BELLIN, a subsidiary of Coupa Software and global leader in treasury software and services, today announced that it is the first company to receive the Compatible Application SWIFT gpi for Corporates label. The new label, awarded to BELLIN in August 2020, is recognition from SWIFT that BELLIN’s tm5 treasury management system meets all technical and functional requirements related to the integration of SWIFT’s gpi for Corporates technology and provides market transparency for customers.
The need for a certification that identifies which companies are safest for initiating gpi payments directly in their treasury management system is critical for building trust. As a result, BELLIN and SWIFT ran a pilot project to develop this new label and collaborated to determine the system integration requirements and conduct the certification. The goal of the certification is to provide a reliable list of companies that meet these rigid criteria, so companies can have full transparency and fast processing when tracking funds.
“Working with SWIFT to bring continued innovations in global payments associated with the gpi project to businesses is an honor,” said Karsten Kiefer, Product Manager Solution Management at BELLIN. “Becoming the first company to achieve the Compatible Application SWIFT gpi for Corporates certification is exciting not only for us but our customers as well. It is another reassurance to them that we are committed to being the safest way to transfer money.”
The collaboration on this new designation heralds another in a long line of pioneering achievements for BELLIN in its work with SWIFT. BELLIN has once again demonstrated its capacity to innovate and its speed in integrating new technologies. BELLIN was the first TMS provider among the SWIFT gpi for Corporates Early Adopters with a customer live on gpi technology, enabling the customer to initiate gpi payments using tm5 and receive and process UETR status messages, and the first TMS provider to launch a SWIFT gpi for Corporates product offering. BELLIN was also the first authorized service provider to be allowed to conduct the mandatory independent CSP Assessment which must be carried out from 2021 as part of SWIFT’s Customer Security Programme.
More information on the BELLIN SWIFT Service can be found at: https://www.bellin.com/products/services/bellin-swift-service/