New financial messaging standards, such as ISO 20022, present significant opportunities to automate operational processes. Also, the rapidly evolving message landscape places more pressure on financial institutions as they focus on market volatility and tighter regulations.
What is the Transformation and Enrichment Service?
Bottomline offers a hosted service dedicated to the transformation and enrichment of messages from one network format to another.
ISO 20022 migration programs are happening in their droves across payment market infrastructures all over the world. This service enables clients to move at their own pace in converting legacy formats to ISO 20022 and vice versa.
Enhancements are introduced incrementally to ensure compliance with the mandatory changes taking place. Take advantage of long-term support that evolves to assist your requirements via core mappings or custom mappings, depending on the project.
Within the service there are a range of ways to manage the inevitable truncation through enrichment, enhanced fields, and supporting information. This ensures a more seamless journey to ISO 20022.
Why Choose Bottomline?
- Take advantage of a solution dedicated to the transformation of message data.
- Ensure you can move systems at your own pace as messaging requirements change.
- Available as a Standalone Micro Service or fully integrated with Bottomline messaging interfaces.
As an integrated part of the Bottomline platform, or consumed standalone, the service allows you to manage your message transformation needs in one place.
Leveraging our global experience, we forge a best practice approach for your institution — assessing your unique challenges to build a strategy that ensures prompt and effective implementation.
Bottomline can support our customers in completing their ISO 20022 implementation as seamlessly as possible, all whilst ensuring that they fully leverage the benefits of ISO across their entire ecosystem.
Benefit from a hosted solution that is dedicated to the transformation and enrichment of messages from one format to another.
"As a satisfied customer, we were confident that by partnering with Bottomline on the message transformation project, we would achieve our primany objective of being able to comply with the ISO 20022 messaging standards within the deadlines set by the BSP. Choosing Bottomline to work with on this project was simply a given."
Rodel Garcia, Head of the Fund Transfer Department at EastWest Bank.
Related Solutions
Message Transformation & Enrichment
Effortlessly manage message transformation and meet ISO 20022 deadlines with our intelligent data transformation engine. Get a demo now!
