Society for Worldwide Interbank Financial Telecommunication (SWIFT)

SWIFT today announces the availability of its new In-flow Translation service and confirms that it now offers a full ISO 20022 customer testing environment for cross-border payments. In-flow Translation will enable financial institutions to realise the benefits of rich data when they migrate to ISO 20022, even if their counterparts have not yet adopted the standard. The availability of a test environment means that customers can now prepare for ISO 20022 a year before it goes live. The service translates rich ISO 20022 messages into the existing MT format for ...