Robert Turner, general manager of U.S. financial services, Kyndryl At some banks, upgrading their systems for smoother remittance-processing has taken a back seat to other technology priorities, but ...

"It's a big lift." ISO 20022 dates back to 2004 and is an attempt to expand and unify the data that is included with financial transactions. The standard is designed to make payments safer and more ...

First introduced to financial institutions in 2004, the ISO 20022 standard covers financial information sent back and forth between financial institutions and corporates, including payment ...

Payments back-end systems and operations have to be adjusted and staff ... have set the goal to harmonize global payments on the ISO 20022 standard. They are defining guidelines for a consistent use ...

For treasury teams adopting ISO 20022, it is an opportunity to enrich their payment and reporting flows with useful data. Some of the successful use cases include enriched remittance data, and ...

Payments Canada is supporting a transformative shift in the financial landscape with the adoption of ISO 20022, an international messaging standard poised to enhance payment processing across the ...