Swift, the financial messaging service, has launched a new version of its Bankers World Online directory, which includes added information to aid international payments.
The database, which includes the global payments reference platform SWIFTRef, "has been significantly upgraded" with information, including data from Reuters, Dun & Bradstreet, and Moody's, as well as with "new intuitive features and functionalities," according to an April 25 press release.
Among the new references added to the directory are: Business Identification Codes, International Bank Account Numbers, Legal Entity Identifiers, and national bank codes. Other datasets will enable users to facilitate international payments, fulfill new reporting requirements, access financial information from market data vendors or credit rating agencies that contain shareholder and balance sheet information.
"With the new Bankers World Online, SWIFTRef is building on its traditional strength in payment reference data," in new areas, such as counterparty risk and regulatory reporting, to meet growing demand for such data, said Stephen Gilderdale, head of new business development at Swift.
Among other services Bankers World Online offers financial institutions access to information they need to populate domestic, SEPA and international payments, assess regulatory reports and manage counterparty risk.