25 February 2018
Visit www.avoka.com

NAB connects to SWIFT gpi Payments Tracker via API

29 September 2017  |  5309 views  |  0 Source: NAB

In a global first, National Australia Bank has implemented connectivity to the new SWIFT gpi Payments Tracker via Application Programming Interface (API).

Over 100 of the world’s largest transaction banks have now all signed on to the SWIFT global payments innovation (gpi) initiative, which provides same-day settlement with real-time payments tracking.

NAB General Manager of Payments, Paul Franklin, said the introduction of SWIFT gpi means NAB can provide greater transparency to customers, and certainty of the status of their payment.

“We are continually looking for opportunities to deliver better customer experiences, and key to this is collaborating with like-minded organisations and leveraging API technology in a safe and secure environment,” Mr Franklin said.

“We went live with our SWIFT gpi using API connectivity earlier this month, and it’s already delivering real benefits.”

“We’re providing our international partner banks with real time updates when their payments are credited to NAB customer accounts, and our customers will soon have direct access to tracking of their international payments - and many more features.”

“NAB is making bold changes to its cross-border payments to significantly improve the customer experience, and leading the way with the adoption of API’s in an effort to address and exceed customer expectations.”

The API links the SWIFT gpi Tracker database with the bank’s systems, and subsequently integrates the tracking information to their client portals and applications.

“Adopting SWIFT gpi will fundamentally transform the way customers and financial institutions do cross-border payments, and NAB is proud to be a global leader in this initiative,” Mr Franklin said.

SWIFT Head of Payments Markets APAC, Michael Moon, said APIs have become core to banking infrastructure to meet customer needs.

“We’re delighted NAB is the first bank worldwide to adopt API technology to access the SWIFT gpi Tracker. They’re clearly committed to building a rich source of APIs to leverage SWIFT gpi capabilities on top of their SWIFT rails.”

“We look forward to building our ecosystem with NAB to enable opportunities for innovation and improved experiences for their customers,” Mr Moon said.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukvisit www.swift.com/your-needs/instant-paymentsVisit www.vasco.com

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
12728 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10877 views 4 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
9410 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8784 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
8696 views comments | 11 tweets | 14 linkedin