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More banks adopt MT 798 for trade finance messaging

Nordea has announced capabilities to handle the SWIFT MT798 messaging in a fully automated manner.

MT798 is SWIFT initiative that facilitates corporate to bank (C2B) and bank to corporate (B2C) communication for the processing of Documentary Credits and Guarantees.

By using the MT798, companies can execute trade finance transactions with all their banks from one platform and digitalize the interchange in the bank to corporate space.

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INTIX helps financial institutions and corporates increase visibility on treasury and trade finance flows using a variety of formats such as the MT 798.