CERTIFICATION IN INDIA

ISO 9362:2014 - BUSINESS IDENTIFIER CODES

What is ISO 9362:2014?

ISO 9362 defines a standard format of Business Identifier Codes (also known as SWIFT-BICBICSWIFT ID, or SWIFT code) approved by the International Organization for Standardization (ISO). It is a unique identification code for both financial and non-financial institutions. 

The acronym SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication. The ISO has designated SWIFT as the BIC registration authority. When assigned to a non-financial institution, the code may also be known as a Business Entity Identifier or BEI.

These codes are used when transferring money between banks, particularly for international wire transfers, and also for the exchange of other messages between banks. The codes can sometimes be found on account statements.

Benefits of ISO 9362 Certification

Employee Training and Development

Enhance Sustainable Growth

Managing Employee Relations

Supporting end-to-end automation

Using modern technology

Worldwide adoption

Who can be certified ISO 9362 Certification?

Manufacturing Companies

Service Sector

Hospitals

NGO'S

Educational

Government Organizations

Research Foundation

Fitness Sector

Shipping Industry

Aerospace

Food

Automotive

Telecom

Textile and Apparels

Medical and Test Lab

Software Development

Document required for ISO 9362 Certification

The extent of Documented Information differs as per:

Role of Shamkris and Process of ISO 9362 Certification

Shamkris adopts a results-oriented approach to effective system implementation in the organization. A simple and practical method of system implementation helps organizations increase business efficiency and sustainability. Shamkris supports 100% documentation to obtain an accreditation body of success in addition to enhanced performance.

The implementation process is described below:

Time Frame

Task

Process

Day 1

GAP Analysis
Certification Body
Selection
Cost Estimates

Week 1

Developing Documents

Week 4

Implementing Management System

Week 8

Internal Audit
MRM
CAPA

Week 10

Certification Body
Audit
N-C Closing

Week 12

Certification Body

Year on Year

Yearly Compliance

FAQ

ISO – ISO 9362:2014 – Banking — Banking telecommunication messages — Business identifier code (BIC)

There are over 7,500 “live” codes (for partners actively connected to the BIC network) and an estimated 10,000 additional BIC codes which can be used for manual transactions.