The Finance Domain Task Force (FDTF) of the Object Management Group® (OMG®) has created a new OMG Standard, the “Model Driven Message Interoperability" (MDMI), previously called "Conversion Models for Payment Message Standard” (CM4PM). This general-purpose specification, written in industry standard UML®, lets financial institutions (FIs) map legacy financial data correctly into ISO 20022 compliant formats. The standard helps Fis readily comply with SEPA through an open standard migration path from legacy messages to modern ones without rebuilding their systems. The new standard also defines mechanisms for FIs to prevent important financial information from being lost or corrupted whenever and wherever data has to be converted from one message format into another message format.
Model Driven Message Interoperability Specification:
OMG Press:
OMG Literature:
For more information about participating in the MDMI Consortium, please contact Business Development at [email protected] or +1-781-444 0404. |
