CBA is delighted to announce that its IBAS GPF has been awarded the SWIFT Compatible Application Payments Label for 2022.

From being the first solution to receive the SWIFTReady Gold Multi-Markets label in 1998 through to this year’s SWIFT Compatible Application label, CBA has been a long-term partner of Swift and has remained committed to adopting and sustaining industry standards across the entire global payments industry.

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.  The latest version of IBAS GPF is fully compliant with the new SWIFT ISO 20022 Payment message standards (MX messages) which will now come into effect in March 2023.

IBAS GPF is developed using the latest technology and 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.

Banks are continually pressured to improve efficiency, achieve connectivity with a variety of systems and gain compliance with regulatory 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