Sakobia is a central messaging hub designed to manage the generation, validation, authorization and translation of SWIFT messages without having to modify your existing infrastructure. It is a full stack enterprise web-application deployed in the bank. With Sakobia, banks can seamlessly transit from SWIFT MT to new SWIFT MX standards faster and cost-effectively.
Banks globally are gearing towards the migration of SWIFT messages from the legacy MT financial messaging to the highly structured ISO 20022 standard. The migration of SWIFT messages from SWIFT MT to ISO 20022’s data-rich MX payment messaging standard is a significant transformation for the financial services industry.