• "Using Transformer has simplified the process of working with multiple industry messaging standards" Integration Architect, U.K Investment Manager
  • "We think Transformer is a fantastic product and it is an integral part of our Enterprise Messaging strategy going forward" Major American FI
  • "We were able to create, test and deploy mappings that took three months in XSLT within three business days" Latin American software company
  • "Independent tests scored Transformer at 100% for message transformation" SWIFT
  • "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
  • "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
  • "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
  • "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 the only messaging technology that we have found that really can be used by a business analyst" Major European Investment Manager
  • "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
  • "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’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
  • "I am indeed impressed and have not experienced this level of support from a corporate vendor to date. Excellent choice!" Major South African FI
  • "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 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
  • "We are very happy to be working with Trace Financial" Vivek Awashti, Chief Technology Officer, Currencies Direct
  • "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

SWIFT Standards Management

Every financial organisation using SWIFT messages has to assess the annual SWIFT MT (FIN) and MX Maintenance Standards Release, and determine:

  • What changes have been made to the SWIFT MT and MX messages that are used (or could be used) by our organisation?
  • What are the impacts / opportunities arising from these changes?
  • What changes need to be made to our processes for message generation, parsing, validation and transformation?

Transformer can help at every stage, from the standards upgrade itself, through the impact analysis to the prompt execution of necessary changes: 

Standards libraries maintained by Trace Financial

The Transformer SWIFT standards message libraries - covering the entire MT and MX range, along with a suite of pre-built MT-MX mappings - are upgraded each year by Trace Financial and supplied directly to clients.

Within a Transformer Project, these libraries are referenced in a single central location, so where e.g. ‘SWIFT 2015’ becomes ‘SWIFT 2016’, just one change ensures that the entire Project ‘switches over’ to reference the new standard. 

Impact investigation

Transformer's powerful 'Where Used' functionality assists with impact analysis by identifying every usage of a chosen field within a Transformer Project, including:

  • All message definitions which include the chosen field – Transformer can give details of all the places where a field affected by the Standards Release is used in message definitions.
  • Usage of fields in mappings, etc - Transformer reports on all mappings of the chosen field (e.g. between SWIFT messages and other data formats).

Regression testing

Transformer makes it easy to ensure that any maintenance work carried out has not had any impacts other than the expected and anticipated changes. 

Once a mapping has been created, it is possible to associate many sets of test data with it, and later to execute the entire group in a single run. Transformer retains the successful results of a test as the ‘expected results’ for future regression tests and is thus able to identify every change and highlight them to the user. This example shows a change, a deletion and an insertion identified during a test run:

 

In this way changes caused by message definition changes, library releases, mapping changes or database related issues can easily be spotted. These individual tests and suites can contain multiple test cases and allow categorisation of test runs.

Benchmark values can also be obtained by running and timing multiple iterations of test runs, allowing complex mappings to be analysed for performance issues.

To find out more about managing SWIFT Standards with Transformer please contact us

The full range of Transformer features can be explored here

 

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