The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Accuity Enhances SSI Presentment in the Global Banking Resource

Share article

Accuity, a provider of payment routing data, AML screening software and services is pleased to introduce new enhancements that have been made to its industry leading online payment look up tool, the Global Banking Resource (TGBR). The Correspondents page on TGBR has been reconfigured to allow users to more easily associate correspondents with specific beneficiary Swift/BIC or CHIPS UID payment codes.

The improvements to TGBR’s Correspondent page provide one click access to additional payment data, such as correspondent type and information about the institution holding the account, to further assist users with their payment needs. By providing the specific Swift/BICs to include in the correspondent payment instructions on a single screen, TGBR saves users time and helps ensure that payment instructions are set up correctly. In addition, having direct access to correspondent/SSI types will allow users to pinpoint the SSI they need for a specific payment type, reducing payment failures and saving money on repair costs and returned item fees.

“We are continuously looking for ways to improve our solutions and provide our customers with additional benefits from the use of our tools,” said Brent Newman, managing director of Accuity’s product and data teams. “This enhancement to TGBR makes our Correspondent data even easier to use. It’s another way that Accuity is leveraging what has become the industry’s Golden Copy of payment data and putting that unrivalled information to work for our customers.”

Related content

WEBINAR

Upcoming Webinar: Data Standards – progress and case studies

Date: 10 November 2020 Time: 10:00am ET / 3:00pm London / 4:00pm CET Global data standards and identifiers are essential to business growth, market stability and cost reduction – but they can be challenging to implement, while a lack of consistency across jurisdictions has presented obstacles to global take-up. However, with regulators starting to sit...

BLOG

FCA: UK Banks Are Failing in Their AML Approach

UK banks are not taking anti-money laundering controls seriously enough, with some still viewing AML protections as unnecessary. This was the concern raised by Financial Conduct Authority (FCA) director of enforcement and market oversight Mark Steward, speaking to reporters at the FCA annual public meeting last week – and the regulator is ready to crack...

EVENT

TradingTech Summit London

The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...