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GPI Tracker system
April 1 , 2018
2429 days
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- Secure financial messaging services provider SWIFT has expanded the GPI (Global Payment Innovation) Tracker system to help banks track their global transactions at all times, keeping full vigil on the payments activity.
- The expansion of GPI Tracker will cover all payment instructions sent across the network and give them full visibility over all their payments activity.
- From November 2018, GPI Tracker system i.e. unique end-to-end transaction reference will be included in all payment instructions carried between all 11,000 customers on SWIFT at all times, across more than 200 countries and territories.
- SWFIT GPI was launched in May 2017 to help banks to track their global transactions at all times, keeping full vigil on payments activity.
SWIFT (Society for World Interbank Financial Telecommunication System) platform
- SWIFT is global financial messaging service that enables financial institutions worldwide to send and receive information about financial transactions in secure, standardized and reliable environment.
- It was founded in 1973 and is headquartered in La Hulpe, Belgium. It is used to transmit messages relating to cross border financial transactions.
- It is a cooperative society under Belgian law owned by its member financial institutions with offices around the world.
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