Ebury joins SWIFT gpi to provide corporations with improved cross-border payments globally

Ebury, one of the fastest growing fintechs for corporate cross-border payments and growth lending, today announced its collaboration with SWIFT gpi, which allows corporations to monitor and view payments globally in real-time. SWIFT gpi has gained industry support across the globe with more than 110 global transaction banks taking part. Ebury is one of two non-bank organisations to join the service.

The corporate payments industry has historically lagged behind when it comes to technological advancements – the gpi Tracker and other gpi developments will drive innovation in this space. The ability to trace payments in real-time and same-day settlement will allow faster supply chain processing. In addition, corporate treasury departments will benefit from having real-time access to data which will enable them to better manage their cash-flow forecasting, supply chain finance, invoicing and risk management – hence allowing them more time to focus on profitability and managing the business in a more efficient and informed manner.

Mark Hewlett, Wholesale Banking Relationship Director, Ebury, states: “Our goal is always to simplify and improve the payment experience for our customers with key innovations. The gpi Tracker, will give treasurers the ability to take a more strategic approach to cross border payments. We look forward to being an active member of the gpi community and partnering with banks to make this the new normal for our customers – giving them the certainty they need to make and receive payments internationally”.

“We are pleased to welcome Ebury to SWIFT gpi, says Steve Gilderdale, Head of UK, Nordics and Ireland, SWIFT. gpi is an innovative solution enabling corporates to better manage their payments supply chain. Working with key non-bank participants, such as Ebury, adds a tremendous value that will help us grow the service across all payment channels”.

Ebury, set up in 2009 is one of the fastest growing  fintechs, employing over 500 staff with offices in eight European countries and raised over $120m of investment from the top technology investors. Headquartered in London, Ebury provides corporates with innovative international banking solutions aimed to help them trade globally. Ebury serves over 15,000 corporate clients with transactions in over 140 currencies. Ebury helps eliminate borders with financial services that are normally reserved for large companies with business funding for supply chain finance, tailored currency services, trade finance,  cash management and risk management solutions.

Also Ebury is quoted in the FT as one of Europe’s fastest growing fintech companies: https://ig.ft.com/ft-1000/ and  amongst the 17 leading start-ups in the Business Insider http://uk.businessinsider.com/uk-fintech-startups-1-billion-unicorns-2016-5. For more information about Ebury please visit: https://www.ebury.com/about-us/

SWIFT is a global member-owned cooperative and the world’s leading provider of secure financial messaging services. We provide our community with a platform for messaging, standards for communicating and we offer products and services to facilitate access and integration; identification, analysis and financial crime compliance. Our messaging platform, products and services connect more than 11,000 banking and securities organisations, market infrastructures and corporate customers in more than 200 countries and territories, enabling them to communicate securely and exchange standardised financial messages in a reliable way. As their trusted provider, we facilitate global and local financial flows, support trade and commerce all around the world; we relentlessly pursue operational excellence and continually seek ways to lower costs, reduce risks and eliminate operational inefficiencies. Headquartered in Belgium, SWIFT’s international governance and oversight reinforces the neutral, global character of its cooperative structure. SWIFT’s global office network ensures an active presence in all the major financial centres. For more information, visit www.swift.com or follow us on Twitter: @swiftcommunity and LinkedIn: SWIFT