Data and systems become increasingly important as the global economy gets more interconnected. Thus, an interconnected payments industry needs a universal, data-rich language – ISO 20022.
ISO 20022 offers a common payment processing language with robust details that are critical to global interoperability. Therefore, planned migrations both for cross border payments, and individual payment schemes are now in progress.
With the global migration to ISO 20022 in March 2023, financial professionals are preparing to deliver a range of benefits to their clients. We're working to ensure a smooth transition and are here to help support you through the transition period. We will work with our technical experts and wider team to drive operational efficiency and enhanced reconciliation.