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:
MDMI Consortium:
OMG's MDMI Consortium provides the financial industry with the means
for sharing costs of adoption via a dedicated, expert team working to
provide proof of business and technical value on an aggressive schedule.
Initial participants in the MDMI Consortium include FireStar Software,
HSBC and SWIFT.
For more information about participating in the MDMI Consortium,
please contact Ken Berk at
ken.berk@omg.org or +1-781-444 0404.
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