SWIFT Software Documentation Services by AstraAxis Systems

Introduction: Why SWIFT Software Documentation is Critical?

The global banking industry is migrating from SWIFT MT messages to ISO 20022 MX formats. This transition requires financial institutions to update their software documentation for:
✔ Seamless integration with SWIFT MX messages
✔ Regulatory compliance (AML, KYC, FATF, Basel III)
✔ Error-free financial transactions & message validation
✔ Operational efficiency in cross-border payments

AstraAxis Systems specializes in SWIFT software documentation, ensuring banks, fintech companies, and payment service providers have clear, structured, and regulatory-compliant documentation.

1. SWIFT Software Documentation Services by AstraAxis

✅ SWIFT MX Message Documentation (ISO 20022 Compliance)

• Detailed format specifications for PACS, CAMT, and TSMT messages.

• MT to MX mapping guide for banks migrating from legacy SWIFT formats.

• Error-handling documentation for SWIFT payment failures.

📌 Example Message Mapping:

MT MessageEquivalent MX MessagePurposeMT 103PACS.008Single customer credit transferMT 202PACS.009Bank-to-bank transferMT 940/950CAMT.053Account statementsMT 192CAMT.056Payment cancellation

✅ SWIFT API Documentation & Integration Guides

• RESTful & SOAP API documentation for SWIFT payment processing.

• SWIFTNet integration workflows with JSON/XML request-response examples.

• Security & authentication guidelines (OAuth 2.0, JWT, API keys).

📌 Example API Endpoints:

EndpointFunction/swift/payments/initiateInitiate a PACS.008 payment transaction/swift/payments/status/{txn_id}Check real-time payment status/swift/payments/cancel/{txn_id}Cancel or recall a transaction (CAMT.056 equivalent)

✅ SWIFT UAT & Test Case Documentation

• User Acceptance Testing (UAT) scenarios for ISO 20022 migration.

• Regression testing documentation for SWIFT MX message validation.

• Error codes, troubleshooting, and resolution guides for message failures.

📌 Example UAT Scenarios:
✔ MT to MX message transformation validation.
✔ Real-time transaction status verification.
✔ Handling duplicate payments & fraud detection testing.

✅ SWIFT AML & Compliance Documentation

• KYC & UBO (Ultimate Beneficial Ownership) verification in SWIFT MX.

• AML screening workflows in PACS.009 transactions.

• Sanctions list checking & regulatory reporting documentation.

📌 Compliance Standards Covered:
✔ FATF (Financial Action Task Force)
✔ Basel III & PSD2 compliance
✔ ISO 27001 & PCI-DSS data security guidelines

2. SWIFT Software Documentation Process by AstraAxis

📌 Step 1: Requirement Analysis & System Audit
✔ Evaluate existing SWIFT MT message documentation.
✔ Identify gaps in ISO 20022 migration strategy.

📌 Step 2: API & Message Documentation Development
✔ Create structured API & SWIFT MX message guides.
✔ Develop detailed payment processing workflows.

📌 Step 3: Testing & Validation Documentation
✔ Prepare UAT scripts for SWIFT MX transactions.
✔ Define error-handling processes & troubleshooting steps.

📌 Step 4: Compliance & Security Documentation
✔ Document AML & regulatory compliance measures.
✔ Ensure SWIFT CSP (Customer Security Program) adherence.

3. Benefits of AstraAxis SWIFT Documentation Services

✅ Faster SWIFT MX integration & API adoption.
✅ Improved compliance with ISO 20022 standards.
✅ Reduced transaction failures through structured error handling.
✅ Comprehensive testing guides to ensure UAT success.

4. Why Choose AstraAxis for SWIFT Software Documentation?

🔹 Expertise in Banking & Fintech Documentation
🔹 Comprehensive API & compliance-focused documentation
🔹 Tailored solutions for SWIFT MX & ISO 20022 migration
🔹 Regulatory alignment with AML, KYC, and FATF standards

5. Get SWIFT Software Documentation Support from AstraAxis

📌 Website: www.astraaxis.in
📌 Email: aayush@astraaxis.in
📌 Request Documentation Services: astraaxis.in/contact

🚀 Ensure a seamless transition to SWIFT MX with AstraAxis Systems today! 🚀