Enabling Indonesian bank in ISO 20022 Transformation with FINaplo Financial Messaging Libraries

Enabling Indonesian bank in ISO 20022 Transformation with FINaplo Financial Messaging Libraries

A leading bank in Indonesia

ISO 20022 CBPR+, FINaplo Financial Messaging Libraries

  • Support one of the largest Banks in Indonesia in transitioning to ISO 20022 messaging standards.
  • Assist in processing, validating, and transforming SWIFT MT and MX financial messages.
  • Ensure compliance with global payment standards while maintaining operational efficiency.
  • Deployment of FINaplo Libraries: We integrated FINaplo Financial Messaging Libraries into the bank’s existing systems. These libraries provided robust capabilities for parsing, building, and validating ISO 20022 messages, enabling a seamless transition from legacy SWIFT MT formats​. This allowed the bank to adopt ISO 20022 while maintaining compatibility with existing message formats.
  • Message Transformation and Validation: The FINaplo libraries offered automatic translation between SWIFT MT and ISO 20022 messages, ensuring that the bank could handle both formats during migration. This functionality minimized disruption and allowed the bank to continue operating smoothly while adapting to the new standards​.
  • Online Service for financial messages: We provided access to a unique Online portal that helps users validate and translate any SWIFT MT or MX financial message to accelerate the quality assurance process.
  • Operational Efficiency and Compliance: Using the FINaplo libraries, the Indonesian bank achieved automated validation of ISO 20022 messages against the latest standards. This automation significantly reduced manual intervention, ensuring faster processing times and lower error rates.
  • Annual updates: The financial messaging tools are updated annually, immediately after the new rules are publicized by governing authorities and SWIFT ensuring continuous compliance with ISO 20022 standards.