Secure, efficient, and compliant financial messaging starts with selecting the right Swift rail. Each rail represents a unique delivery channel designed for specific transaction types, data formats, and business needs.
This guide makes it easy to compare your options and identify the rail that best supports your bank or NBFI's goals, whether that's improving operational efficiency, meeting compliance requirements, or driving modernization.
| Feature | FIN (MT) | Interact (MX) | Fileact |
|---|---|---|---|
| Format | Text (ISO 15022) | XML (ISO 20022) | Any Format |
| Delivery | Store-and-forward (SnF) for individual messages | SnF and Real-time for individual messages | SnF and Real-time for bulk files |
| Primary Use Case | Securities (MT5xx), FX (MT3xx), and other non-payment messages | As of Nov. '25 the only way to send payments | Reports, payroll, bulk data exchange |
| Multi-bank Reporting | Limited (legacy formats only) | Interactive delivery of account/payment data | Batch delivery of consolidated reporting files |
| Flexibility | Low | High | Very High |
| Migration Status | Legacy | Modern (default for payments post-2025) | Complementary |
Related Solutions
Connectivity Services
Securely process, reconcile, and manage the data in financial transactions within and between banks and non-banking financial institutions, domestically and internationally.
