For financial institutions ensuring business flows and back office applications run smoothly, with the various messaging formats around the globe, can be a challenging process. As the business needs evolve, so do standards, their adoption, usage and maintenance, and to realize the most of it, financial institutions have to make sure they have access to message format specifications and usage guidelines, can analyse and understand quickly, effectively and error free.
SWIFT’s MyStandards, a venture of standards expertise and collaborative web platform allows banks, market infrastructures, as well market practice groups to create, publish and share their message specifications and usage guidelines. It enables users to view, analyse, consume and test, all in one place.
The result? Faster customer on-boarding, efficient preparation for the mandatory MT standards release, centralized market practise and individual financial institutions’ guidelines that allow for smoother (preparation/ adoption of ISO 20022 for the various global and local migrations. The ultimate gain, enhanced customer experience, while saving time, costs, and better managed risk.
The ultimate solution to manage global standards/message format and industry usage guidelines more efficiently.
Simpler testing, faster onboarding.
MT Standards Release Portal
Simplify mandatory standards updates.
Cost and time savings
Onboard clients faster and manage standards releases more efficiently.
Create customised self-service test portals to streamline corporate onboarding.
Enhanced customer experience
Easy, harmonised, self-service documentation and 24/7 testing environment.
40+ years of standards management, solid libraries & unique ISO 20022 experience.
Reduced maintenance effort
Powerful testing and analysis tools between standards releases.
Ease of deployment
No software to install for MyStandards or Readiness Portal; flexible deployment.