The ISO 20022 financial messaging standard is now seeing widespread adoption for domestic and international payments solutions worldwide. It is now used in the US for The Clearing House RTP system, and Fedwire will also move to ISO 20022 over the coming years. ISO 20022 is designed to enable organisations to communicate information across a wide spectrum of financial services applications. The structured, rich message format makes it easier to automate processing of financial messages, which can deliver business benefits such as simpler reconciliation and improved STP rates. ISO 20022 also offers the potential for greater interoperability between payment systems, both domestic and global. But is ISO 20022 delivering on these promises?
Join this webinar to hear speakers from Wells Fargo, Santander and Icon Solutions: