What We Do
Since 1989, Bottomline has been modernizing global business payments with connected solutions for more than 800,000 financial institutions and businesses in 92 countries.
Securely and efficiently manage funds disbursements
For Businesses
Streamline the collection and management of single and recurring payments
Direct submission and processing of your UK bank payments for payables and receivables
Centralize and automate all your payment creation, controls, and submissions
Comprehensive connectivity to Swift and other domestic and global financial messaging networks
For Banks & Financial Institutions
Convert legacy financial message formats to modern message standards
Easily view analytics of financial messages with central repository
Reduce fraud and errors through digital account verification
For Banks & Financial Institutions For Businesses
Efficiently screen transactions to identify and manage sanctions risk
Stop payment fraud before it happens. Detect, investigate, and protect against internal and external threats.
View, optimize, and forecast your cash position with all accounts connected in one solution
Who We Serve
Our Company
Access the Swift GPI community of over 4,232 financial institutions, sending the equivalent of over $420 billion in value every day, with Bottomline’s Swift GPI via API.
Bottomline’s Swift GPI for API solution provides seamless technical connectivity to update and engage with the new Swift tools (Swift Observer, Directory, and Tracker) that reduce the previous issues with transparency, tracking, reconciliation, cost, and overall efficiency.
The GPI Observer monitors whether GPI members are following the SLA rules. Highlight other GPI members' adherence to SLAs. Enable members to benchmark themselves and identify areas for improvement, ensuring industry-wide transparency and best practices.
The GPI Directory shows what Banks/BICS/Currencies are on GPI. Gain visibility of all operational details from the GPI member community regarding the optimisation of payments routing. Full flexibility of views over multiple channels, including automated delivery channels.
The GPI Tracker ensures traceability, transparency and completeness. Provide real-time views of a payment's status throughout the transaction chain. This will reduce time for investigations and provide a better customer experience. Using APIs to enable customers to self-serve can save you 50% on operational costs.
Swift GPI has the potential to improve an institution’s internal processes and save them valuable money and resources. Added transparency will enable your customers to ‘self-serve’, eliminating manual intervention and reducing customer investigations by 50%.
There is also the opportunity to build new services and revenue streams. By leveraging the tracker data and solving for IS0 20022, financial institutions can offer more innovative solutions such as real-time payments and open banking.
All GPI members sign up to the same SLA.
All payments received are available to end customers on the same day.
No need to contact counterparties for updates.
Directory visibility to see who is signing up to the enhanced Swift SLA.
Track both outbound and inbound to aid liquidity and cash management capabilities.
No changes to remittance details.
All Swift users are mandated to carry out an independent assessment when attesting. The Independent Assessment Framework (IAF) was introduced at the request of the global Swift community to reinforce and uphold the highest level of security of the global financial community.
Swift GPI & Universal Confirmations via Bottomline’s API Gateway is the first service provider to enable all financial institutions to connect via an Aggregator to the Swift Tracker using innovative API technology and the Bottomline API Gateway. No matter the size of the institution, the volume/value of your cross-border portfolio or the state of your legacy infrastructure, the opportunity is there for you to take your share of the estimated $250 trillion global cross-border payments space.
Bottomline’s UA system has provided an opportunity for us to improve operational resilience, overcome regulatory compliance challenges, and scale up quickly to address evolving changes in the market.
The cooperation between Paragon and Bottomline was excellent—what you would expect from a partnership.
Speak to one of our experts today.
