According to the Standards Release 2018, mandatory changes in the standards for FIN messages will take effect in November. Updates require technical improvements at the level of ABS.
Failure to comply with the new requirements will have a negative impact on the bank's operational processes and on the performance of payment transactions.
ProFIX Company reports that the SWIFT Service Bureau will implement the necessary improvements. SWIFT-administrators in your bank will be notified additionally about the timing, as well as the possibility of testing the updated interface.
It is strongly recommended to contact the developer of your ABS with an update on the readiness to upgrade to the new standard from November 2018.
We also recommend you to familiarize yourself with the materials of the webinar on SR 2018 on the swift.com.