- International banking technology company Veritran announced a collaboration with financial messaging services company Swift.
- As part of the collaboration, Veritran has joined the Swift Partner Programme.
- Headquartered in Argentina, Veritran made its Finovate debut at FinovateFall 2021.
A new collaboration between Veritran and financial messaging services innovator Swift will empower financial institutions to provide an enhanced and streamlined cross-border payments experience for customers. As part of the collaboration, Veritran has joined the Swift Partner Programme, which will give its customers access to a variety of Swift solutions to increase the transparency and security of cross-border payments.
“Collaborations such as this are improving the experience for those sending payments cross-border, while also increasing transparency and security to improve the ecosystem as a whole,” Swift Global Head of API Acceleration Juan Carlos Botrán said. “It’s vital that industry players work together in this way to overcome increasing fragmentation in the cross-border payments landscape.”
An international banking technology company, Veritran will benefit from access to Swift solutions such as the Swift GPI Tracker, Payment Pre-validation, and SwiftRef. Swift GPI Tracker enables users to check the status of cross-border payments. Payment Pre-validation validates beneficiary data before the payment is sent. SwiftRef is Swift’s payments reference data solution, which streamlines payment operations and helps users easily find the data sets they need in a single location.
“This agreement is designed to align with the changing market demands, prioritizing the need for speed and flexibility with a more transparent and consistent pricing structure for users, the retail sector, small and medium-sized enterprises (SMEs) and large corporates,” Veritran CCO Marcelo Fondacaro said. “At Veritran, we’re fully committed to leading the charge towards an innovative future in international payments.”
Founded in 2005, Veritran made its Finovate debut at FinovateFall 2019 in New York. The company returned to the Finovate stage two years later for FinovateFall 2021. At the conference, Veritran demonstrated how to leverage its enterprise low-code platform to build solutions like its white-label digital wallet. The platform provides optimum time-to-market, boosting development times by 33%; a memorable UX; unlimited integration and scalability; and bank grade security.
Veritran maintains headquarters in Spain and the U.S., as well as in Buenos Aires, Argentina. The company has a major presence in Latin America, with offices in Mexico, Guatemala, Colombia, Peru, Brazil, Bolivia, Chile, and Paraguay.