BankServ Enables Union Bank of India to meet SWIFTNet Deadline
Union Bank of India has successfully completed a major SWIFT infrastructure upgrade to meet SWIFT’s deadline for SWIFTNet Phase 2 readiness. The bank went live on the latest version of BankServ’s TurboSwift and TurboRMA solutions to manage all domestic and international payments in time for the mandatory SWIFTNet C1 country deadline. The bank uses the proven, secure SWIFT network for transmitting domestic and international payment messages. However, as part of the SWIFTNet Phase 2 infrastructure upgrade, there was a requirement to update the bank’s existing TurboSwift installation. The SWIFTNet Phase 2 upgrade was completed by Synergy Login Systems, BankServ’s distribution and support partner in India.