ISO 20022 is around the corner and stands to completely transform the entire payments ecosystem. This new messaging standard from SWIFT will enable interoperability for faster payment processing, greater efficiency, and lower costs. But moving to ISO 20022 standards will take time and effort.
Although it’s been a slow road forward with delays along with way, more than 30 domestic payment systems around the world are planning to implement ISO 20022 messages this year.
With their richer, structured data, ISO 20022 messages will provide organizations with:
With a go-live date of November 2022 for the start of the migration period to ISO 20022 messages for cross-border payments and reporting, there is no time to wait. You’ll need to act now to get ready.
Download our infographic for more information on the key dates for the ISO 20022 migration.
Download our white paper to learn why ISO 20022 was developed, its impact on the industry, and steps you can take to prepare for the migration.
Make sure you’re on track to take advantage of the many benefits ISO 20022 offers.
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