Background

A leading global investment firm with centralized treasury operations and multiple international banking relationships sought to modernize its payment workflows. With SWIFT mandating the transition from MT101 to ISO 20022 pain.001 XML formats, the client engaged AceNet to design and execute a seamless, compliant, and future-ready payment transformation.

Approach

• Assessed legacy MT101 setup, interfaces, and SWIFT channel usage
• Created a transformation roadmap aligned with SWIFT CBPR+ and client-specific bank templates
• Developed robust mappings between flat files and pain.001 schema
• Designed fallback mechanisms and audit trails to ensure traceability
• Conducted pilot testing, UAT, and phased cutover with dual-format fallback

Results

• Seamless migration to ISO 20022 without service disruption
• Improved reconciliation and audit compliance
• Increased data richness with structured remittance and reference fields
• Standardized payment workflows across global banks
• Enabled future-readiness for SWIFT enhancements like Request-to-Pay

Tech Stack

• Current State Assessment & Gap Analysis
• Migration Strategy from MT101 to ISO 20022 pain.001
• E-payment Transformation & Validation Workflow Design
• OICS Integration Setup & Middleware Configuration
• End-to-End SWIFT Connectivity Enablement
• Testing, Rollout, and Reconciliation Design

Business/Solution Architecture

• Integrated workflow from Oracle ERP to bank via SWIFTNet/FileAct
• Mapping logic and transformation rules for MT101 to pain.001
• Modular processing layers (validation, enrichment, compliance)
• Automated reconciliation using pain.002 status messages
• Audit trail and internal logging systems embedded in e-payment hub