Oracle, SWIFT deliver cross-border payments for business

Friday 9 October 2020 13:17 CET | News

Oracle Banking Payments has announced that it is supporting SWIFT's latest service which offers global cross-border payments for small and medium enterprises and consumer markets.

As banks are managing their ISO 20022 migrations and implementing new services within the API program, Oracle has been investing in its solutions and supporting key industry initiatives. 

With Oracle Banking Payments' built-in integration with the new SWIFT service, banks can meet the dynamic cross-border payment needs and lower the total cost of ownership.

With the addition of SWIFT's new account-to-account service for consumers and SMEs, they will also be able to offer competitively priced cross-border payments from account-to-account.

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Keywords: Oracle, SWIFT, cross-border payments, business, banks
Categories: Banking & Fintech
Countries: World
This article is part of category

Banking & Fintech