ACI Worldwide Propels National Bank of Kuwait to Become Country’s First Bank to Implement SWIFT gpi
January 02 2019 - 2:00AM
Business Wire
NBK joins the growing list of banks using ACI –
the first certified vendor of SWIFT gpi solutions – to deliver the
new de facto standard in global payments
ACI Worldwide (NASDAQ: ACIW), a leading global provider of
real-time electronic payment and banking solutions, today
announced that National Bank of Kuwait (NBK) has successfully
launched SWIFT Global Payments Innovation (gpi) services for its
customers, utilizing the built-in gpi capabilities that are
integrated into ACI’s flexible, global payments engine. NBK
customers can now benefit from same day transfer and use of funds,
reduced timelines and greater transparency.
NBK, a pioneering bank in Kuwait and the Middle East and a
long-time ACI customer, achieved the milestone through upgrading
its existing implementation; joining a growing global gpi community
that now includes nearly 300 banks. SWIFT gpi has quickly become
the new de facto standard in global payments, with member banks
able to send and receive funds quickly and securely to anyone,
anywhere in the world, with full transparency over where a payment
is at any given moment. With the new integration, NBK continues to
strengthen its position to develop value-add services for customers
that leverage the enriched data available as part of the new
format.
ACI Worldwide, the first certified vendor of SWIFT gpi
solutions and a SWIFT partner for more than twenty years, enables
banks around the world to take full advantage of real-time,
cross-border payment opportunities with a direct connection into
the SWIFT central database to monitor inbound and outbound gpi
transactions. The gpi Data Service and gpi Connect capabilities are
available as part of ACI’s UP Real-Time Payments
solution and ACI Money Transfer System.
“Effectively leveraging the richer data of SWIFT gpi messages
will allow NBK to further optimize the customer experience and
differentiate against competitors,” said Craig Ramsey, Head of
Real-Time Payments, ACI Worldwide. “NBK now delivers customers
greater transparency and traceability in cross-border transactions,
which facilitates better communication and reconciliation for the
bank’s customers.”
“NBK is committed to maintaining its leading position in Kuwait
through ongoing technological innovations – and this means
improving efficiency and adopting the latest advancements to offer
better services to customers through the implementation of SWIFT
gpi,” said Mohammed Al-Khorafi, General Manager – Operations Group,
NBK. “ACI’s certified gpi module enabled us to configure ACI’s
Money Transfer System and lead as the first bank in Kuwait, and one
of the first in the wider MENA region, to become a SWIFT gpi member
bank.”
“ACI has proven to be a reliable and trustworthy partner for
NBK, handling payment processing and fraud prevention for
high-value transaction banking services,” added Manish Patel, vice
president, ACI Worldwide. “Our SWIFT gpi capabilities are
increasingly used by banks across the globe; for NBK specifically,
our regional support team proved invaluable in delivering remote
and on-site support to achieve this significant milestone.”
To learn more about SWIFT gpi, please visit: ACI
SWIFT gpi solutions
About ACI Worldwide
ACI Worldwide, the Universal Payments (UP) company,
powers electronic payments for more than 5,100
organizations around the world. More than 1,000 of the largest
financial institutions and intermediaries, as well as thousands of
global merchants, rely on ACI to execute $14 trillion each day in
payments and securities. In addition, myriad organizations utilize
our electronic bill presentment and payment services.
Through our comprehensive suite of software solutions delivered on
customers’ premises or through ACI’s private cloud, we provide
real-time, immediate payments capabilities and enable the
industry’s most complete omni-channel
payments experience. To learn more about ACI, please visit
www.aciworldwide.com. You can also find us on
Twitter @ACI_Worldwide.
© Copyright ACI Worldwide, Inc. 2018.
ACI, ACI Worldwide, ACI Payment Systems, the ACI logo, ACI
Universal Payments, UP, the UP logo, ReD, PAY.ON and all ACI
product names are trademarks or registered trademarks of ACI
Worldwide, Inc., or one of its subsidiaries, in the United States,
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Dan RingEmail: dan.ring@aciworldwide.comPhone: +1 (781)
370-3600Christopher TaineEmail:
christopher.taine@aciworldwide.comPhone: +49 (0) 89 45230 557
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