This new standard employs an XML-based MX format, allowing more detailed transaction data, better interoperability, and ...

ISO 20022 is known as the global financial messaging standard for electronic data interchange between financial entities. Seen as the heir apparent to SWIFT, it provides a common language and model ...

Saudi Arabia is recognized for its advanced digital payment ecosystem, which has helped fulfill its ambitious Saudi Vision ...

Rich Robinson, chairman of ISITC, has been engaged with member firms throughout the T+1 settlement transition period and has ...

Zaki writes: the good news is that change is happening. A mix of new systems such as real-time payment rails, open banking, digital wallets and blockchain is helping to reduce delays, improve access ...

Legal and regulatory challenges AML/CFT enforcement and surveillance gaps – Despite Nigeria’s advances under ISA 2024, ...

it must be possible to extend the ISO 20022 data model based on a bank’s custom data requirements. – Allows for easy integration: The platform should play nicely with the bank’s existing applications, ...

Join us for an in-depth exploration of ISO 20022 and its transformative impact on banking customer service. This session will delve into how the adoption of ISO 20022 standards can significantly ...

"While Swift's migration from MT to MX ISO 20022 messaging standards comes with ... Service is available to customers running on a SaaS model through managed workflows. It's also available as ...