For Banks
Help your clients comply without taking on the delivery burden.
A single bank can have thousands of corporate clients still on legacy payment formats. Banks that move early protect those relationships and gain a first-mover advantage before competitors engage the same client base. Altimetrik works with each corporate client directly. You introduce the program, and we handle everything that follows. No development cost, no delivery burden, no implementation responsibility on your team.
For Corporate Clients
Get compliant before your payments stop
From November 2026, the payment instructions generated by your ERP, treasury system, or vendor management platform must be in ISO 20022-aligned formats. The formats your systems currently produce will not be accepted. Altimetrik's accelerator sits on top of your existing setup, handles the conversion automatically, and keeps your teams working exactly as they do today. You can come to us directly or through your bank.
Process
Discovery
We confirm your current payment formats, the systems involved, and what your bank requires before any configuration begins
Configuration
The plug-in is mapped to your source files. Legacy MT101 (Request for
Transfer) or proprietary initiation messages are translated to their equivalent Pain.001
messages (Customer Credit Transfer Initiation).
Testing
Every output is validated against CBPR+ guidelines and tested against the
bank's acceptance criteria before go-live.
Go-live
The connector is deployed to production. Business users notice nothing has
changed.
FAQ
Banks completed their own ISO 20022 migration in November 2025. From November 2026, corporate clients must convert their payment initiation formats to bank-accepted ISO 20022 messages. Any payment sent in the old format after that date will not be accepted on the SWIFT network.
No. The accelerator integrates with your existing systems with minimal disruption to your business workflows. Nothing gets replaced or rewritten. Your teams carry on exactly as before.
This works well for companies that:
The plug-in uses config-driven mapping and works with legacy MT101 files, ERP-generated formats, CSV-based payment files, and other custom and proprietary formats. The specific formats your systems produce are confirmed during the discovery phase.
Corporate clients can engage Altimetrik directly or through their bank. When a bank introduces a client to the program, the bank is the referring institution, and Altimetrik handles everything that follows. Corporate clients who come to Altimetrik independently work with us the same way. Both paths follow the same implementation process.
Altimetrik follows a repeatable delivery sequence:
Ongoing upgrade support is available for clients who need it. Updates required by rulebook or scheme-version changes are handled separately from the initial conversion and priced accordingly.
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