DALLAS, TX – INSTANT®,  In a significant advancement in financial technology, INSTANT has announced an enhancement to the SWIFT system with a T+1 settlement initiative. Funds are now tracked as ‘work in process’, ensuring the fastest response time of any process introduced into SWIFT.

Overview: The INSTANT Platform is specifically designed to facilitate a smooth settlement process and enhance accessibility within a T+1 framework. Achieving this milestone was made possible by integrating Securities View, which utilizes a Unique Transaction Identifier (UTI).

Product Details: INSTANT Securities View is pivotal in delivering real-time visibility into security transactions. It comprehensively covers trade confirmations, settlement instructions, and status updates. Each security transaction is assigned a unique UTI code, facilitating streamlined communication and automation among the various stakeholders involved in the settlement process. This systematic approach significantly reduces errors and minimizes the need for manual intervention, which is especially critical in the accelerated T+1 cycle.

Moreover, the INSTANT Platform ensures full lifecycle data transparency right from the inception of trades. It maintains essential information throughout the process, mitigating risks and enabling efficient reconciliation.

Quotes: “By enhancing SWIFT with T+1 settlement, INSTANT is not only speeding up the associated processes but also introducing unprecedented levels of efficiency and accuracy,” said Michael McMackin, CEO of INSTANT. “This development is a testament to our commitment to innovation and excellence in the financial services industry.”

ABOUT INSTANT®

INSTANT empowers global organizations with INSTANT Intelligence across their enterprise from a single connected platform. From worldwide receivables reconciliation, FX, and liquidity management to supply chain, marketing, and performance management, INSTANT enables instantaneous worldwide transaction visibility. INSTANT also delivers a highly secure, 100 percent network enterprise platform with superior bank, payment type, and global processing connectivity with our integrated solution for tracking and tackling today’s most complex financial challenges. The world’s largest organizations rely on INSTANT to streamline key processes, protect against loss, and accelerate growth opportunities through improved enterprise-wide decisioning. INSTANT is headquartered in Dallas, with offices in other major locations worldwide. For more information, visit www.inst.com.

PR Contact: Lyn McKay | pr@inst.com