BankSearchPlus already contains over 80,000 SSIs, all BICs and national clearing code information for 72 countries. In addition, this new IBAN2BIC module validates and recognises IBANs and then links them to the correct BIC and subsequent banking information including contact details, categorised SSIs and other critical international payment data.
With more than 3,500 banks across the financial community updating their own information directly, BankSearchPlus is seen to be the most timely, reliable and accurate source of international payment data on the market. As well as the self publishing facility, CB.Net has a dedicated team updating and continuously maintaining the information straight from source, ensuring that banks using the system have "golden source" data.
"It would appear that reference data in the international payments arena is at last being taken seriously" says Ian Dunning, managing director at CB.Net, "Over the past two years, we have been developing BankSearchPlus, to meet industry and client needs to provide a comprehensive, reliable and complete source of reference data. The new IBAN2BIC module demonstrates these efforts and we will continue to enhance our products to service the banking community."