SWIFT Universal Confirmations Go-Live November 22nd, 2020

Upcoming ISO 20022 Changes

It is fast becoming a mandatory requirement for financial institutions to be able to process ISO 20022 MX messages especially with the announcement from SWIFT in regard to withdrawing FIN messages in favour of their MX equivalent. The standard has been used for many years in initiatives such as SEPA and is expanding into various payment services globally.

How can Aqua Global assist?
Aqua Global’s messaging hub provides a means to generate native ISO 20022 messages directly from the bank’s core system. Alternatively, a message conversion framework is available to translate MT message formats into the new MX standards with ease and flexibility.

Benefits:
• All ISO 20022 standard changes are maintained on an ongoing basis
• Reduces risks
• Improves operation efficiency
• Mimimises change required to your existing internal systems

Click here to find out more information regarding the changes.