ConnectIQ ISO 20022 Data Hub


Smart Migration, reconciliation and testing capabilities to leap safely to ISO 20022

ISO 20022 is the emerging messaging standard for payment market infrastructures around the world, from high-value payments systems and low-value payments systems and CBPR+ to the securities and foreign exchange markets. By the end of 2025, 87% of high-value payment systems will have migrated to the ISO 20022.

Many major companies now mandate the use of ISO 20022 for all new projects internally, and centralized services worldwide, such as payment infrastructures, are swiftly migrating to this standard.

ISO 20022 migration and SWIFT MT and ISO 20022 coexistence are high on the agenda. During the 32-month coexistence period, all financial institutions connecting to SWIFT must be able to receive both SWIFT MT and ISO 20022 messages which is proving to be a challenging requirement.
Simplifying and De-risking the Migration and reconciliation process


Validata can support banks and financial institutions for the migration and coexistence of SWIFT MT and MX formats. It enables organizations to migrate to ISO 20022 standard and store rich information without disruptions and large-scale changes, by providing an all-in-one, no-code ‘super app’ for real-time legacy migrations, AI-powered end-to-end reconciliation and exception management and end-to-end automated testing that seamlessly integrates with the demands of the new standard.


The platform is designed to manage large and complex data sets both in the cloud and on-premise, integrating and enriching diverse data sources along with the payment processes.
A centralised data hub acting as the orchestrator for all your transactions

Supports all ISO 20022 payment messages across Swift, CBPR+, regional HVPS+, and instant payment schemes
Powerful data transformation to and from any data format with built-in validations
Data validation and enrichment
Data Archiving and ability to preserve the original data sent and received
Ready-built SWIFT MT <> ISO 20022 mapping libraries that capture all of the details of the ISO 20022 standard in a business-friendly way
Provides Audit and Process Control to ensure that compliance standards and regulations are met
Comparison of Different Message types
Automated reconciliation of payments with various message types (SWIFT, SEPA, Target2, SIX Chaps, or RTGS) and payment schemes
Analytics and reporting
ConnectIQ co-exists with existing translators

ConnectIQ is designed to manage data transformation risks inherent to environments where MT and MX systems co-exist, and for all environments where translators are used. The platform can work together with ISO 20022 translators commonly used in the industry.

It can save, organize, and connect translated messages in both MX and MT formats.
It can also pinpoint and connect specific elements within each message for managing truncation (shortening) and generating reports.


Test automation for payments and ISO 20022


Testing ISO 20022 can be challenging as it covers a lot of different financial messages, like payments, securities and trade finance.

Validata provides a complete, AI-powered end-to-end testing solution powered by AI, machine learning and analytics that allows organisations to simplify and accelerate their payments testing related to ISO 20022 messages and processes.

The platform’s ability to automatically generate synthetic data will give a unique jumpstart as synthetic data is relevant for ISO 20022 migration because banks lack ISO 20022 reference data.
Test and validate SWIFT messages to verify compliance with both SWIFT MT and the new ISO 20022 standard
Pre-built composable end-to-end test scenarios for incoming and outgoing Swift Messages
Synthetic test data generation for all ISO 20022 Messages
Integration testing for different systems and configurations that need to be tested for compatibility, through smart API integrations.
One single test portal for your end-to-end testing, covering Message, API, payments, and core banking testing
Continuous regression tests to ensure quality
Integrated Risk-based Methodology
AI-automated defect detection and root cause analysis

Want to know more?


Copyright © 2018 Validata Group

powered by pxlblast
Our website uses cookies. By continuing to use this website you are giving consent to cookies being used. For more information on how we use cookies, please read our privacy policy