Payment Routing Data, Instantly Available
Our file-based solution enables clients to automatically make daily updates to data within core banking or other payment processing platforms. Manual operations teams can use our online look-up tool to quickly research information.
Our solutions provide everything you need to route payments efficiently:
SWIFT/BICs
Standard settlement instructions (SSIs)/correspondent banking details
Clearing system details
National bank codes
Bank branch names and addresses
Avoid payments failures by staying on top of changing rules
Our analysts proactively update payments data on milestone dates, and reactively as information changes. Clients using file-based solutions can receive updated information every day, and users of our online tools receive updates instantly. This means that if a SWIFT/BIC or SSI becomes inactive, for example, clients can avoid a large volume of payments failing.
Ensure correct payment routing with correct standard settlement instructions
With Bankers Almanac Payments, clients maintain access to up-to-date Secure Settlement Instructions (SSIs), ensuring they meet the exact requirements of beneficiary and correspondent banks for cross-border payments. Getting this right reduces the risk of a correspondent bank friction and settlement risk.Reduce payments costs by using domestic clearing systems
Our solutions provide payment routing details for 190 domestic payment networks including emerging markets. Using domestic clearing systems to cover the ‘last mile’ of a payment may reduce transaction costs compared to routing directly through the SWIFT network.
Moreover, local language bank name and addresses are available for 13 counties that require this information, including China, Russia, and more.
Contact financial institutions to resolve payments issues
Payments Data Enrichment
Validate Account and Bank Details
Check payments instructions for errors and gaps to avoid failed payments.
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