The financial services industry is undergoing a critical transformation with the global shift from SWIFT MT messaging formats to ISO 20022-compliant MX messages. This shift is not just about compliance—it’s about unlocking the full potential of data-rich, structured financial messaging.
As institutions accelerate their MT to MX migration, the need for seamless, real-time message transformation and interoperability is vital. At the same time, the coexistence period demands robust SWIFT MX to MT conversion capabilities to support legacy infrastructures. Fiorano Software addresses both challenges with a future-proof, high-performance middleware platform that ensures ISO 20022 readiness with minimal disruption.
Why ISO 20022 Migration Is a Strategic Imperative
ISO 20022 introduces a globally accepted, XML-based standard for electronic data exchange in the financial sector. Unlike the flat, unstructured SWIFT MT messages, ISO 20022 MX messages deliver:
1. Richer data formats
2. Better interoperability across markets
3. Enhanced compliance and analytics
4. Improved automation and reconciliation
However, achieving full ISO 20022 compliance involves a complex transformation across systems, workflows, and data models—making MT to MX migration and MX to MT conversion essential capabilities.
Challenges in MT/MX Coexistence and Dual Messaging
As SWIFT mandates ISO 20022 for cross-border payments and financial reporting, institutions must operate in dual-message environments—sending and receiving both MT and MX messages. This presents several challenges:
1. Data Mapping Complexity: MT fields don’t always align with MX structures, requiring semantic translation.
2. Legacy System Constraints: Older systems may not support XML or enriched data models.
3. Regulatory Pressure: Ensuring compliance with ISO standards demands rigorous validation.
4. Operational Risk: Manual mapping or unstable conversions can lead to data loss or failed transactions.
This is where Fiorano Software Technologies Pvt. Ltd. provides unmatched value.
Fiorano’s Approach to MT to MX and MX to MT Migration
a. SWIFT MT to MX Conversion
Fiorano delivers real-time, schema-compliant transformation from SWIFT MT messages to ISO 20022 MX formats. The platform provides:
1. Prebuilt mapping templates for common payment messages (MT103 → pacs.008, MT940 → camt.053, etc.)
2. Contextual data enrichment for missing MX fields
3. Full ISO 20022 schema validation before message delivery
b. SWIFT MX to MT Conversion
Many institutions still operate internal applications that rely on MT formats. Fiorano supports reverse SWIFT MX to MT conversion, allowing MX messages to be translated into legacy formats—without compromising the original intent or integrity of the data.
This is especially crucial for internal reconciliation engines, legacy core systems, and downstream applications yet to be modernized.
Key Capabilities of Fiorano’s ISO 20022 Solution
Fiorano’s ISO 20022 solution offers a powerful set of capabilities tailored to meet the evolving needs of financial institutions. With bi-directional MT/MX support, it enables smooth coexistence and transformation of legacy and ISO 20022 messages, ensuring uninterrupted operations during the migration phase. The platform’s low-code integration tools simplify and accelerate implementation, allowing teams to build workflows quickly using drag-and-drop interfaces. Real-time processing capabilities ensure high throughput and low latency, making it ideal for managing time-sensitive payment traffic in today’s fast-paced environment.
Moreover, Fiorano ensures full compliance readiness with built-in schema and rule-based validations that align with ISO 20022 standards. The solution includes plug & play adapters for seamless connectivity with SWIFT interfaces, core banking systems, and payment hubs—reducing integration complexity and time-to-value. Designed with scalability, accuracy, and performance in mind, Fiorano provides a future-proof foundation for institutions embarking on their ISO 20022 migration journey. It’s the ideal platform to transform regulatory compliance into a competitive edge.
Fiorano’s platform is designed for speed, accuracy, and scalability—making it the ideal choice for institutions preparing for the ISO 20022 era.
Use Case Snapshot: Real-World Deployment
A Tier-1 bank in the Middle East deployed Fiorano’s middleware to manage dual-format messaging across over 50 internal systems. Within weeks, they achieved:
1. Zero message rejections from SWIFT post-conversion
2. 80% reduction in manual reconciliation tasks
3. Complete coexistence readiness across payments and reporting messages
The Benefits of Partnering with Fiorano
1. By leveraging Fiorano for your MT to MX migration and SWIFT MX to MT conversion needs, you gain:
2. Faster ISO 20022 compliance
3. Cost savings through automation and reuse
4. Reduced risk of message failures or regulatory penalties
5. Full visibility into message flows and data transformations
6. A platform that evolves with future messaging updates
Conclusion: Make ISO 20022 Migration an Advantage, Not a Burden
The shift to ISO 20022 is more than a regulatory necessity—it’s a digital transformation opportunity. Whether you’re looking to modernize payments, streamline operations, or future-proof your compliance infrastructure, Fiorano Software delivers the agility and robustness your institution needs.
From complete SWIFT MT to MX conversion to flexible MX to MT reverse mapping, Fiorano empowers you to take control of your messaging landscape with confidence.
Why Choose OdiTek to Accelerate Your MT/MX Migration with Fiorano?
1. Expertise in ISO 20022 Migration: With hands-on experience in SWIFT MT to MX transformations, OdiTek ensures smooth and standards-compliant migration using Fiorano’s robust integration platform.
2. Seamless Fiorano Implementation: Our team specializes in implementing Fiorano Software to enable real-time message transformation, validation, and routing—all critical for ISO 20022 readiness.
3. Custom-Tailored Solutions: We offer end-to-end support—from gap analysis and strategic planning to deployment and maintenance—customized to your bank’s infrastructure and compliance goals.
4. Accelerated Time-to-Compliance: By leveraging Fiorano’s advanced capabilities and OdiTek’s integration expertise, we reduce migration timelines while ensuring full compliance.
5. Ongoing Support & Optimization: Post-migration, we help you continuously optimize and adapt your messaging infrastructure as regulatory and business needs evolve.
Contact us today to discover how OdiTek can help your business achieve seamless MT to MX and MX to MT migration for complete ISO 20022 readiness with Fiorano.
Let’s turn your messaging transformation into a competitive advantage.
