SWIFT launches Transaction Watch

INFORMATION TECHNOLOGY

BRUSSELS -- Trading network provider SWIFT launched Transaction Watch in May. The product aims to improve the efficiency and reduce the cost of domestic and cross-border transactions.

Transaction Watch monitors and analyses "received" and "sent" messages against a set or sets of industry-defined best practice guidelines. It identifies non-compliant messages qualitatively and quantitatively and by source and destination.

Transaction Watch is an extension of SWIFT’s STP Watch product.

SWIFT said

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