Finastra, a provider of financial services software applications, recently launched its Transformation Service in support of the translation of MT formatted messages to the new ISO 20022 MX messaging standard. The new service is intended to help firms with financial messaging cooperative Swift’s migration from MT to MX ISO 20022 messaging standards. “The Transformation Service… Read More >>
Urgency Building for ISO 20022 Transitions
(The Swift global cooperative for financial messaging is ending its support for the legacy MT standards for cross-border payments on Nov. 22, 2025, and is urging firms to transition to the updated ISO 20022 standard. This follows the Swift community’s decision in 2018 to adopt ISO 20022 for cross-border payments and reporting. The global embrace… Read More >>
