Over the years, the demand for transparency has grown exponentially as both market participants and regulators become more concerned with funds’ allocation and generation of capital. In fact, transparency is becoming more of a focus area for these entities within cash management as the number of risk factors throughout the process continue to mount, leading to a greater potential to mismanage cash. For financial institutions operating on SWIFT, this concern has become more evident as new requirements emerge, including SWIFT
MT103 universal confirmation.
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