Finastra introduces a new service to help banks transition from SWIFT MT messages to the ISO 20022 standard seamlessly.
Highlights:
- Seamless Transition: Finastra’s new service simplifies the migration from SWIFT MT messages to ISO 20022, ensuring compliance with upcoming regulations.
- API-Based Solution: The transformation service is embedded within Finastra’s Financial Messaging platform, offering flexibility and operational continuity.
- Future-Proofing Payments: The service supports annual market infrastructure updates, helping banks stay ahead in financial messaging innovation.
Summary: Finastra has launched a message transformation service to assist banks in migrating from SWIFT MT messages to the ISO 20022 MX standard. With SWIFT’s November 2025 deadline approaching, financial institutions must ensure their systems can process the new format to avoid disruptions. Finastra’s solution, embedded within its Financial Messaging platform, offers an API-based microservice that enables banks to transition smoothly while maintaining operational efficiency.
The service also provides flexible enrichment and message handling options, ensuring compliance with evolving market infrastructure requirements. By leveraging this transformation service, banks can future-proof their payment operations and enhance financial messaging capabilities.
