London – 17th October 2024, Validata Group, announces that they have joined the SWIFT Partner Programme, further advancing its mission to deliver end-to-end, AI-powered automated reconciliation and no-code test automation capabilities for compliance with ISO 20022.
Validata provides an all-in-one, SaaS, unified platform AI-powered and CBPR+ ready, for continuous, end-to-end reconciliations, data consolidation, transaction-level matching, payment investigations, case and exception management, eliminating reliance on outdated monolithic systems or excel-based unmatched data. It automates case creation by automatically parsing SWIFT messages (both MT and MX), enables, faster and accurate payments investigation and improves your exception processing efficiency.
This ‘super app’ is system and data-agnostic and harnesses Validata’s ‘build for change’ technology to test, connect, reconcile, and monitor any and all data and processes, reducing . It enables enterprise-level reconciliation (Cash & Payments, Nostro/Vostro, bank account, Fund reconciliations, intersystem etc), and no-code automated testing of financial messages at scale, transforming the landscape of cross-border payments, and delivering new standards in traceability, transparency and efficiency.
The goal of the collaboration with SWIFT, is to develop mutually agreed quality guidelines as well as APIs for embedding Swift services into customer journeys to help increase transparency, simplicity and security. Banks can rapidly adopt new services, payment rails, API specifications and standards and always benefit from the latest innovations in the payment ecosystem. Organisations can also benefit by having access to secure and enriched real-time payment data that offer valuable insights and additional revenue streams to support their business.
Vaios Vaitsis, Founder & CEO of Validata Group, commented, " As real-time cross border payments and ISO 20022 become the new norm, our partnership with SWIFT aligns with our commitment to providing trusted, next-generation solutions for our clients and help them navigate the complexities of this rapidly changing landscape with confidence. We are transforming how financial institutions handle complex payment data, delivering faster, more accurate results and real-time insights, while reducing manual effort and operational overheads."