ISO 20022
How do Financial Institutions in EMEA Migrate to ISO 20022, Hit Deadlines & Create New Business Opportunity?
ISO 20022 is predicted to support 80% of volume and 90% of the value of high-value transactions and SWIFT has mandated that ANY financial institution that processes SWIFT messages must be able to receive and process ISO messages by the end of 2022.
However, many banks and financial institutions have underestimated the complexity of the necessary changes of the migration as the transition isn’t just a simple upgrade of process. Existing infrastructure and legacy systems are not sophisticated enough to deal with the speed of integration and transition required.
WHY IT MATTERS?
85% of payments will be in ISO 20022 within 5 years
Related Solutions
Payments Connectivity & Compliance
Securely communicate financial transactions within and between businesses, globally and locally, while easily managing payment compliance and mitigating risk.
