Technically

Enabling SWIFT
gpi & Universal
Confirmations
You just need to decide what connectivity
best fits your strategy

What is the SWIFT Payment Tracker?

The Tracker operates as a SWIFT-managed application that
extracts selected information from in- scope MT Payment
messages and sends the data to the Tracker. Bottomline’s
customers can leverage our technical connectivity to update and
engage with the Tracker - you can choose support for one or all of
the below:

Access to the SWIFT Tracker User

Interface over our secure connection

A File Upload service for

the Confirmations

Access to the SWIFT Tracker

using our API

bottomline.com
 Features & Benefits of Bottomline’s SWIFT
gpi & Universal Confirmation Technical
Solutions:
• Gain direct access to SWIFT gpi tracker database, via a Graphical User Interface
(GUI), FIN messages or API.

- GUI access via the bureau Gateway and SWIFTNet Web Access, leveraging
the Multi Factor Authentication service provided by Bottomline today.
- FIN messages to update and receive status messages, configured for
integration to your payment systems.
- APIs via the GPI Connector hosted on our Bureau Gateway with ongoing
support with no requirement to install the software themselves. The license
is valid for both SWIFT gpi or Universal Confirmations.
• Set up and ordering support.

• Testing and go live.

• Ongoing maintenance and availability via our Gateway.

• Configuration support for speed to market.

- We will work with you to identify and implement the changes to you
messaging to ensure compliance with the GPI rulebook.
- Including additional fields, new code words and additional data required.
• Integrated with your existing payment flows

- New message flows.

- Modify existing flows.
• Derive the full value of SWIFT gpi data without re-engineering your back office

- Using our transformation services to avoid making significant change to

your systems to support the new messaging requirements.

What is SWIFT gpi and how will it improve

Cross Border Payments?
SWIFT gpi ensures that international payments meet the industry’s need for speed
(banks can carry out transactions in real-time - 30 mins’ max from sending to receipt
of funds) tracking (using IS0 20022 standard) and transparency (foreign exchange
rates, transaction fees, amounts sent, confirmation of receipt of funds etc.)

2
Why should banks, FIs and Corporates
prioritise SWIFT gpi implementation?
• Universal Confirmations: by the end of 2020, every single SWIFT customer
payment (MT 103 on FIN) will require a confirmation that the funds have been
credited to the end beneficiary account.

• You can’t afford to NOT be a part of the SWIFT gpi network: More than
760 banks have signed-up to the SWIFT gpi service, with the capability to
channel payments into over 2242 country corridors and 150+ currencies. Every
day, banks send the equivalent of over $327 billion in value and 70+ of SWIFT’s
17 million daily messages.

• You have to be in it, to win it: There is a predicted $10T opportunity in the global
high value cross-border payments space according to a survey commissioned
by Visa, with almost six-in-ten respondents (59%) expecting overall revenues
from cross-border payments to increase in the next five years as a result of
faster payments. Nearly a quarter of respondents (24%) expect to see faster
payments drive up revenues by as much as 25%.

• Your customers are demanding it: Corporate customers have threatened to

switch banks if they don’t get it e.g. 100% of corporate customers that BNP
Paribas onboards all ask for details on what SWIFT gpi offerings are available.

• SWIFT gpi can improve your operational efficiency: SWIFT gpi has the
potential to improve an institution’s internal processes and save them valuable
money and resources. Added transparency will enable your customers to ‘self-
serve’ - “it eliminates manual intervention and reduces customer investigations
by 50 percent, saving on the cost of resources” (SWIFT Global Payments
Innovation Report, August 2018).

• There is also the opportunity to build new services and revenue streams: By
leveraging the tracker data and solving for IS0 20022, financial
institutions can offer more innovative solutions such as real-time payments and
open banking.

What are Universal Confirmations and how

are they different to SWIFT gpi?
Universal Confirmations is a SWIFT mandate that needs to be met by November
2020 (available since November 2019) which requires every single customer
payment (MT 103 on FIN) has a confirmation that the funds have been credited to
the end beneficiary account.

Confirming payments gives you access to the Basic Tracker. Through the basic
tracker you will be able to see the status of your inbound and outbound payments,
have visibility of when clients are credited and the confirmed amount. This can be of
significant value to your client service teams that are looking to improve customer
experience and deliver faster, and clearer reconciliations of payment queries.
3
 Universal Confirmations - Nov 2020 deadline
for every single SWIFT customer payment
requiring a confirmation that the funds have
been credited to the end beneficiary
account.

760 banks+ have signed-up to the SWIFT gpi

service, channelling payments into over 2242
country corridors and 150+ currencies.

Every day, banks send the equivalent of over

$327 billion in value and 70+ of SWIFT’s 17
million daily messages

Predicted $10T opportunity in the global high

value cross-border payments space
Contact Bottomline today to find out
how we can partner you to success

Conclusion
CONTACT US
Bottomline’s agile technology supports multiple options for connectivity to the
SWIFT Tracker that meet each customer’s strategic objectives. By having the
flexibility to choose multiple options, Bottomline will enable you to reduce costs
and gain speed to market.

About Bottomline Technologies

Bottomline Technologies (NASDAQ: EPAY) makes complex business payments simple, smart and secure. Corporations
and banks rely on Bottomline for domestic and international payments, efficient cash management, automated workflows
for payment processing and bill review, and state of the art fraud detection, behavioral analytics and regulatory compliance
solutions. Thousands of corporations around the world benefit from Bottomline solutions. Headquartered in Portsmouth, NH,
Connect with us Bottomline delights customers through offices across the U.S., Europe, and Asia-Pacific.

For more information, visit www.bottomline.com

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