Universal Confirmations will go live in November 2020 and all FIN Users will be expected to provide a status update or Universal Confirmation to the SWIFT Tracker for the following typical scenarios:
SWIFT can detect non-compliance and as of 1st June 2021, they will apply sanctions by limiting access to the web-tracker tool and highlighting an organisation as non-compliant to other institutions.
At Aqua Global we can enable our customers to maximise the use of the mandatory SWIFT gpi and Universal Confirmations directive using e2gen. e2gen can deliver quick and cost-effective adoption of these initiatives without the need for expensive and time-consuming core system upgrades.
If any of the latest initiatives are affecting you, then contact Aqua Global today at email@example.com or call us on +44(0) 20 8544 3200.