Market Overview

ACI Worldwide Propels National Bank of Kuwait to Become Country's First Bank to Implement SWIFT gpi


NBK joins the growing list of banks using ACI – the first certified
vendor of SWIFT gpi solutions – to deliver the new de facto standard in
global payments

 (NASDAQ:ACIW), a leading global provider of real-time electronic
payment and banking solutions
, today announced that National Bank of
Kuwait (NBK) has successfully launched SWIFT Global Payments Innovation
(gpi) services for its customers, utilizing the built-in gpi
capabilities that are integrated into ACI's flexible, global payments
engine. NBK customers can now benefit from same day transfer and use of
funds, reduced timelines and greater transparency.

NBK, a pioneering bank in Kuwait and the Middle East and a long-time ACI
customer, achieved the milestone through upgrading its existing
implementation; joining a growing global gpi community that now includes
nearly 300 banks. SWIFT gpi has quickly become the new de facto standard
in global payments, with member banks able to send and receive funds
quickly and securely to anyone, anywhere in the world, with full
transparency over where a payment is at any given moment. With the new
integration, NBK continues to strengthen its position to develop
value-add services for customers that leverage the enriched data
available as part of the new format.

ACI Worldwide, the first certified vendor of SWIFT
gpi solutions
and a SWIFT partner for more than twenty years,
enables banks around the world to take full advantage of real-time, cross-border
opportunities with a direct connection into the SWIFT
central database to monitor inbound and outbound gpi transactions. The
gpi Data Service and gpi Connect capabilities are available as part of
ACI's UP Real-Time
Payments solution 
and ACI Money Transfer System.

"Effectively leveraging the richer data of SWIFT gpi messages will allow
NBK to further optimize the customer experience and differentiate
against competitors," said Craig Ramsey, Head of Real-Time Payments, ACI
Worldwide. "NBK now delivers customers greater transparency and
traceability in cross-border transactions, which facilitates better
communication and reconciliation for the bank's customers."

"NBK is committed to maintaining its leading position in Kuwait through
ongoing technological innovations – and this means improving efficiency
and adopting the latest advancements to offer better services to
customers through the implementation of SWIFT gpi," said Mohammed
Al-Khorafi, General Manager – Operations Group, NBK. "ACI's certified
gpi module enabled us to configure ACI's Money Transfer System and lead
as the first bank in Kuwait, and one of the first in the wider MENA
region, to become a SWIFT gpi member bank."

"ACI has proven to be a reliable and trustworthy partner for NBK,
handling payment processing and fraud prevention for high-value
transaction banking services," added Manish Patel, vice president, ACI
Worldwide. "Our SWIFT gpi capabilities are increasingly used by banks
across the globe; for NBK specifically, our regional support team proved
invaluable in delivering remote and on-site support to achieve this
significant milestone."

To learn more about SWIFT gpi, please visit: ACI
SWIFT gpi solutions

About ACI Worldwide

ACI Worldwide, the Universal
 (UP) company, powers electronic
 for more than 5,100 organizations around the world. More
than 1,000 of the largest financial institutions and intermediaries, as
well as thousands of global merchants, rely on ACI to execute $14
trillion each day in payments and securities. In addition, myriad
organizations utilize our electronic
bill presentment and payment
 services. Through our comprehensive
suite of software solutions delivered on customers' premises or through
ACI's private
, we provide real-time, immediate
 capabilities and enable the industry's most complete omni-channel
 experience. To learn more about ACI, please visit
You can also find us on Twitter @ACI_Worldwide.

© Copyright ACI Worldwide, Inc. 2018.

ACI, ACI Worldwide, ACI Payment Systems, the ACI logo, ACI Universal
Payments, UP, the UP logo, ReD, PAY.ON and all ACI product names are
trademarks or registered trademarks of ACI Worldwide, Inc., or one of
its subsidiaries, in the United States, other countries or both. Other
parties' trademarks referenced are the property of their respective

Product roadmaps are for informational purposes only and may not be
incorporated into a contract or agreement. The development release and
timing of future product releases remains at ACI's sole discretion. ACI
is providing the following information in accordance with ACI's standard
product communication policies. Any resulting features, functionality,
and enhancements or timing of release of such features, functionality,
and enhancements are at the sole discretion of ACI and may be modified
without notice. All product roadmap or other similar information does
not represent a commitment to deliver any material, code, or
functionality, and should not be relied upon in making a purchasing

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at