May 2025LAUNCH: we are excited to announce the launch of our brand new integrated Message Labs platform
Learn moreFinancial Messaging Design and Assurance
Messaging plays a critical role in the financial industry. We are here to help our clients design, build, and test their financial messages to reduce their production launch risk
What we do
Design
We provide message libraries, model message flows, message samples, and interactive design tools to ensure you build the right message first time
Assurance
Our software supports message validation and generation plus a range of configurable environments to suit your testing needs at every stage: unit, system, integration, acceptance, model office, and pre-production
Community
We provide industry updates and access to a vibrant community of experts who can support you throughout your project lifecycle and into live operations
What problems do we solve?
- Complexity
Financial messages are more than just formats and codes: knowledge of the underlying business processes is vital
Our holistic design tools and end to end automated testing solutions cover both the technical challenges and support your business needs
- Expertise
Financial messaging experts are rare: they must combine technical and business knowledge and be adept at providing solutions
Our experts share a wide knowledge of both the technical and business elements of messaging and bring a wealth of experience to your organisation
- Validation
Validation is complicated and can be prone to error – often manual and conducted by the same people who designed and built the message
Our software provides independent, multi-layered, rules-based validation of your messages including third-party interaction enabling you to test the full financial lifecycle
How testing with Message Labs saves you money and reduces risk
Mitigate risk of regulatory scrutiny
The FCA has encouraged firms to address “poor change management practices” and strive for automated end-to-end testing as the “gold standard”.
Manual testing runs the risk of confirmation bias and introducing typographical errors as well as significantly reducing the speed at which tests can be executed.
Testing with Message Labs as a trusted counterparty allows for independent validation as well as automated lifecycle processing such as settlement confirmations and reconciliations to support scenario-based testing (UAT), regression testing, and operational testing.
FCA Dear CEO Letter (December 2024)
“Poor change management practices could result in firms failing to adequately address critical and changing operational demands”.
Implementing Technology Change (2021)
“Firms are still heavily reliant on manual testing and peer review, both of which are prone to human error. Repeatability and consistency of processes throughout the lifecycle of a change and its deployment could reduce the testing burden and allow for increased coverage of assurance activity. Firms highlighted that end-to-end testing automation was the ‘gold standard’ but not always possible.”
Who We Serve
Banks
Banks use financial messaging to manage cash transactions and to send statements to account holders
Asset Managers
Asset Managers use financial messaging to instruct transactions and monitor confirmations, as well as for corporate actions and reconciliation
Wealth Managers
Wealth Managers use financial messaging to instruct transactions and monitor confirmations, as well as for corporate actions and reconciliation
Vendors
Vendors supply software to financial institutions to manage custody operations including third-party financial messaging
Custodians
Custodians use financial messaging to receive instructed transactions from clients (in turn instructing sub-custodians) and to confirm settlement, as well as for corporate actions and reconciliation
CSDs
CSDs (Central Securities Depositories) use financial messaging to receive instructed transactions from participants and to confirm settlement, as well as for corporate actions and reconciliation
Our Platform and Services
Solutions can be flexed up and down during your testing phase(s) to help minimise costs
Core
Everything necessary to get started
- Access to our software
- Design using libraries and LabCoat
- Community pages for news and forum discussions
Bronze
Ideal for smaller enterprises
- Testing environment
- Standard message suite
- Basic assurance tools
- Simple data management
Silver
Ideal for more comprehensive assurance needs
- Increased message capacity
- Full message suite
- All assurance tools
- Simple data management
Gold
Full spectrum testing and assurance coverage
- Unlimited messages
- Full message suite and bespoke messages
- Complex data management
Ready to learn more?
Contact us today.
Let us show you how Message Labs can help remove risk from your financial message infrastructure.
