Incoming SWIFT solution
Yes, payments can be tracked from initiation to completion, via SWIFT GPI (global payments innovation) service, which provides real-time status tracking from initiation to confirmation using a unique Unique End-to-End Transaction Reference (UETR). You can access this through our collaboration center.
Our solution offers an efficient, reliable, and secure solution for managing incoming international wire transfers via SWIFT. Just share your institution’s Business Identifier Code (BIC), the beneficiary’s account number or local ID, full name and address with the sender. Convera acts as the correspondent, receiving and routing payments through the SWIFT network and crediting your account—once funds are available in your holding balance, PACS.008 (standard ISO 20022) messages are sent to the beneficiary ’s account.
Yes, we are constantly looking to add more capabilities and currencies based on our customers’ needs.
With Convera, your institution can offer customers the ability to receive cross-border funds — aligning with global standard practices. Convera clients can now receive international payments in an ISO20022 compliant way in a broad range of currencies, reducing the need for costly conversions and enhancing liquidity management.
SWIFT (Society for Worldwide Interbank Financial Telecommunications) is a global member-owned cooperative organization and the world’s leading provider of secure financial messaging services. SWIFT facilitates the exchange of financial information between banks and financial institutions worldwide.
Convera’s incoming payments solution via SWIFT was built to seamlessly connect FIs with the SWIFT network to receive payments with speed, transparency and security. A Swift incoming payment refers to the process of receiving an international wire transfer through the Swift network.
Convera is proud to offer this solution by expanding the number of currencies we can receive including GBP, ILS, JPY, NOK, SEK, CNY, DKK, HKD, AED, AUD, CAD, KWD, NZD and ZAR. This will bring the total number of currencies to15 reducing the need for costly conversions and enhancing liquidity management.