MyStandards Premium

MyStandards Premium+ is a collaborative online platform that allows you to develop, publish and share your own message specifications in any format across any channel, payment type and market –internally and with counterparties - in a structured and consistent way.

You can also control who has access to your message specifications.

You can easily reuse message specifications defined in MyStandards in Swift interfaces and Swift Translator, ready for implementation.

When financial institutions onboard new customers, message testing through MyStandards Premium+ helps reduce onboarding times and costs by an average of 50%.

As a MyStandards Premium+ user, you can create customised testing portals for each individual customer, or generic portals for categories of customers. The testing portal allows users to test sample messages against specifications. Using the Responder feature, you can receive a positive or negative response message from the valid input test message.

You have direct access to the information needed and can test independently. This results in fewer issues during the end-to-end testing phase, fewer calls into customer service or implementation teams, and faster entry into new markets and business relationships. 

The application also lets you configure the support channel for each portal, so that customer queries reach the right team fast, and you can fully monitor your customer’s testing progress and offer assistance where needed.

By using Swift Translator alongside MyStandards, you can go beyond MTs and ISO 20022, and use MyStandards for any type of message format.

Testing the many different messaging formats used across the financial services industry can be time-consuming and add complexity to customer onboarding. Swift Translator allows you to define any message format, import formats from files and message libraries, or define your own formats from scratch with no coding requirements.

As a MyStandards Premium+ user, you benefit from the same features as MyStandards Lite users:

Access structured standards content instantly, including base standards (MT and ISO 20022), change requests, and message specifications, all marked up for clear interpretation.

Easily compare different versions and analyse the impact of new standards releases on your business with MyStandards Premium+, which allows for a simplified analysis and implementation process.

Automate the creation of multi-format documentation, including PDFs, XLS spreadsheets, and XML schemas, for base standards and message specifications.

Ensure full compliance by testing your sample messages against both base standards and upcoming Standards Releases, as well as specific message specifications with MyStandards Premium+.