MANAMA: Ahli Bank United (AUB) has launched Swift’s global payments innovation service (Swift gpi).

A statement from the bank said Swift gpi transforms the cross-border payments experience for corporate treasurers. Payments processing is more efficient, shortening supply cycles, speeding up critical payments to minutes, and reducing lengthy and frustrating investigations.

“Through gpi, you can get a real-time, end-to-end view on your cross-border payment flows, improving your cash forecasting and optimising your liquidity. And gpi enables your bank to send you a confirmation notice when the money reaches your recipient’s account – providing certainty that the beneficiary has been credited,” AUB said.

“Through gpi, banks can provide their customers with full visibility on processing fees, exchange rate costs and processing times, meaning all parties can manage their finances and relationships accordingly – and make better decisions faster.

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