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ECS Fin-Transaction Processing & Automation

Standard Bank Group: Collaborates with Salesforce

Standard Bank Group: Collaborates with Salesforce Standard Bank unveiled an extended agreement with global customer engagement expert Salesforce to deliver positive digital experiences Extended...

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Payfazz: Raises $53M In New Round

Payfazz: Raises $53M In New Round Indonesian payment processor Payfazz has secured $53M in Series B funding In one, Indonesia-based travel and lifestyle platform...

ClearVue Technologies: Signs distribution agreement with Insulsteel

ClearVue Technologies: Signs distribution agreement with Insulsteel ClearVue Technologies (CPV) has signed a manufacturing and distribution agreement with U.S.-based Insulsteel Building Sciences Insulsteel is...

Adyen: Expands acquiring capabilities to Malaysia

Adyen: Expands acquiring capabilities to Malaysia Adyen the payments platform of choice for many of the world’s leading companies, providing a modern end-to-end infrastructure...

MFMi Group: Selects Mambu

MFMi Group: Selects Mambu MFMi Group, part of leading Malaysian fintech specialist MFM Synergy Announced chosen Mambu’s pure SaaS cloud-native banking platform to underpin...

Swift: Shifts from MT to XML format

Swift: Shifts from MT formats to XML format in the field of large-value payment transactions

  • With the objective of defining a uniform standard for the formats of, the SWIFT payment transfer is shifting to the ISO 20022 message standard
  • Prospectively, XML-based message definitions (MX messages) will replace the so far common MT message types
  • The migration in payment transactions actively promoted, due to the consistent growth of infrastructures in payment transactions
  • The standard supports formats which are considerably more flexible than existing country- and bank-specific message formats
  • It also provides significant benefits in the field of process handling and enabled improvements for processing complaints
  • The use of an end-to-end payment processing also simplifies the interoperability between cross-border payments

Latest Posts

Payfazz: Raises $53M In New Round

Payfazz: Raises $53M In New Round Indonesian payment processor Payfazz has secured $53M in Series B funding In one, Indonesia-based travel and lifestyle platform...

ClearVue Technologies: Signs distribution agreement with Insulsteel

ClearVue Technologies: Signs distribution agreement with Insulsteel ClearVue Technologies (CPV) has signed a manufacturing and distribution agreement with U.S.-based Insulsteel Building Sciences Insulsteel is...

Adyen: Expands acquiring capabilities to Malaysia

Adyen: Expands acquiring capabilities to Malaysia Adyen the payments platform of choice for many of the world’s leading companies, providing a modern end-to-end infrastructure...

MFMi Group: Selects Mambu

MFMi Group: Selects Mambu MFMi Group, part of leading Malaysian fintech specialist MFM Synergy Announced chosen Mambu’s pure SaaS cloud-native banking platform to underpin...

Trending Stories

Payfazz: Raises $53M In New Round

Payfazz: Raises $53M In New Round Indonesian payment processor Payfazz has secured $53M in Series B funding In one, Indonesia-based travel and lifestyle platform...

ClearVue Technologies: Signs distribution agreement with Insulsteel

ClearVue Technologies: Signs distribution agreement with Insulsteel ClearVue Technologies (CPV) has signed a manufacturing and distribution agreement with U.S.-based Insulsteel Building Sciences Insulsteel is...

Adyen: Expands acquiring capabilities to Malaysia

Adyen: Expands acquiring capabilities to Malaysia Adyen the payments platform of choice for many of the world’s leading companies, providing a modern end-to-end infrastructure...

MFMi Group: Selects Mambu

MFMi Group: Selects Mambu MFMi Group, part of leading Malaysian fintech specialist MFM Synergy Announced chosen Mambu’s pure SaaS cloud-native banking platform to underpin...

Network International: Enables UAE businesses transition to ecommerce

Network International: Enables UAE businesses transition to ecommerce Businesses across the UAE are looking to enable their services online, reports Network International In response...

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