For financial institutions it can be a challenging process to ensure that business flows and back-office applications run smoothly in accordance with the various messaging formats across the globe. As business needs evolve, so do standards, their adoption, usage and maintenance. To efficiently manage standards, financial institutions require access to message format specifications, and have to be able to analyse and interpret them quickly, effectively and correctly.
SWIFT’s MyStandards offers standards expertise and a collaborative web platform that allows banks, market infrastructures, and market practice groups to create, publish and share their message specifications and usage guidelines with ease. MyStandards users are able to view, analyse, consume and test, all in one place.
The result? Faster customer onboarding, efficient and timely preparation for the mandatory annual MT Standards Release, centralised market practices, and individual guidelines for financial institutions that will drive a smoother adoption of ISO 20022 for various global and local migrations. You will be able to fully optimise customer experiences and risk management, while cutting down time and costs.
Access, compare and test message specifications to speed up release implementation and make your standards usage more efficient.
Centralise and publish your message specifications in any format, with customised testing options, to ease customer onboarding, ISO 20022 adoption and more.
Map, validate and translate messages from and to any format.
Save time and costs
Onboard clients faster and manage standards releases more efficiently.
Reduce maintenance efforts
Powerful testing and analysis tools for current and future standards releases.
Accelerate customer onboarding
Create customised self-service test portals to streamline corporate onboarding.
Enhance customer experience
Easy, harmonised, self-service documentation and a 24/7 testing environment.
Deploy with ease
MyStandards operates fully online; no software installation is required; flexible deployment.
40+ years of standards management, solid libraries and unique ISO 20022 experience.