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Banks migrating to a new standard
Local banks are moving away from the Swift Message Type (MT) standard to the Universal Fi.
Society for worldwide interbank financial telecommunication
Swift message type
Universal financial industry message scheme
Worldwide interbank financial telecommunication
Local business
BOJ to adopt new standard for improved payment processing
The Bank of Jamaica (BOJ) is taking a lead role in coordinating Jamaica’s migration from the Swift Message Type (MT) standard to the ISO 20022 – ‘Universal Financial Industry Message Scheme’ format by the end of 2025. ISO 20022 is a m
Swift message type
Universal financial industry message scheme
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