Limitation in field length of payment messages causes endless number of problems in electronic payments. Let me give a few examples: Experts proposed ISO 20022 as the panacea for these evils. ISO ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Instant and cross border payments are high on the list of ...

Among the key topics of discussion for investors in recent years has been what the Federal Reserve is up to. As the central bank for the U.S., the Federal Reserve’s policies have real implications on ...

The financial services industry has seen ISO 20022 grow steadily over the last 15 years. What began as a small pocket of countries tackling migration has now become widespread adoption for domestic ...

Richer, structured data enabled by ISO 20022 lays the ground for expanded innovation across the international financial ecosystem – boosting operational efficiency and compliance, deepening customer ...

ANNAPOLIS, Md.--(BUSINESS WIRE)--The Accredited Standards Committee X9 Inc. (X9) today announced the formation of the U.S. ISO 20022 Market Practice Industry Forum, which will work to research and ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. ISO 20022, developed by the International Organization for Standardization (ISO), is the ...

SWIFT sunsetted the MT (Message Type) format for financial messaging on Saturday, Nov. 22. Having migrated to ISO 20022, global banks are now positioned to accelerate blockchain adoption. ISO 20022 ...

This blog explains the ISO 20022 standard and what it means for crypto, which was misinterpreted by many people from the ...

As with any changeover, some banks have progressed further than others in their implementation of ISO 20022. At Sibos in October, Swift reckoned around 28% of payment volume had migrated to the new ...

The ISO 20022 standard enables payment messages to include more detailed information organized in a manner that is consistent for all participants. ISO 20022 has been in the works for nearly a decade ...