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

Initiatives in financial messaging

Public and industry-wide initiatives of many kinds create high-priority projects that often override the internal needs of the business. Regulation has been the outstanding driver in recent years, and has consumed the lion's share of firms' IT budgets.

Financial messaging requirements are often central to these initiatives, but the complexity of today's message structures can be a major source of cost overruns and delays. Trace Financial has the products, experience and expertise to help businesses to master these issues:

Payments

PSD2 - the revised Payments Services directive

PSD2 is forcing banks to move to open APIs - and these must use ISO 20022. Here's how Transformer can help.

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Payments messaging

Transformer empowers analysts and developers to create, validate, transform and process payments messages far faster than any other method. 

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MX messaging initiatives

MT-MX coexistence

The coexistence of SWIFT MT and MX messages is becoming a real issue for many financial institutions. Transformer offers a complete MT-MX solution.

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TARGET2 migration to MX payments

TARGET2, the eurozone's overall RTGS, with more than a thousand participant banks, will migrate its payments messages to MX - and Transformer can help 

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SWIFT Funds Migration to MX

Under SWIFT's Funds Migration Programme, funds players who are still using ISO 15022 (MT) messages for funds are migrating to the ISO 20022 (MX) equivalent messages. With its powerful capabilities and ready-built MT-MX mappings, Transformer is the ideal solution.

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Target2-Securities (T2S)

Target2-Securities (T2S) uses ISO 20022 (MX) messaging, but as with all projects based on global standards, the T2S implementation specifies many restrictions and variations - along with some completely new message types. Transformer is ideal in this 'standard-with-variation' scenario.

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Other initiatives

Post-trade reporting

Dodd Frank, EMIR and a rapidly growing roster of Asian jurisdictions now require  complex OTC trade data to be reported to approved Trade Repositories (TRs).

Transformer has helped major financial institutions to create high-quality, easily maintained mappings that convert in-house data to fully compliant OTC trade reports.

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CREST Funds Settlement

Funds administrators, transfer agents and distributors are connecting with Euroclear UK & Ireland's CREST in increasing numbers, and Trace Financial's CREST Bridge is their first choice for integration.

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