Swift Innovation
Overview of Aqua Global’s capabilities in delivering SWIFT-related innovations and support for SWIFT message types
Swift Case Management
Despite advancements in cross-border payments, exception and investigation (E&I) handling remains costly, opaque, and manually intensive. With 1–3% of Swift messages failing STP and average investigation resolution times at 8 days, the industry faces over $1.6 billion annually in operational drag.
Swift’s new Case Management will become mandatory by 2027, introducing a centralised model for structured exception processing via ISO 20022 messaging, APIs, or GUI.
Aqua Global empowers banks to automate their integration with Case Management, enhancing transparency, reducing costs, and accelerating resolution times.
Swift Essentials
Aquila leverages the power of Swift Essentials APIs to transform financial messaging for institutions seeking speed, accuracy, and compliance. As an accredited partner in the Swift Enabler Program, Aqua Global enables organisations to boost their Swift capabilities by seamlessly integrating Pre-Validation, gpi, and SwiftRef services.
This integration enhances compliance, data enrichment, validation, and reporting delivering a smarter, more connected experience for both institutions and their customers.
With Aquila, organisations gain real-time access to Swift services, enabling Straight Through Processing (STP), live payment tracking, automated payment screening, and efficient exception management. The platform also supports reconciliations and matching workflows, helping reduce operational risk while improving transaction transparency
Swift LAU
Swift LAU (Legal Authentication) adds an extra layer of security to messages processed via FTP by applying a digital signature that detects tampering. Aquila verifies the integrity of incoming and outgoing messages using HMAC-SHA-256 encryption, with symmetric keys shared between the back-office system and Swift Alliance Access. Messages with missing or invalid LAUs are automatically rejected, ensuring end-to-end message authenticity and protection.
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Frequently Asked Questions related to Swift Innovation
What is Swift Essentials?
Swift Essentials is a suite of Swift APIs that strengthens cross border payments through pre validation, data enrichment, tracking and improved compliance automation. As an accredited partner in the Swift Enabler Program, Aqua Global integrates these services directly into Aquila.
How does Swift Essentials improve payment processing?
Integrating Swift Essentials improves transparency, enables real time tracking and reduces manual exception handling through automation and enriched validation. Validating payment data before submission cuts rejections and improves accuracy for downstream processing.
Do banks need system upgrades to use SWIFT Essentials?
Banks need the ability to integrate with Swift APIs, but this can usually be achieved through a messaging hub or orchestration layer without replacing core systems. That keeps adoption fast and low risk.
What is SWIFT Case Management?
Swift Case Management is a centralised model for handling payment investigations and exceptions, using structured ISO 20022 messaging, APIs or a graphical interface. It lets banks track, resolve and respond to payment queries more efficiently across counterparties.
Why does Swift Case Management matter?
Exception and investigation handling remains costly and slow, with average resolution around eight days and an estimated industry cost above 1.6 billion dollars a year. Case Management becomes mandatory by 2027, and automating it reduces cost, improves transparency and speeds up resolution.
What is Swift gpi?
Swift gpi, or Global Payments Innovation, improves cross border payments through end to end tracking, faster settlement, greater transparency and richer remittance information. Aquila supports gpi and Universal Confirmations natively.
How does Swift gpi reduce payment delays?
Swift gpi reduces delays through real time tracking, status visibility, standardised confirmations and improved pre validation of payment data. That means fewer stuck payments and quicker resolution when issues do arise.
Does Swift gpi improve compliance?
Yes, gpi improves compliance by increasing payment traceability, improving data transparency and reducing ambiguity in cross border transactions. That makes screening and reporting more reliable.
What is Swift LAU?
Swift LAU adds a layer of security to messages exchanged over file transfer by applying a digital signature that detects tampering. Aquila verifies message integrity using HMAC SHA 256, and any message with a missing or invalid LAU is automatically rejected.