Bidirectional conversion of SWIFT MT and MX messages
allows for a bidirectional conversion of messages between SWIFT MT and SWIFT MX formats for SWIFT, SORBNET2 and TARGET2 systems, according to XML ISO 20022 standards. It is an independent application which supports most popular application servers and relational databases. It can be implemented as a self-sufficient module or can be a part of a of a comprehensive Payment Hub solution
Application conveniently presents detailed information on all supported payment messages, and has a mechanism for notifying operators about events requiring their intervention. It was designed with the idea that its inclusion in the ongoing business process of the bank should be convenient, transparent and safe for other parts of that process.
The Converter uses our original and proven Warthog framework, which is a basis of many banking and financing systems offered by Sygnity. Thanks to this it ensures:
The MT/MX Converter is an ideal solution for banks (especially in IT and business areas dealing with settlement of payments), which are obliged to efficiently comply with both regulatory and market changes, while their back office systems either do not support SWIFT – MT/MX formats or only partly support them.
It eliminates the necessity to expand central systems with new elements, required by the regulator. Those changes often overload central systems, reducing their efficiency and flexibility and at the same time increasing costs, time and involvement of experts.
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