• "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
  • "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 think Transformer is a fantastic product and it is an integral part of our Enterprise Messaging strategy going forward" Major American FI
  • "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
  • "Independent tests scored Transformer at 100% for message transformation" SWIFT
  • "We are very happy to be working with Trace Financial" 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
  • "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
  • "We implemented a SWIFT message in half a day; the programmer said it would normally take him five days " Tier One Global FI
  • "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
  • "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
  • "We were able to create, test and deploy mappings that took three months in XSLT within three business days" Latin American software company
  • "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 is the only messaging technology that we have found that really can be used by a business analyst" Major European Investment Manager
  • "Using Transformer has simplified the process of working with multiple industry messaging standards" Integration Architect, U.K Investment Manager
Transformer message standards

Financial message standards

Financial message standards are hugely more complex than even a few years ago, and still evolving rapidly. Trace Financial has world-class expertise in working with all of the major standards used today and this is reflected in the functionality in Transformer including support for:

  • SWIFT MT (ISO 7775, ISO 15022) all messages & rules
  • ISO 20022, SWIFT MX including cross-field validation
  • CBPR+, Target 2, Euro 1, CHATS, MEPS+, Lynx, P27 and extensible to any planned ISO 20022 migration programme
  • JSON Schemas and Swagger API specs, POJO
  • ISO 8583 including Faster Payments
  • CREST/SECOM/MT 54X variants… securities depository
  • Payments - NACHA/ACH/SIC/NEFT/MT/ISO 8583/BACS/Canada EFT etc
  • OMGEO
  • FpML & FIX (Multiple Versions) for orders, trading
  • Trade Reporting EMIR/ESMA, Dodd-Frank e.g. DTCC; CME; UnaVista; Regis-TR
  • Corporate Actions – MT 56X, ISO 20022, Telekurs etc.
  • Pre-defined MT-MX mapping libraries
  • XML – Automated schema import
  • POJO/JSON – Automated import
  • COBOL Copybook
  • MS Excel – Including extensive format features
  • Fixed Width
  • Separated (e.g. CSV or any type of delimited format)
  • Tagged Separated - Ability to ‘learn’ from sample messages
  • Extensible to any format…

SWIFT Standards

Trace Financial has worked with SWIFT and SWIFT Standards for many years, developing an unrivalled depth of expertise - and it is all packed into Transformer.

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ISO 20022

ISO 20022 is spreading fast, but its high complexity sets a new level of challenge. Here is the best way of delivering projects that use it.

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JSON and APIs

Transformer now offers a rich array of functionality to tackle API-based messaging projects, with their reliance on JSON formatting and Schemas, and Swagger API specs.

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ISO 8583 / Faster Payments

ISO 8583 is based on a bitmap element which dictates the structure of the message and exists in several versions including the Faster Payments Scheme.  Let us show you how Transformer handles these formats and validations with ease.

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FpML

OTC Derivatives are highly complex, and so is FpML. This advanced message standard has many special features - and Transformer has them all covered.

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Euroclear UK & Ireland's CREST

Trace Financial helps a diverse range of financial businesses and vendor partners to integrate easily and efficiently with Euroclear UK Ireland's CREST service. 

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Trax

TRAX, the bond matching system operated by Xtrakter, uses its own flavour of the ISO15022 and 20022 (MT and MX) standards.

Trace Financial and Transformer played a crucial role in the QA testing of TRAX messages when they were first introduced. 

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Bespoke and Proprietary formats

Not all formats are globally defined, these bespoke and proprietary formats require parsing and mapping to/from other standards. Transformer is built to support any format with ease. Let us show you how.

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