With compliance deadlines fast approaching, banks and payment service providers (PSPs) must work with increased urgency to enable messaging over the ISO 20022 standard.
To meet today’s customer demands and regulatory mandates, financial institutions need to modernise their payments infrastructures and partner with innovative payment providers, co-creating a digital payments ecosystem based on newer hub models.
Highlighting the importance of ISO 20022 adoption, addressing some common challenges facing participants in the UK payments ecosystem, and identifying the essential elements of a smart modernization strategy.
For Part 2, we’ll look at a few advantages of integrating the new standard and highlight the importance of implementing a migration strategy that aims to maximize these benefits wherever possible.
As November 2022 approaches, it’s crucial for any financial institutions that process cross-border transactions within the SWIFT network to understand their requirements as it relates to ISO 20022 migration.
As businesses strive toward innovation, many are looking to extend their capabilities and boost efficiency with low-code technologies. To gain a broader understanding of the value low-code technology can deliver, here are five unique benefits to consider.
In a recent webinar focused on the evolving US payments sector, we asked our panel of experts to highlight instant payments opportunities and use cases that they believe will be particularly impactful. Here are just a few that caught our attention.
While low-code technologies have become mainstream, there are some concerns raised when talking with those in management that have not worked with a low-code platforms. And to be fair, they are valid concerns – given the right context.
For the past few years, the global payments industry has been in the midst of an historic transformation. Between rapid advancements in instant payments technology, and widespread corporate initiatives surrounding ISO 20022 compliance and integration, a future comprised entirely of faster, more secure transactions could be right around the corner.
América Latina está viviendo una era de transformación digital y digitalización de la banca impulsada por la pandemia y el COVID-19. Mientras que la inversión destinada a canales digitales a nivel global es del 92%, en América Latina y Centroamérica es del 98%.
By enabling interoperability between financial networks and providing a wealth of transactional data, the international messaging standard builds on the benefits of instant payments and serves as an invaluable bridge for facilitating cross-border transactions.
Given the impact of the pandemic, banks need to re-examine their own initial plans and assumptions. Where are banks in the adoption of ISO 20022 in their home market?
The industry is at a critical point in its migration to ISO 20022. Deadlines are looming, and while banks will always push for extensions, the industry needs to prepare for what may happen next.
