Overview

This section helps you to get familiar with key SWIFT features.

SWIFT supplies a standardized language that institutions use to communicate payment instructions and other info to each other. SWIFT uses a system of codes to detail where a transfer is coming from, where it is going, and how to get there. These strings of alphanumeric identifiers comprise an institution code, a country code, a location code, and a branch code.

The SWIFT Alliance interface allows:

  • To communicate between financial institutions for their transactions.
  • To exchange secured information between Temenos Transact and other external interfaces
  • To process both the incoming and outgoing SWIFT messages in Temenos Transact.

System Requirements

  • TAFJ – 202008 or above
  • Temenos Transact – R20 with inflow runtime and Swift Alliance product installed
For more information, see the respective product user guides of TAFJ and Inflow.

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Published on :
Tuesday, August 29, 2023 1:04:11 PM IST

Last Updated R23 AMR