SG FAST SWIFT BIC API

What is SG FAST SWIFT BIC API?

In the ever-evolving landscape of financial transactions, speed and accuracy are paramount. In Singapore, SG FAST has emerged as a trusted and efficient platform for transferring funds rapidly and securely between financial institutions. However, to harness the full potential of SG FAST, one essential piece of information is the SWIFT BIC code of the recipient’s bank or non-bank financial institution (NFI). This unique identifier is the linchpin that ensures seamless international payments.

At Eccorect, we understand the importance of accessibility and reliability when it comes to SWIFT BIC codes. To simplify this crucial aspect of financial connectivity, we’ve developed the SG FAST SWIFT BIC API. This API provides a streamlined solution for accessing the latest and most accurate list of SG FAST participating banks and NFIs, along with their associated SWIFT BIC codes. This powerful tool serves as an indispensable resource for businesses, developers, and individuals seeking to optimize their SG FAST experience.

URL Endpoint

POST https://api.eccorect.io/bankecc/sg/fastswiftbic/v1

Click to download Postman collection JSON

Request Headers

Content-Type: application/json
X-API-Key: <Please contact Eccorect to get your key>

** You can now try it out with Eccorect’s X-API-Key: YMApE4h8jZ6NnLgw6qAa1aONNHzV5cNRZJHXj0pb
(throttling to 1 API per second)

Request Format

Field Name	Data Type	Description	Sample
header
msg_id	String (35)	Message ID assigned by the sender	29yh2f98f3hf8923f89
timestamp	datetime	YYYY-MM-DDThh:mm:ss.sss	2018-10-12T10:53:29.996

Response Format

Field Name	Data Type	Description	Sample
header
msg_id	String (35)	Message ID assigned by the sender	29yh2f98f3hf8923f89
req_timestamp	Datetime	YYYY-MM-DDThh:mm:ss.sss	2018-10-12T10:53:29.996
res_timestamp	Datetime	YYYY-MM-DDThh:mm:ss.sss	2023-09-27T12:19:38.922
fastswiftbic	Array
swiftbic	String (8 or 11)	Swift Bic in 8 or 11 chars	ANTPSGSG
bic_type	String (4)	Bank or NFI	Bank
bank_name	String (70)	Bank Name	Anext Bank Pte Ltd
isPayNow	String (1)	PayNow available	Y

Throttling

Throttle Level	Maximum API call
per second	1
per day	1

Sample Request

{
    "header":{
            "msg_id": "YourMessageId",
            "timestamp": "2023-09-12T10:53:29.996"
    }
}

Sample Response

{
    "header": {
        "msg_id": "YourMessageId",
        "req_timestamp": "2023-09-12T10:53:29.996",
        "res_timestamp": "2023-09-27T06:59:51.035"
    },
    "fastswiftbic": [
        {
            "swiftbic": "ANTPSGSG",
            "bic_type": "Bank",
            "bank_name": "Anext Bank Pte Ltd",
            "isPayNow": "Y"
        },
        {
            "swiftbic": "ANZBKSGSG",
            "bic_type": "Bank",
            "bank_name": "ANZ Bank",
            "isPayNow": "Y"
        },
        {
            "swiftbic": "BKCHSGSG",
            "bic_type": "Bank",
            "bank_name": "Bank of China",
            "isPayNow": "Y"
        }
    ]
}

Use Case

Imagine you’re a growing e-commerce business based in Singapore, expanding your reach to international markets. To streamline your payment processing and offer a seamless experience to customers around the world, you’ve decided to leverage SG FAST. However, for each transaction to be successful, you need to include the correct SWIFT BIC code of the recipient’s bank or NFI.

Here’s where the SG FAST SWIFT BIC API comes into play:

Swift Access to SWIFT BIC Codes: Instead of spending valuable time searching for SWIFT BIC codes online, you can integrate our API into your payment processing system. With a simple query, you can instantly retrieve the accurate SWIFT BIC code for the recipient’s bank or NFI, ensuring error-free transactions.
Up-to-Date Information: Financial institutions can change, merge, or update their SWIFT BIC codes over time. Our API provides you with the latest and most reliable information, reducing the risk of outdated codes causing payment delays or errors.
Efficiency and Reliability: By integrating the SG FAST SWIFT BIC API, you enhance the efficiency of your payment processing. Payments are processed swiftly and accurately, boosting customer satisfaction and trust in your services.
Developer-Friendly: For developers, our API offers a straightforward integration process, saving valuable development time and resources. It allows you to focus on enhancing your e-commerce platform rather than manually managing SWIFT BIC codes.
Peace of Mind: With access to the most current SWIFT BIC information, you can confidently expand your business globally, knowing that each transaction is facilitated with precision.

Version History

Change log and release history:

Version	Dates	Notes
1	14 Sep 2023	Initial Release