Schemes
SWIFT/CBPR+
Schemes
International High-Value Payments
SWIFT provides financial institutions with a secure global messaging network to exchange payment instructions, particularly for cross-border and high-value transactions.
The SWIFT messaging system is used alongside existing correspondent banking relationships, where institutions can hold accounts with one another (nostro and vostro) to enable interbank settlement.
SWIFT developed cross-border payments and Reporting Plus (CBPR+) for smoother messaging communication across correspondent banks, and to utilise the ISO 20022 messaging standard. The new standard modernises cross-border payments, enabling richer, structured data, improved compliance, and better straight-through processing (STP) rates.
Solutions built on next-generation software
Electrum’s Solution
Electrum's future-fit strategy for SWIFT/CBPR+ requirements
Improving the speed and reliability of cross‑border payments
High straight‑through processing rates minimise delays and manual intervention, ensuring faster settlement for corporate clients and customers.
Provide visibility into cross-border liquidity
Real‑time reporting tools consolidate balances across nostro accounts, improving decision‑making and liquidity control.
Prevents costly rebuilds while maintaining compliance
ISO 20022‑aligned processing ensures ongoing CBPR+ readiness and smooth adoption of regulatory changes.
Trusted Implementation
Working with leading banks for
real-time payments success
Investec trusts Electrum to assist them in staying at the forefront of corporate South African real-time payments.
Through our industry expertise, we can expand corporate real-time payments beyond low-value into high-value payments through a unified integration channel.
Electrum’s Solution
Overlay services to bolster your offering
Get ahead with overlay services, including risk management services, pre-built integrations into core banking systems, interoperable QR code payments, Electrum Console tooling, and customer support interfaces.
These overlay services are designed to help you meet consumer demands for fast, innovative payment solutions and become an industry leader in the changing ecosystem.
Keep up with the latest trends
Built with the agility to support new and emerging transaction types, specifically when it comes to handling high-volume, low-value transactions.
Don't let your existing system hold you back!
