Veracious
MT-MX Converter

Bridge legacy and modern messaging with seamless SWIFT MT–MX transformation.
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Seamless Message Conversion with bidirectional support

The Veracious MT-MX Converter is a critical enabler for global financial messaging transformation, offering banks a future-ready, flexible, and compliant solution to bridge the gap between legacy and modern formats. 

The Veracious MT-MX Converter is a specialized financial messaging tool that enables seamless conversion between MT formats and MX formats. This converter helps banks and financial institutions transition from legacy MT messages to the modern MX standard, which is now becoming the global norm for financial messaging. 

This tool ensures that financial institutions can interoperate with both old and new systems, enabling smooth and compliant data exchange across domestic and international payment ecosystems. 

Bidirectional Format Conversion

Converts MT to MX and MX to MT message formats for payment, settlement, and financial messaging use cases.

Message Validation

Validates syntax, structure, and mandatory fields based on SWIFT and ISO 20022 standards.

Data Mapping & Enrichment

Maps fields between formats and enriches data where necessary to meet compliance or operational needs.

Integration with Core Systems

Connects with internal banking systems, payment gateways, or SWIFT networks for end-to-end message processing.

Features

High-Speed Real-Time Message Translation

Seamlessly convert financial messages between SWIFT MT and ISO 20022 MX formats with minimal latency, built to support high-volume, real-time environments. 

Intelligent Error Detection & Validation

Automatically detect missing fields, format mismatches, or data inconsistencies, and generate comprehensive error logs for quick diagnosis and resolution. 

Flexible Mapping Engine for Custom Rules

Customize translation logic with a configurable mapping engine, enabling banks and financial institutions to tailor message flows to their specific operational standards. 

Secure Message Handling & Delivery

Ensure every message is transmitted securely using encryption, preserving the confidentiality and integrity of sensitive financial data. 

Benefits

Regulatory Compliance

Ensure adherence to key regulatory mandates and global payment market practice standards, including SWIFT ISO20022 CBPR+ guidelines.

Actionable Insights

Gain extensive data-driven analytical insights to inform decision-making and avoid shallow conversion approaches.

Comprehensive Coverage

Leverage coverage of all standard legacy SWIFT messages (MT) and their equivalent ISO20022 CBPR+ messages (MX), as well as vice-versa mapping.

Expert-Driven Mapping

Benefit from comprehensive built-in mapping, powered by market analysis and operational insights from industry experts.

Seamless Integration

Enjoy simplicity and seamless implementation of the converter workflow into your current payments ecosystem.

Extensibility

Extend the solution to accommodate local or global proprietary payment schemes.

End-to-End Payments Processing

Cater to the entire payments process flow for MX messages, beyond mere technical mapping exercises.

Features

Bi-Directional Conversion Engine

Accurately translates messages between SWIFT MT and ISO 20022 MX formats (e.g., MT103 pacs.008) using compliant mapping rules (CBPR+).

Data Enrichment & Augmentation

Automatically enhances messages with required data like LEIs, structured addresses, and purpose codes for MX readiness and STP.

Comprehensive Validation

Validates messages against schemas (XSD), network rules (NVR), usage guidelines (CBPR+), and custom business rules pre- and post-conversion.

Seamless Integration

Easily connect with payment hubs, middleware, and core systems via modern APIs (REST/SOAP) or secure file transfer (SFTP).

Flexible Configuration

Tailor mapping logic, validation rules, and enrichment processes to your specific business needs and market practices via an intuitive interface.

High Performance & Scalability

Engineered to handle high message volumes efficiently and scale seamlessly to support business growth and peak processing demands.

Robust Security

Protects sensitive payment data with end-to-end encryption, role-based access control, and secure deployment practices.

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