Deutsche Bank has signed up to SWIFT’s MyStandards Readiness Portal in a bid to simplify its onboarding process for technical clients.
MyStandards offers access to standardised documentation of financial messages such as ISO 20022 and SWIFT MT messages, all through a web-based application. The Readiness Portal provides on-demand validation of financial messages in accordance with Deutsche Bank’s guidelines.
The service is designed to streamline format verification processes between the bank and its clients. Clients can run test messages through the portal and receive fast test results with errors highlighted and comprehensive descriptions.
Deutsche Bank already uses MyStandards within its Autobahn App Market, which has become one of the bank’s most popular applications.
David Watson, Deutsche Bank’s head of global transaction banking cross-product components and regional head of product management in the Americas, said: “Deutsche Bank is committed to further invest in its MyStandards offering.”
“Effective onboarding has long been a priority for us and is a key element in the client experience. With the Readiness Portal we are pleased to be able to bring these tangible improvements to our clients as we work with SWIFT to make technical onboarding easier and more timely.”
Marc Delbaere, head of MyStandards at SWIFT, added: “This is an important milestone in our continued collaboration with Deutsche Bank. With the successful early integration of MyStandards in Deutsche Bank´s Autobahn App Market, the Readiness Portal is the last piece of the puzzle to provide a fully streamlined onboarding experience to their corporate customers.”
“This also paves the way for other financial institutions to further integrate MyStandards and the Readiness Portal in their customer web platforms.”
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