Natixis, the asset management arm of France’s Groupe BPCE, has introduced a new service dubbed My Tracked Transfer to track international payments in real-time.
Powered by SWIFT gpi technology, the new service also enables firms to optimise their treasury management.
Go deeper with GlobalData
In order to track transactions, the service leverages Natixis-generated unique identification number.
Transactions are monitored step-by-step through the service, offering insight on the initial amount, transferred amount, as well as the fees levied by intermediary banks.
Natixis corporate and investment banking global head of trade and treasury solutions Anne-Cécile Delas said: “My Tracked Transfer enables our clients to optimise their treasury management, providing payment transparency and security right from issue to receipt.
“This innovation is part of Natixis’ broader strategy to modernise international payments.”
Clients can access the service through the Natixis Trade & Treasury Solutions portal.
They do not require IT development to use the service and will have their transactions monitored through it, irrespective of the channel.
In September this year, Natixis Payments partnered with SWIFT to offer connectivity to TARGET Instant Payment Settlement (TIPS).
TIPS is a pan-European service for instant payment settlement. The service was launched last month and is said to facilitate payment settlement in less than 10 seconds.
