ISO 20022
ISO 20022 is a global standard for financial services messaging. It enables the exchange of standardized, electronic financial messages between financial institutions and organizations, thus facilitating the automation of financial transactions.
The innovative qualities of ISO 20022 include its ability to support multi-party transactions, provide data elements for rich and detailed information exchange, and offer flexibility for future changes and updates.
ISO 20022 provides a common language for financial messaging, enabling organizations to streamline their operations, reduce costs, and improve the customer experience. To learn more about the benefits of ISO 20022, visit the ISO20022.org website.