Financial Services standards

The IBM Transformation Extender Pack for Financial Payments, uses the strength of the data definitions and transformation capabilities from various key financial services standards.

The following industry standards are supported:
  • NACHA, which provides support for clients that need to validate, create, or transform ACH messages.
  • Single Euro Payments Area (SEPA) - based on ISO 20022
  • Society for Worldwide Interbank Financial Telecommunication (SWIFT). The SWIFT standards include the following standards:
    • SWIFT MT - based on ISO 7775 and ISO 15022
    • SWIFT MX - based on ISO 20022
  • Generic ISO 20022-based XML not covered under the SWIFT or SEPA standards. This supports a tool that can standardize messages across all payment types.