Bank al Etihad: Introducing the New SWIFT GPI Feature in Jordan

Press release
Published September 19th, 2018 - 09:42 GMT
Bank al Etihad
Bank al Etihad

Joining a growing network of over 90 leading banks worldwide,Bank al Etihad‘s retail and corporate clients can now securely send and receive transfers across borders with greater speed and enjoy an array of added value features through the recently introduced SWIFT global payments innovation (SWIFT gpi), while facilitating financial stability and fund management.

By embracing this new global payments standard, Bank al Etihad clients can now benefit from enhanced fee and exchange rate transparency, unaltered remittance information and improved operational efficiency through an international payment assistant. Also, SWIFT gpi allows visibility on the status of payment transactions at all stages, from the moment they are sent, all the way until they reach their final destination anywhere in the world, ultimately ensuring maximum convenience and peace of mind for clients.

Specific features have been designed to help provide an increased layer of security to the SWIFT gpi platform. These include the option to stop and recall payments in case of suspected fraud, as well as the transfer of rich payment data to permit clients to automatically reconcile invoices and payments and keep track of them at the touch of a button.

Background Information

Bank al Etihad

Bank al Etihad was founded in 1978 as a public shareholding company, and has been moving steadily towards boosting its financial status and profitability.

The Bank continues to implement its calculated strategy of client base expansion, risk diversification through widening its range of services and targeting groups from both the retail and corporate sectors.

The Bank attracts a qualified team of young Jordanian professionals and combines a team of experts working relentlessly to further enhance the Bank’s overall achievements, striving for more progress and prosperity to achieve the Bank’s ambitious objectives for the coming years.

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