Development in tm5, BELLIN’s treasury management system, has been completed. In a next step, bilateral communication between tm5 and the SWIFT Network as well as with the customers’ banks will be tested. The project is another example of BELLIN spearheading product development as an early adopter. The SWIFT g4C technology based on MT101 messages will be made available to all BELLIN customers with Release 19.1 in April 2019. With the new release, it will become very easy to start using g4C. Companies simply need to register their SWIFT BIC for g4C and select a bank from their portfolio that offers g4C.
SWIFT gpi for corporates (g4C)
The SWIFT g4C project aims to speed up cross-border, global payments by corporates and create complete transparency and visibility regarding payment status and fees. Over 280 banks in more than 200 countries will make the technology available. A tracking feature will enable companies to track payments throughout the entire chain of correspondence. SWIFT g4C technology integrated in tm5 provides BELLIN customers with a dedicated payment reference, i.e. a unique transaction reference (UETR) for gpi payments. Currently, about half of all gpi payment orders reach the beneficiary within five minutes and 95 percent arrive within a day.
“BELLIN and SWIFT share a passion for technology and the development of services that are inspired by customer requirements”, explains Karsten Kiefer, Product Manager SOLUTION MANAGEMENT at BELLIN. “With some of our customers piloting the solution, we’re proud to make it available to all of our 150 BELLIN SWIFT Service customers soon, enabling them to process payments as SWIFT gpi payments: fast, traceable and transparent.”
BELLIN is the global leader in technology for corporate banking and treasury. We provide solutions for the financial sector, catering to a range of clients from large multinationals to SMEs and banks. Founded by a treasurer, BELLIN has been championing innovation and out-of-the-box thinking since 1998. With the treasury software tm5 as the centerpiece, BELLIN makes a fundamental difference by offering solutions that zero in on the relationship between corporates and banks and cover everything from payments to FX, cash and risk management. BELLIN is an international company with offices on four continents, powered by a trailblazing fintech spirit and yet firmly rooted in the heritage of German craftsmanship and engineering. BELLIN delights 500 clients and over 80,000 users around the globe.
Telefon: +49 (7822) 4460-0
Telefax: +49 (7822) 4460-29
Telefon: +49 (7822) 4460-0
MARKETING & PR
Telefon: +49 (7822) 4460-668