Today at the Paris Fintech Forum, SWIFT
announced that it has launched a Proof of Concept (PoC) of “gpi Link” which involves trialing a gateway to enable trade platforms to execute SWIFT gpi payments. Initially, gpi Link will be integrated with R3’s enterprise blockchain, Corda. GPI is SWIFT’s upgraded technology that provides greater transparency through the ability to track payments.
gpi Link is a departure for SWIFT where, in the past, the APIs have been available to member banks. Going forward gpi Link enables technology platforms, corporates and markets to initiate, track and confirm payments themselves via a special SWIFT gateway.
“With the gpi Link, banks will be able to provide rapid, transparent settlement services to e-commerce and trading platforms, opening up whole new ecosystems to the speed, security, ubiquity and transparency of gpi and enabling them to grow and prosper in the new digital economy,” said Luc Meurant, SWIFT’s CMO.
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