Part of SR 2020, by November this year, every single MT103 on FIN payment will need to be confirmed to SWIFT within two business days. Financial Institutions have the option of confirming to SWIFT manually or via one of the automated methods approved by SWIFT.
Fiorano SWIFT-Confirm Pack, a part of Fiorano ISO 20022 Accelerator, offers an easy and accelerated path to confirm payments to SWIFT through all SWIFT approved automated routes including MT 199 confirmations, API calls and CSV batches.
Download Fiorano SWIFT-Confirm Pack brochure to read about: