Oracle Banking Payments is supporting SWIFT’s latest service to make global cross-border payments fast, easy, predictable, and frictionless for small and medium enterprises (SME) and consumer markets. As banks are managing their ISO 20022 migrations and implementing new services within the gpi program, Oracle aims to lower the total cost of ownership and ease customers’ transition by investing in its solutions and supporting key industry initiatives. With Oracle Banking Payments’ built-in integration with the new SWIFT service, banks will be able to minimize disruption to customers’ existing technology infrastructure to meet dynamic cross-border payment needs and lower the total cost of ownership. Banks using Oracle Banking Payments will be better able to compete against global remittance providers and card networks for low-value transfers in key currency corridors with the addition of SWIFT’s new account-to-account service for consumers and SMEs. They will also be able to offer fast, easy, predictable, and competitively priced cross-border payments from account-to-account.