Montenegro's central bank, CBCG, said it has successfully switched to ISO 20022, the up-to-date international standard for payment system data exchange, replacing the SWIFT MT system used to perform ...

A combination of crises such as the COVID-19 pandemic, complicated technology and unprepared bank IT departments have hindered ISO 20022 migrations globally. "Anytime you change the dataset that is ...

The structured format of ISO 20022 messages has reportedly streamlined the bank’s processing of payments, leading to fewer manual interventions. “Since adopting more structured MX messages ...

JP Morgan Payments went live with the first phase of ISO 20022 in March 2023 to support clients during their own migrations, explains Colin Williams, head of clearing transformation, who says the bank ...