Our proprietary system, Payres, is an independent application enabling parallel message conversion between SWIFT MT and SWIFT MX formats for SWIFT, SORBNET2 and TARGET2 systems, in accordance with the standard XML ISO 20022.
Payres supports back office applications that do not support the new format, or only partially. Our message broker facilitates automation of transactions processed between back office applications and external networks.
Unlike regular SWIFT MT/MX converters, our application does more than just “translate” messages. It enables automated use of data flowing between the bank’s core system and other systems.
Payres can be used for advanced reporting purposes or executing a variety of business rules that take effect in external systems. With Payres, the data that was previously stored and processed two-dimensionally, are now leveraged multi-dimensionally, creating added value for your bank.