UPCOMING WEBINAR: Swift Essentials, Swift Alliance Cloud, Swift APIs, ISO 20022 – What’s in it for you? | April 30th, 2024 | Register now
UPCOMING WEBINAR: Swift Essentials, Swift Alliance Cloud, Swift APIs, ISO 20022 – What’s in it for you? | April 30th, 2024 | Register now
Become ISO 20022 Ready in Weeks
The ISO 20022 Enabler is a plug-and-play solution that helps you become ISO 20022 ready in weeks. It seamlessly manages MT and MX messages, so you can maintain good relationships with correspondents who adopt ISO 20022 and avoid the risk of not being ready for the 2025 deadline.
Starting in November 2025, ISO 20022 migration will come to an end within the financial sector. Under this regulation, financial institutions will no longer be able to transmit Swift messages for categories 1, 2, and 9 over the Swift network. Instead, they will be required to send messages in the MX format. To ensure compliance with these changes, it’s crucial to ensure that your back-office system has the capability to generate MX format messages.
If, for any reason, your Core Banking System is not prepared to generate MX formats by the stipulated deadline, there’s no need to worry. Our ISO 20022 Enabler offers a solution that will help you become compliant in a matter of weeks. This plug-and-play solution is designed to make your transition to ISO 20022 as smooth as possible and can be implemented in just a few weeks. It seamlessly handles both MT and MX messages, allowing you to maintain strong relationships with your correspondents who have adopted ISO 20022 and ensuring that you won’t be caught off guard by the 2025 deadline.
The ISO 20022 Enabler is a cloud-based solution that sits between your existing Swift infrastructure and your back-end systems. It automatically translates MT messages to MX messages and vice versa, so you don’t need to make any changes to your existing systems.
The ISO 20022 Enabler is a plug-and-play solution that requires no IT project. This means that you can be up and running in weeks, without having to make any changes to your existing systems.
The ISO 20022 Enabler automatically translates MT messages to MX messages and vice versa. This means that you can continue to communicate with correspondents who use either format, without having to worry about manual translation errors or truncations.
By being able to send and receive ISO 20022 messages, you can demonstrate to your correspondents that you are committed to the new standard.
By becoming ISO 20022 compliant now, you can avoid any disruption to your business operations when the new standard becomes mandatory.
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