Technology

Union Bank of India completes Swift infrastructure upgrade

BankServ, an electronic payments facilitator, has announced that Union Bank of India has successfully completed a Swift infrastructure upgrade to meet Swift's deadline for SwiftNet phase II readiness.

CBR Staff Writer September 17, 2007

The bank went live on the latest version of TurboSwift and TurboRMA solutions to manage all domestic and international payments in time for the mandatory SwiftNet C1 country deadline.

The bank uses the Swift network for transmitting domestic and international payment messages. However, as part of the SwiftNet phase II infrastructure upgrade, the bank is required to update the its existing TurboSwift installation.

The SwiftNet phase II upgrade was completed by Synergy Login Systems, BankServ’s distribution and support partner in India.

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