Summer joke: what does the summer sun and XMLdation team have in common? Both are working. Even though everyone on our team takes a well-deserved summer break when the time is right, ongoing projects and customers around the world keeps our team busy.
Another topic that is keeping us busy is the launch of our Virtual Buddy Bankâ„¢ - your new best friend when it comes to testing payment schemes and rails. Read more!
What exactly is a Virtual Buddy Bank, and why do banks need one? A Virtual Buddy Bankâ„¢ acts as a simulated counterparty bank, allowing you and your colleagues to test payment schemes and payment rails without having to coordinate testing with another real bank.
Read our latest blog to learn more about our approach and the benefits of Virtual Buddy Bankâ„¢ and find more information on the XMLdation website.
The Buddy Bank is available now on RT1 and TIPS. Stay tuned for news about the launch of Virtual Buddy Bankâ„¢ for North American payment rails.
Our Payment File Testing solution has been used by bank corporate clients for many years - giving precise and accurate information to bank clients about issues in their payment files.
The latest challenge for banks is ensuring corporates provide hybrid addresses by November 2026, next challenge will be structured remittance information.
Due to increasing complexity, we've enhanced the solution with AI to explain the issues in plain language and suggest fixes, watch our video.
If you attend any of these events, drop us a note and arrange to meet!