SWIFT Message Transformation & Mediation
Seamless conversion between MT and MX (ISO 20022) message formats
The Challenge
The financial industry is migrating from legacy SWIFT MT messages to the new ISO 20022 (MX) standard. This transition creates significant challenges: maintaining operations during migration, supporting both formats simultaneously, ensuring data accuracy during transformation, and managing the complexity of coexistence between old and new systems.
The Solution
Finwares SWIFT Transformation & Mediation solution enables seamless bi-directional conversion between MT and MX formats with complete accuracy. Our platform handles the complexity of format translation, data enrichment, and validation—allowing you to migrate at your own pace while maintaining full operational continuity.
Key Features & Capabilities
Bi-Directional Transformation
Convert MT to MX and MX to MT with complete fidelity, supporting all major message types including payments, securities, and trade finance
Intelligent Data Mapping
Advanced mapping engine handles complex field transformations, data enrichment, and format-specific requirements automatically
Validation & Compliance
Built-in validation against SWIFT standards, ISO 20022 schemas, and market practice rules ensuring compliance
Data Enrichment
Automatically enrich messages with additional data required by the target format, leveraging reference data and business rules
Exception Handling
Sophisticated exception management for edge cases, with configurable rules and manual intervention workflows
Testing & Simulation
Comprehensive testing tools to validate transformations before production deployment, with detailed comparison reports
Business Value
- Accelerated Migration: Reduce ISO 20022 migration time by up to 60% with automated transformation
- Operational Continuity: Maintain business operations during migration with seamless coexistence of both formats
- Risk Reduction: Eliminate manual transformation errors and ensure compliance with automated validation
- Future-Ready: Position your organization for the ISO 20022 future while supporting legacy systems
- Enhanced Data Quality: Leverage richer ISO 20022 data for improved analytics, compliance, and customer service
Supported Message Types
Our transformation engine supports all major SWIFT message categories:
Customer and bank-to-bank payments
Settlement and custody messages
Trade services and guarantees
Account reporting and statements
Ready to Accelerate Your ISO 20022 Migration?
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