What Is webMethods Module for SWIFT?
webMethods Module for SWIFT provides message exchange over the SWIFTNet messaging services and enables you to do the following:
Map data easily from any source format to any target format.
Manage data dictionary standards and validation.
Monitor and control message flow.
Provide exception handling.
Archive inbound and outbound messages.
SWIFT Module consists of two components to facilitate parsing, validation, and transport of messages: SWIFT FIN and SWIFTNet.
SWIFT FIN interacts with the SWIFT Network through the SWIFT Alliance Access interface (SAA).
SWIFTNet interacts with the SWIFT Network through the SWIFT Alliance Gateway (SAG) interface.
The following diagram illustrates the webMethods SWIFT solutions architecture.
Important:
With payment systems of all reserve currencies adopting ISO 20022, the financial community with consensus has decided to move to Financial Institution payments and reporting. SWIFT is facilitating this community-wide adoption of the ISO 20022 Programme and moving towards adopting it.
In the SWIFT module, ISO 20022/MX messages are supported, to provide structural and semantic validation for ISO 20022/MX messages.
