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Implementing SWIFTRef for Data Integrity

by Guy Puttemans, Financial Controller EMEA and Didier Goelens, Finance Manager EU, Nu Skin

Premium personal care and nutritional supplements corporation Nu Skin was experiencing considerable challenges in maintaining counterparty bank account information in a timely, accurate way, leading to considerable manual intervention, risk and cost. Prompted by its SEPA migration project, Nu Skin has implemented SWIFTRef to automate the maintenance of this data, providing considerable referential integrity and automation.