Societe Generale has launched SWIFT gpi in nine additional countries: Belgium, Italy, Germany, Netherlands, Spain, Switzerland, and the UK in Europe, as well as Hong Kong and Singapore in Asia.
Having already launched in France and Monaco, SWIFT gpi enables the bank to grant clients access to the best experience for tracking and managing their cross-border payments. Features of the solution include increased processing speed of global payments, fee transparency, real-time payment tracking, and end-to-end payment information transfer.
Societe Generale joined the SWIFT gpi initiative in 2017. The solution covers payments issued and received by the bank in those 11 countries, denominated in euro or other global currencies. Corporate treasurers will soon have access to the gpi tracker through the SG Markets platform or via host-to-host reporting solutions.