Naval Group tap Kyriba for SWIFT gpi for corporates

Kyriba has announced that one of its clients, Naval Group, is now live with SWIFT gpi for Corporates, a cross-border payments feature from SWIFT. The payments feature, coupled with Kyriba’s secure payments solutions, empowers joint clients with greater transparency, and faster confirmation of sent and received payments. Naval Group, an international high-tech company and leader in naval defence systems, was among the first to complete a payment through the SWIFT gpi early adopter programme. SWIFT gpi offers another option for Kyriba clients to optimise their payments experience world-wide.

The SWIFT global payments innovation (SWIFT gpi) is the largest change in cross-border payments over the last 30 years. It is designed to improve the customer experience in cross-border payments by increasing their speed, transparency and end-to-end tracking. Hundreds of thousands of cross-border payments, totalling over US$300bn, are sent every day using the new gpi standard.

In the first half of 2019, Kyriba launched APIs with Citi for faster payments and with JP Morgan to enable real-time payments; and, in 2018, partnered with World First to increase the speed and transparency of cross-border payments and reduce transaction fees for its corporate clients in Europe.