Tag: iso20022

While wider migration has been adopted across banks, corporate clients are being encouraged to follow suit to create a standardised payment ecosystem.

While each business has its own strategy and budget, fraud and payment standards shouldn’t be ignored as digitalisation becomes more sophisticated; adopting more tools and cooperating with financial institutions is one approach.

Corporate treasurers’ desire to standardise the way they manage their payments across borders is natural; it delivers greater visibility and the added versatility offers many advantages, including financing the supply chain. ISO 20022 XML is a critical component of this.

With the deadline for the Asean Economic Community looming, a grand scheme for an inter-country payment network is missing

Swift and the Thai government will speed up transactions and make it easier for the country to connect to its ASEAN neighbours by implementing the newest bank messaging standards.

The Singapore Stock Exchange is pushing the use of ISO20022 messaging format actions for corporate announcements. The general response from smaller companies has been muted at best, however.