Automated Financial Protocol Validation
Benchify prevents costly message failures and compliance violations with automatic validation of ISO 20022, SWIFT, SEPA, and FIX protocols.
<Document xmlns="urn:iso:std:iso:20022:tech:xsd:pain.001.001.09"> <InitgPty> <Nm>ACME Ltd</Nm> <Nm>ACME Corporation Ltd</Nm> </InitgPty> <PmtInf> <PmtInfId>PMTID/20230415-123456/1</PmtInfId> <Dbtr> <Id>123456</Id> <Id>DB-123456-XYZ</Id> </Dbtr> </PmtInf></Document>Industry Challenges
Financial institutions face critical communication challenges that impact operations and customer satisfaction.
Message Format Errors
Costly errors due to invalid ISO 20022, SWIFT, SEPA, FIX message formatting leading to payment failures and reconciliation issues.
Compliance Risks
Regulatory compliance risks and operational penalties from improperly formatted messages and non-standard data structures.
Customer Dissatisfaction
Customer dissatisfaction from delayed or failed transactions due to messaging errors and manual correction processes.
Industry Average
Financial message failure rate
Average Cost
Per failed transaction
Resolution Time
For manual corrections
How Benchify Helps
Our solutions prevent costly errors and ensure compliance across financial messaging standards.
Receive Message
Financial messages enter the pipeline
Formal Verification
Automatic schema validation
Validated Output
Compliant messages delivered
Technical Features & Standards
Comprehensive support for all major financial messaging standards with advanced validation capabilities.
ISO 20022
Comprehensive validation and correction of ISO 20022 XML messages for payment, securities, trade, and card transactions.
Key Validation Features
// ISO 20022 Schema Validation
BenchifyValidator.validate(
messageType: "pain.001.001.09",
content: xmlData,
options: {
autoCorrect: true,
strictMode: false,
validationLevel: "BUSINESS"
}
);
Quantifiable Benefits
Our customers see dramatic improvements in operational efficiency and significant cost savings.
Drastically Reduced Message Failures
Reduce message failures from industry average 5–10% to less than 0.5%, ensuring smooth operations and transactions.
Significant Cost Savings
Save financial institutions an average of $50–$100 per prevented failed transaction, adding up to millions annually.
Reduced Compliance Risk
Reduce regulatory and compliance risks significantly by ensuring all messages adhere to required standards at all times.
Integration & Compatibility
Seamless integration with your existing financial technology stack and flexible deployment options.
Cloud Deployment
Secure, scalable cloud deployment with minimal infrastructure management.
Key Features
- Multi-region availability
- Automatic scaling with traffic
- 99.99% uptime SLA
- Fully managed updates
Deployment Architecture
Compatible with Leading Financial Platforms
Request Your Demo Today
See how Benchify can transform your financial messaging infrastructure with our powerful validation and correction platform.