SWIFT (Society for Worldwide Interbank Financial Telecommunications) is an international system that deals with the transfer of information about payment processes in the banking sector. This enables financial institutions around the world to exchange the necessary information in a secure manner.

SWIFT system contains two types of messages:

• System messages that are sent between the system and users
• Financial messages that are directed to users of the system

Our specialists have many years of experience in designing and implementing solutions for banks and financial organizations. In particular, the GTSolutions team has all the necessary skills to implement projects for the implementation of integrated software solutions:

• Construction and implementation of SWIFT message system
• Process improvement
• Resolution of special situations when making payments

Result: The use of this type of payment system has created conditions for interbank payments in real time, also for elimination of losses of capital during the calculations and for more flexible liquidity management. This has created an enabling environment for more effective monetary policy based on a market economy, and has enabled banks to obtain timely and reliable information for tighter market control.