ISO 20022 by a Thousand Cuts
Or a proactive approach for efficiency and simplicity across payment channels
Bank payments continue to be impacted by the ISO 20022 messaging standard, both because of increased usage by bank corporate customers, and because of growing adoption in clearing and settlement systems particularly for high value payments.
In this short webinar, we explain briefly what ISO 20022 is, and why banks think about it.
We will discuss two scenarios where banks may be driven to introduce ISO 20022 into their Payments Operations in a piecemeal fashion. We call this ISO 20022 by a thousand cuts. And we outline an alternative and more proactive approach where banks support their community of Corporate Customers in moving to ISO 20022 in a uniform fashion, ensuring efficiency and simplicity across payments channels.
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