Swift head of Middle East, North Africa and Turkey Onur Ozan said, "I would like to congratulate the National Bank of Bahrain on being the first bank in the country to be certified for and go live on Swift gpi
. In doing so, it opens up a new corridor for gpi
payments and supports the strong adoption of Swift gpi
in this region.
Onur Ozan, Head of Middle East, North Africa and Turkey, SWIFT, said, "On behalf of SWIFT, I would like to congratulate the National Bank of Bahrain on being the first bank in the country to be certified for and go live on SWIFT gpi
for Corporates offers speed, certainty and a seamless cross-border payments experience for corporations that operate across different markets and time zones and in different currencies.
Of the 23 GPI
indicators, eight recorded an improvement, 12 had a deterioration, with the remaining three indicators not registering any change over the past year.
leverages cloud and API technologies to enhance the payment process even further.
Moderate State Support Record: Fitch assesses GPI
's support record as 'Moderate'.
The SWIFT gpi
technology is aimed at improving settlements between legal entities.
will be showcasing their tested and verified Sitecore Translation Services Connector at booth #707 as well as a range of translation and website localization services," says Natalie Williams, GPI
's Digital Marketing Manager.
In a statement, SWIFT stated that gpi
Observer Analytics provides will allow financial institutions to act on reliable and fact-based information to understand the current itinerary and speed of their payment instructions.
The banks are Maybank, Hong Leong Bank, CIMB Bank Berhad, Bank Islam, and Bank Rakyat, which will implement the gpi
service in the months to come.
The DBS SWIFT gpi
solution gives them online visibility to track payments across 62 gpi
banks across the globe and this is set to increase as more banks come on board."
KPMG's Growth Promise Indicators (GPI
) index has found that Qatar is in the top 20% of countries worldwide, and within the top 5% of countries within the Middle East and Africa (ranking third), based on productivity potential.