• "Transformer is the only messaging technology that we have found that really can be used by a business analyst" Major European Investment Manager
  • "From watching the demo I am able to use the product straight away and create and test complex messages and mappings quickly and easily" Regulatory Reporting Authority
  • "Transformer’s ability to elegantly handle complex financial messaging scenarios is proof both of its power and of Trace's depth of understanding of the standards" SWIFT
  • "With Transformer handling the complexity behind the integrations, our teams can concentrate on our payment product - instead of worrying about technical message transformations" Vivek Awashti, Chief Technology Officer, Currencies Direct
  • "We think Transformer is a fantastic product and it is an integral part of our Enterprise Messaging strategy going forward" Major American FI
  • "Transformer has brought a great deal of agility to the development of our next generation of payment frameworks, and also made it much more efficient" Vivek Awashti, Chief Technology Officer, Currencies Direct
  • "The in-built testing capabilities of Transformer have allowed us to validate the integrity of new message formats … much more quickly, and with greater confidence" Capital Markets Service Provider and Reporting Authority
  • "Independent tests scored Transformer at 100% for message transformation" SWIFT
  • "We are happy to have selected Trace Financial and to use Transformer as part of the overall solution" SWIFT
  • "I am indeed impressed and have not experienced this level of support from a corporate vendor to date. Excellent choice!" Major South African FI
  • "We implemented a SWIFT message in half a day; the programmer said it would normally take him five days " Tier One Global FI
  • "With such a powerful tool in place we’re now thinking of extending our message conversion services to other business areas" Sergei Putyatinsky, CIO, NSD Moscow
  • "Transformer is an integral tool within our technology infrastructure, helping to further accelerate the speed to market as we on-board clearing banking partners in new countries" Head of Product Management, Earthport
  • "Transformer … has enabled our business analysts and Quality Assurance team to create and comprehensively test financial message transformations" Capital Markets Service Provider and Reporting Authority
  • "We were able to create, test and deploy mappings that took three months in XSLT within three business days" Latin American software company
  • "We are very happy to be working with Trace Financial" Vivek Awashti, Chief Technology Officer, Currencies Direct
  • "Transformer gives us more flexibility to support the diversity of our rapidly-growing client base, and to ease the integration process for new clients " Head of Product Management, Earthport
  • "Using Transformer has simplified the process of working with multiple industry messaging standards" Integration Architect, U.K Investment Manager
  • "Transformer has … allowed us to use analysts rather than developers to build our mappings, improving our time-to-market, reducing cost and increasing the quality of our solutions" Integration Architect, U.K Investment Manager
Transformer MT-MX

MT-MX coexistence

ISO 20022 (MX) messaging is making rapid progress. Adoption is being driven forward by a wide range of major projects, such as the new SEPA 'instant' credit transfers (going live in November 2017).

But given the huge numbers of financial institutions that still rely on ISO 15022 (MT) messaging, the larger and more globally oriented banks will need to support both MT and MX for some years. This is 'coexistence', and its most challenging aspect is of course the need to reliably and accurately convert between MT and MX formats in both directions. ​For example, TARGET2 has migrated to MX, but its participant banks continue to communicate with many correspondent banks using MT formats.

Many banks also have legacy systems which can only handle MT messages, so MT-MX conversions are needed internally.

Transformer offers a complete solution which fully solves the complex issues involved in bi-directional mapping between MT and MX formats. 

Ready-built MT-MX Mappings 

Building on Transformer's powerful capabilities in SWIFT messaging, Transformer for MT-MX comprises the complete set of both ISO15022 and 20022 (MT and MX) message definitions, along with completely realised mappings for numerous MT-MX pairs. These mappings use a range of special mapping functions created by Trace Financial to handle the conversion of the most complex message components.

A complete solution to MT-MX coexistence has to be both customisable, to address the specific needs of each organisation, and maintainable, to allow for future changes in the standards.

Transformer's MT-MX mappings are easy to customise and maintain. Transformer requires no coding and keeps technical formatting such as tags in the background. This means that the analyst or developer can design and build changes to the mappings directly, with no error-prone hand-off to a separate coding team.  

For MT-MX coexistence Transformer offers a complete and robust solution that is available today.  

Mappings inventory 

The following is a list of the MT-MX transformations currently implemented in the  Transformer MT-MX Mappings Library. Additional message pair mappings can be provided on request:
  

Payments and statements, MT to MX

MT MX
MT101 pain.001.001.03
MT103 Core pacs.008.001.02
MT103 STP pacs.008.001.02
MT202 pacs.009.001.02
MT202COV pacs.009.001.02
MT900 camt.054.001.02
MT910 camt.054.001.02
MT940 camt.053.001.02
MT941 camt.052.001.02
MT942 camt.052.001.02
MT950 camt.053.001.02

 

Payments and statements, MX to MT

MX MT
pain.001.001.03 MT101  
pacs.008.001.02 MT103 Core
pacs.009.001.02  MT202
pacs.009.001.02 MT202COV

 

Funds, MT to MX

MT MX
MT502 REDM setr.004.002.01
MT502 SUBS   setr.010.002.01
MT509 INST setr.016.002.01
MT515 REDM setr.006.002.01
MT515 SUBS  setr.012.002.01

 

Funds, MX to MT

MX MT
setr.004.002.01 MT502 REDM
setr.006.002.01 MT515 REDM
setr.010.002.01 MT502 SUBS
setr.012.002.01 MT515 SUBS
setr.016.002.01 MT509 INST

 

Settlement and Reconciliations, MT to MX

MT MX
MT540 sese.023.002.01
MT541 sese.023.002.01
MT541 sese.036.002.01
MT542 sese.020.002.01
MT542 sese.023.002.01

 

Settlement and Reconciliations, MX to MT

MX MT
sese.023.002.01  MT540 
sese.024.002.01 MT548
sese.025.002.01 MT544
sese.025.002.01 MT545

 

Corporate Actions, MT to MX

MT MX
MT564 seev.031.002.02
MT564 seev.039.002.02
MT565 seev.033.002.02
MT566 seev.036.002.02
MT566 seev.037.002.02

 

Corporate Actions, MX to MT

MX MT
seev.031.002.02 MT564
seev.033.002.02 MT565
seev.036.002.02 MT566
seev.040.002.02 MT565

 

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