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

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

Recorded Webinar: Entity identification and client lifecycle management – How financial institutions can drive $4 billion in cost savings

A new model in Legal Entity Identifier (LEI) issuance has created significant opportunities for financial institutions to capitalise on their KYC and AML due diligence. By becoming Validation Agents and obtaining LEIs on behalf of their clients, financial institutions can enhance their client onboarding experience, streamline their internal operations, and open the door to new,...

BLOG

TruNarrative Brings Identity Verification Solution to Small Businesses

Leeds-based Enterprise RegTech TruNarrative has launched a brand new, low-cost client verification and regulatory compliance solution for the legal, investment, accountancy and Rreal estate sectors in a bid to solve and streamline the KYC and KYB challenge for smaller firms. TruPortal is a platform designed specifically for low-volume users, offering KYC and AML solutions including AI-driven...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that brings together an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...