Overview

This section helps you to get familiar with key SWIFT features.

SWIFT supplies a standardized language that institutions use to communicate payment instructions and other info to each other. SWIFT uses a system of codes to detail where a transfer is coming from, where it is going, and how to get there. These strings of alphanumeric identifiers comprise an institution code, a country code, a location code, and a branch code.

The SWIFT Alliance interface allows:

• To communicate between financial institutions for their transactions.
• To exchange secured information between Temenos Transact and other external interfaces
• To process both the incoming and outgoing SWIFT messages in Temenos Transact.

System Requirements

• TAFJ – 202008 or above
• Temenos Transact – R20 with inflow runtime and Swift Alliance product installed