Working with a new bank, or changing the way you integrate with your banks, can be a high-risk, high-resource undertaking. SWIFT’s MyStandards solution provides a central repository of bank and system vendor formats globally, together with comprehensive information on international standards.
Using MyStandards can make it far easier and quicker to onboard new banks, enabling you to define and test formats, and to maintain interfaces over time as format definitions and international standards develop. This is a crucial way of reducing the time, cost and risk of change, and avoiding interruption to business-critical activities.
MyStandards is available to any corporation, whether or not you use SWIFT for bank connectivity.
- Onboard new banks easily
- Access bank and vendor formats globally
- Reduce risk in major change projects
- Manage integration over time