Migration to XML standards will be slow, not swift

What does the shift from FIN-based standards to XML-based standards mean for SWIFT users and how are you communicating the change to your network? DeWeirdt: The old FIN-based standard was created back in 1973 and now lives side by side with our XML standards. These XML standards were put in place to provide richer data and meet more complex business requirements for our users. In order for FIN users and XML users to communicate, we have to provide mapping rules so that whoever is d…