will substitute manual investigation handling with a fully electronic case management process supporting SWIFT Fin and XML messages and Email, as well as providing direct connectivity to internal payments applications. A major part of the implementation will cover "SWIFTNet Exceptions and Investigations", a new ISO20022 XML-based workflow which will set international standards for payment investigations.

With the implementation of FinTRACE, Banco Popular will be able to centralize all payments investigations from all five entities belonging to the group in one application only.

FinTRACE is a fully rule-based case management system which is used by financial institutions to automate the investigation process for financial transactions, for example in the area of payments, securities and FX/Money Market. FinTRACE has a comprehensive web-based user front end and is SWIFT Ready certified for Exceptions and Investigations.

Mr. Daniel Sanz, Director of Organization said, " After a long process of comparing alternatives on the market, we have selected the Company´s product SwissRisk Fintrace, thanks to their ability to help us to improve our system and procedures for incident management operations of international payments and foreign trade. At Banco Popular, we consider as essential investment, projects in solutions that are critical factors and differentials in service to our customers and marketing networks. SwissRisk has completely understood these principles and their product meet these objectives and that is why we have decided to carry out joint implementation project.".

Dirk Vesper, Product Management at Swissrisk said, "Winning such a well know entity as it is Banco Popular as a client is again a proof that the product and services we offer are best in the market. We are extremely proud to be chosen by Banco Popular."