SWIFT MyStandards is a collaborative web platform designed to improve the management of global standards and related market practices.
Understanding SWIFT MyStandards
MyStandards is a SWIFT service intended to help the financial community in standardizing their processes. It is a central repository of standards definitions and usage guidelines which helps organizations better define, document, and test their messaging implementations.
Key Features and Benefits
- Collaboration: It offers a collaborative environment for managing standards.
- Central Repository: Acts as a single source of truth for global standards.
- Improved Management: Helps organizations better manage global standards and related market practices.
- Standardization: Facilitates the standardization of financial messaging processes.
MyStandards Functionality
MyStandards allows users to:
- Access Standards: Access the latest ISO standards content and SWIFT messaging standards.
- Create and Manage Standards: Define and manage customized messaging standards.
- Collaborate: Share and collaborate on standards definitions with internal and external parties.
- Test and Validate: Test and validate messaging implementations against defined standards.
