As arguably the biggest standards project in the payments space since the introduction of Swift FIN MT messages in the late 1970s, there has been a lot riding on the successful introduction of the new ...

Standards are a cornerstone of the financial industry. For over 40 years the SWIFT MT standard has enabled industry automation, reducing the cost and risk of cross-border business, and enabling the ...

It is predicted that by 2025, ISO 20022 will handle 80% of transaction volumes and 87% of transaction value globally. In Europe, the adoption deadline was extended to November 2022. ISO stated that ...

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 ...

ISO 20022 standardizes how financial data is exchanged; it does not certify cryptocurrencies. Ripple and Stellar are technically aligned with ISO 20022 but not officially certified. True value lies in ...