Date: 18/10/2024
Swift has long been a trusted entity at the heart of the global financial industry, providing secure and reliable financial messaging services worldwide. As global trade continues to evolve, Swift’s pivotal role in shaping the future of trade finance remains essential. Now, with the introduction of Swift APIs for guarantees, Swift is setting a new standard for modern connectivity, offering faster, more structured communication across the industry.
At Komgo, we are proud to integrate Swift's APIs for trade guarantees– which are open, ISO 20022-compatible and have been developed in collaboration with the International Chamber of Commerce - into our communication channels. Komgo’s business applications have become the go-to solution for corporates and banks seeking to automate, manage, and streamline trade finance activities. With unrivaled features like credit line management, bank automatic selection, fee calculation, custom reports, intelligent alarms, the addition of Swift’s APIs further enhances Komgo’s extensive reach.
In another significant development that aims to simplify trade finance, Komgo has adopted Swift's NOSU solution, which enables any Komgo corporate client to communicate with banks via the Swift network, using Komgo’s proprietary Swift key.
