Question

Structure Financial Messaging System (SFMS)

12 Mar 2022
Answer :
Word Count : 237

The need for a secure and common messaging System that would serve as the basic platform for intra-bank and inter-bank applications, and would fulfill the requirements of domestic financial messaging, gave birth to the Structured Financial Messaging System. The SFMS was launched on December 14, 2001, at the IDRBT.

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