MyStandards Lite

Easily access, compare and test message specifications

MyStandards Lite

Easily identify and understand how standards updates and ISO 20022 migrations impact your organisation.

Use MyStandards Lite to test back-office changes, speed up your release implementation cycle, improve accuracy and generally make your standards usage more efficient. It’s also the perfect tool to consult and compare market practices and message specifications from different market infrastructures.

Benefits

Reduce cost and time

The portal allows you to compare standards and message specifications in a clear and efficient manner, helping you keep your systems up to date and reduce the time spent looking through paper-based documentation.

Minimise risk

MyStandards Lite, your secure 24/7 platform, simplifies compliance with intuitive tools for Standards management and facilitates updates for Standards MT Releases or ISO 20022 migration. Stay informed and proactive with structured documentation and relevant changes.

Optimise user experience

Enhance your user experience with My Standards Lite, a user-friendly platform that centralises standards release changes and ISO 20022 message specifications. Compare different market practices and message versions and the convenience of testing and correcting messages in real time for a smooth system rollout.

Features: A one-stop shop to manage standards compliance

View base standards, change requests (CR) and message specifications

With MyStandards Lite, you can easily browse the definition of MT and ISO 20022 messages by category or business area and view detailed descriptions of the message content.

You can see all changes between current and upcoming standards releases per message type, and review change requests applied to the specific message definition.

The portal also allows you to consult public message specifications issued by organisations to facilitate market practice and standards adoption (e.g. HVPS+, SMPG, etc.), as well as message specifications published by banks and market infrastructures (e.g. CBPR+, T2, TCH, MAS, etc.).
Compare base standards and message specifications

MyStandards Lite simplifies the analysis and implementation of the annual standards release. The portal compares different versions of base standards (MT and ISO 20022) and highlights changes, including their business reasoning, making it easy to consult relevant change requests and understand the impact on your business area.

You can instantly compare shared message specifications of the same or different organisations (e.g., CBPR+ vs. T2 vs. HVPS+) and clearly understand the commonalities and differences.

The full findings of your comparison can be exported in an XLS spreadsheet, ready to be shared within your institution for further analysis and implementation.
Download documentation

Download PDF versions and XLS spreadsheets of the base standards (MT and ISO 20022) and message specifications for offline consultations, allowing interested parties to familiarise themselves with the details of the specifications and better prepare for the implementation phase.

Machine-readable XML schemas are also readily available to download, allowing you to further drive efficiency gains in implementing the changes in your back-office systems.
Test against base standards and message specifications

Make sure your systems are fully compliant by testing your sample messages against base standards (all MT and ISO 20022 messages) and the upcoming standards release, as well as message specifications shared by the owning financial institution (e.g., T2, Payments Canada).

The portal identifies any errors in detail and allows re-testing and validation. Upon validation, you can download your message for further testing or adaptation in your own environment. The tool also provides an overview and history of all tests performed and completed.

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