Tech Insights
MT103

MT103

Last updated , generated by Sumble
Explore more →

What is MT103?

MT103 is a SWIFT (Society for Worldwide Interbank Financial Telecommunication) message type used for single customer credit transfers. It's a standardized electronic message format banks use to instruct other banks to transfer funds to a beneficiary. It's the most common SWIFT message type for making international payments.

What other technologies are related to MT103?

MT103 Competitor Technologies

MT202 is a SWIFT message type for general financial institution transfers, often used as an alternative to MT103 when covering payments.
mentioned alongside MT103 in 82% (323) of relevant job posts
MT202COV is a variation of the MT202 specifically designed to provide cover for payments. It competes with MT103 in certain payment scenarios.
mentioned alongside MT103 in 98% (55) of relevant job posts

MT103 Complementary Technologies

SWIFT is the network that MT103 messages are transmitted over. It's essential for MT103's functionality.
mentioned alongside MT103 in 0% (233) of relevant job posts

Which organizations are mentioning MT103?

Organization
Industry
Matching Teams
Matching People

This tech insight summary was produced by Sumble. We provide rich account intelligence data.

On our web app, we make a lot of our data available for browsing at no cost.

We have two paid products, Sumble Signals and Sumble Enrich, that integrate with your internal sales systems.