Finastra has launched a message format translation service for banks switching from Swift MT messages to the new ISO 20022 MX ...

This new standard employs an XML-based MX format, allowing more detailed transaction data, better interoperability, and ...

Migration to and adoption of ISO 20022 in correspondent banking (SWIFT ... The migration will end after a co-existence phase of MT and MX standard by November 2025 and all replaced MT message types ...

with value-added overlay services for Swift CBPR+ "While Swift's migration from MT to MX ISO 20022 messaging standards comes with many benefits, it can also present significant challenges for ...