CBA, a global provider of banking IT solutions and services, is delighted to announce that its IBAS GPF has been awarded the SWIFT Compatible Application Payments Label for 2020.
SWIFT Compatible Application labels are awarded exclusively to providers that deliver quality services and products to their customers while acting in accordance with the highest professional standards. This latest award validates CBA’s ongoing commitment towards adopting and sustaining industry standards across the entire global payments industry.
CBA has been a long-term partner of SWIFT. IBAS was the first solution to receive the SWIFTReady Gold Multi-Markets label in 1998, and was revalidated by SWIFT for each consecutive year until they phased it out in 2009 when it was replaced with SWIFTReady labels, followed by the SWIFT Certified Application labels and now the SWIFT Compatible Application labels.
Developed using the latest technology, (the microservices-based architecture employs reusble components), IBAS GPF provides the flexibility, scalability and openness to deploy one single payment engine across an entire institution. The solution removes geographical and technological constraints, and supports a multi-branch, multi-entity and/or a global multi-country set-up, with simple integration to other key systems. It will handle any country, currency, language, bank, branch, division, product, time-zone, clearing system, accounting system, payment type, message type, entity and channel.
Banks are continually pressured to improve efficiency, achieve connectivity with a variety of systems and gain compliance with regulatory standards. Over the years, CBA has worked closely with SWIFT to offer payments solutions and services to our bank customers based on the highest quality standards. Our SWIFT Compatible Application Payments label accreditation demonstrates CBA’s ongoing commitment to delivering solutions that help customers effectively connect and fully automate their global payment operations, reduce the cost per transaction, and enable them to meet with ongoing industry and customer demands.
IBAS GPF reflects a vast experience in global banking markets; its functionality is continually upgraded. For more information, go to IBAS GPF - Global Payments Factory.