NBK joins the growing list of banks using ACI – the first certified
vendor of SWIFT gpi solutions – to deliver the new de facto standard in
global payments
NAPLES, Fla.--(BUSINESS WIRE)--Jan. 2, 2019--
ACI
Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic
payment and banking solutions, today announced that National Bank of
Kuwait (NBK) has successfully launched SWIFT Global Payments Innovation
(gpi) services for its customers, utilizing the built-in gpi
capabilities that are integrated into ACI’s flexible, global payments
engine. NBK customers can now benefit from same day transfer and use of
funds, reduced timelines and greater transparency.
NBK, a pioneering bank in Kuwait and the Middle East and a long-time ACI
customer, achieved the milestone through upgrading its existing
implementation; joining a growing global gpi community that now includes
nearly 300 banks. SWIFT gpi has quickly become the new de facto standard
in global payments, with member banks able to send and receive funds
quickly and securely to anyone, anywhere in the world, with full
transparency over where a payment is at any given moment. With the new
integration, NBK continues to strengthen its position to develop
value-add services for customers that leverage the enriched data
available as part of the new format.
ACI Worldwide, the first certified vendor of SWIFT
gpi solutions and a SWIFT partner for more than twenty years,
enables banks around the world to take full advantage of real-time, cross-border
payment opportunities with a direct connection into the SWIFT
central database to monitor inbound and outbound gpi transactions. The
gpi Data Service and gpi Connect capabilities are available as part of
ACI’s UP Real-Time
Payments solution and ACI Money Transfer System.
“Effectively leveraging the richer data of SWIFT gpi messages will allow
NBK to further optimize the customer experience and differentiate
against competitors,” said Craig Ramsey, Head of Real-Time Payments, ACI
Worldwide. “NBK now delivers customers greater transparency and
traceability in cross-border transactions, which facilitates better
communication and reconciliation for the bank’s customers.”
“NBK is committed to maintaining its leading position in Kuwait through
ongoing technological innovations – and this means improving efficiency
and adopting the latest advancements to offer better services to
customers through the implementation of SWIFT gpi,” said Mohammed
Al-Khorafi, General Manager – Operations Group, NBK. “ACI’s certified
gpi module enabled us to configure ACI’s Money Transfer System and lead
as the first bank in Kuwait, and one of the first in the wider MENA
region, to become a SWIFT gpi member bank.”
“ACI has proven to be a reliable and trustworthy partner for NBK,
handling payment processing and fraud prevention for high-value
transaction banking services,” added Manish Patel, vice president, ACI
Worldwide. “Our SWIFT gpi capabilities are increasingly used by banks
across the globe; for NBK specifically, our regional support team proved
invaluable in delivering remote and on-site support to achieve this
significant milestone.”
To learn more about SWIFT gpi, please visit: ACI
SWIFT gpi solutions
About ACI Worldwide
ACI Worldwide, the Universal
Payments (UP) company, powers electronic
payments for more than 5,100 organizations around the world. More
than 1,000 of the largest financial institutions and intermediaries, as
well as thousands of global merchants, rely on ACI to execute $14
trillion each day in payments and securities. In addition, myriad
organizations utilize our electronic
bill presentment and payment services. Through our comprehensive
suite of software solutions delivered on customers’ premises or through
ACI’s private
cloud, we provide real-time, immediate
payments capabilities and enable the industry’s most complete omni-channel
payments experience. To learn more about ACI, please visit www.aciworldwide.com.
You can also find us on Twitter @ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2018.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190101005003/en/
Source: ACI Worldwide
Dan Ring
Email: dan.ring@aciworldwide.com
Phone:
+1 (781) 370-3600
Christopher Taine
Email: christopher.taine@aciworldwide.com
Phone:
+49 (0) 89 45230 557
