SWIFT Message Tracking

Discover and Track SWIFT Messages

The world’s largest financial service firms use AutoPilot® to monitor applications such as compliance, payment and fraud detection.


SWIFT

SWIFT – the Society for Worldwide Interbank Financial Telecommunication provides a network to allow financial and non-financial institutions to transfer financial transactions via a ‘financial message’.

Nastel for Tracking SWIFT 

Nastel AutoPilot discovers SWIFT messages running over IBM MQ, extracts SWIFT tags from messages and stitches these messages together into a business transaction flow.

In real-time it tracks the performance of these transactions which it compares to service level agreements (SLAs). AutoPilot utilizes its analytical engine to detect and alert on potential or actual breaches.
swift

This example illustrates Foreign exchange (MT300) business transactions containing SWIFT messages.

Nastel discovers the message flow and displays important line-of-business (LOB) involvement in Financial Enterprise such as Compliance and Audit (OFAC), Trading (CALYPSO), SWIFT confirmations matching status (TRAM), Cash Management, Payment System (GPS), SWIFT Alliance Access (SAA), and regulatory parties such as FED & CHIPS and DTCC.

Also, as part of MT300/MT320 process AutoPilot discovers and correlates the following SWIFT message types:



MTs 202/203/205

Financial Institution Transfer messages

MTs 900/910/950

Confirmation of Debit/Credit and Statement.

This message in the example is exchanged by or on behalf of the institutions or corporates, party A and party B, which have agreed to a foreign exchange contract.

This message may also be sent by a money broker to the two parties (party A and party B) for which the broker arranged the deal.



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Disclaimer

Information contained in this data sheet is up-to-date and correct as at the date of issue. All product, product specifications and data are subject to change without notice to improve reliability and function of our software. To the maximum extent permitted by law, Nastel Technologies, Inc. will not be responsible for damages of any nature resulting from the use or reliance upon the information contained in this data sheet. No express or implied warranties are given other than those implies mandatory by law.