INA, Plc. signs with IntellectEU for use of innovative payment tracking solution payLOCATOR.
The intensive development of the global financial system continually generates new requirements for greater payment speed and transparency. As such, immediate and secure access to up-to-date information on the execution of payments has become critical.
Today, IntellectEU is pleased to announce that INA, Plc. has signed an agreement for the installation of payLOCATOR. The advanced solution enables clients to track their payments across the entire correspondent banking chain, and share payment information from the system with business partners via a secure and unique trustline schema.
The use of this solution will offer far more efficient settlement processes and transparency to INA, its partners, and its customers, streamlining operations and enhancing trust. IntellectEU is confident that the partnership will help the company in meeting the challenges of the current market, and with harnessing all of the benefits provided by modern innovative technologies such as the SWIFT gpi for corporates solution (g4c).
Increased access to payment information is one of the main reasons why the SWIFT g4c project has become increasingly popular among companies working with cross-border payments. In response to the growing popularity of g4c, Digital Finance and Emerging Technology firm IntellectEU launched payLOCATOR, which is certified by SWIFT as compatible with SWIFT g4c.
In addition to tracking payment information, payLOCATOR also monitors and reports on charges and currency exchange rates.
The product also easily integrates with existing solutions via an API, meaning minimal implementation costs for businesses. And the dashboard allows corporates connected to payLOCATOR to see the movement of payments in real time, from inception right through to the crediting of the beneficiary account.