SWIFT Identifies New Ways For Banks To Simplify Payment Routing Data - New Paper Outlines Opportunities To Rationalise Bics And Centralise The Internal Routing Of Payments

SWIFT today announces the publication of a new paper discussing opportunities for banks to streamline their internal routing practices. The paper highlights how some banks used the transition to SEPA as an opportune moment to simplify their internal routing practices – and how upcoming initiatives may present similar opportunities.