News Details

FIMBank Achieves STP Award


In a remarkable achievement, FIMBank has secured impressive STP ratings, boasting a remarkable outstanding payment formatting and straight-through processing rate. The Gold Award was given by one of FIMBank’s USD correspondents, BNY Mellon. Recognized as a crucial metric in payment transactions, Straight Through Processing (STP) rates signify FIMBank's commitment to efficiency by minimizing manual interventions.

Through ongoing training initiatives for its Payment Order Team, FIMBank ensures swift and cost-effective settlement of customer payments. The bank's unwavering dedication to excellence is underscored by its drive for continuous improvement and efficiency.

Darren Goodwin, Head of Banking Operations, emphasized, "Our steadfast commitment to maintaining high standards is evident through continuous monitoring of STP ratings. FIMBank remains dedicated to excellence in payment transactions, with plans to invest further in employee development and cutting-edge technology."