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:
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Map data easily from any source format to any target format.
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Manage data dictionary standards and validation.
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Monitor and control message flow.
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Provide exception handling.
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Archive inbound and outbound messages.
SWIFT Module consists of two components to facilitate parsing, validation, and transport of messages: SWIFT FIN and SWIFTNet.
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SWIFT FIN interacts with the SWIFT Network through the SWIFT Alliance Access interface (SAA).
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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.