FAB Headquarters/First Abu Dhabi Bank
The new ‘Standards MT Release’ include changes to category seven messaging standards used in trade finance.
Wednesday 13, March 2019 BY KUDAKWASHE MUZORIWA
First Abu Dhabi is among the first hundred lenders in the world to upgrade to the latest compliant versions of its transaction banking software, Fusion Trade Innovation, ahead of the new SWIFT standards in Q4 2018.
In a statement, Finastra stated that Amsterdam Trade Bank and FAB were among the customers upgraded in time for the regulation deadline.
The new standards are aimed at improving operational efficiencies for banks as well as corporates.