Swift has introduced an enhanced solution to speed up investigations of cross-border payment issues.
The new Case Management service aims to reduce costs and delays associated with investigating delayed payments.
By using ISO 20022 data and the unique end-to-end transaction reference standard (UETR), the service streamlines investigations across technologies and infrastructures.
Swift's solution could potentially save the financial industry over $600 million annually in operational and liquidity costs and cut resolution times by up to 80%.