With financial institutions constantly under pressure to improve operational efficiency and reduce costs, the huge volume of payment messages that goes through a bank and needs to be managed on a daily basis is huge. Global banks and corporations in today’s time manage thousands to millions of payment messages, that too in relation to numerous message warehouses around the world. Apart from being hugely expensive, the need to communicate with global counterparties, operating in multi-currencies, in different time zones, speaking different languages, and abiding by multi regulatory guidelines, it is also majorly risky. Manual intervention is required which in turn burdens resources and increases the chances of human error. The need for banks and corporations, therefore, is a state-of-the-art technology that eliminates manual intervention, thereby reducing risk, improving efficiency, thereby saving both time and money.