Marketplace - Cognizant SWIFT Payment Message Conversion AI Agent

Business Challenge

Every cross-border payment a corporate makes carries hidden costs: fees deducted by correspondent banks along the transaction route, manual repair costs caused by incomplete payment data, and increasingly, explicit charges from SWIFT for organizations still relying on legacy message formats. Most organizations do not actively control these variables, allowing the costs to accumulate silently with every transaction

COGNIZANT Solution

Cognizant's SWIFT Payments Modernization solution uses Boomi as the intelligence engine. It transforms payment instructions into ISO 20022-aligned formats, applies intelligent charge bearer rules per payment to optimize corridor costs, validates data completeness before every SWIFT submission to maximize straight-through processing, and publishes governed payment APIs for corporates and partners to onboard in days — not months.

Business Benefits

Organizations gain systematic control over cross-border payment costs. Charge leakage reduces. Straight-through processing rates improve. Treasury teams gain automated nostro reconciliation. Payment ecosystem partners connect to ISO 20022 APIs faster, under governed contracts, with full audit trails. The result: speed, cost control, compliance confidence, and a payment ecosystem built to scale.

Features:

• Best in Class low code solution approach on Boomi Agentic AI platform and SWIFT recommended solution approach for API led integration with their payment gateway
• User Interactive Mode for validating & fine tuning of agent behavior for a given customer's specific requirement. This enables the customer to verify the agent works as expected for the MTxx messages which they currently exchange with SWIFT
• Production Mode for exchanging messages at scale
• Validation of MTxx messages using Open Source JAVA Library
• Cognizant SWIFT Access API framework with pre built solutions for various inbound & outbound scenarios for messages exchange with SWIFT
  

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Disclaimer: This recipe is intended for demonstration purposes only and uses stubs to simulate integrations instead of actual endpoints or application implementations. For the full featured solution head over to the "Cognizant SWIFT Integration AI Agent Accelerator" on Boomi Marketplace.