An API to convert between, extract and parse numerous common generic and bank specific financial message formats.
Cloudserv has been providing unique financial messaging services to clients for over a decade, enabling them to convert and parse numerous international banking and financial file formats with the minimum of knowledge of the complex rules and variants involved. We are now making public a subset of some of these services as an API.
Using the ExtractMessage API you can parse bank statement data from BAI or MT940/942 file into human friendly a comma separated format that can be easily loaded into a database or opened using a spreadsheet.
With the ConvertMessage API you can convert an ACH IAT file into an ISO 15022 MT101 or ISO 20022 Pain format (coming in V2), or users of legacy Microsoft Biztalk A4SWIFT can covert the proprietary MT101 XML into to standard ISO 15022 MT.
The initial V1 release covers many of the common conversion scenarios our clients ask for. The version 2 release targeted for November will include the ability to extract FileAct payloads (batch) messages are well as additional conversion use cases to ISO 20022 formats, something that is particularly useful for those migrating from legacy formats ahead of the changes coming in 2020.