ISO 20022 in Action: Accelerating Modernization and Efficiency
As the deadline for ISO 20022 implementation for cross-border payments and reporting nears, banks like yours face a complex balancing act: ensuring regulatory compliance, simplifying operations amidst the growing volume of digital payments, budgeting for cloud-enabled payment technologies, and so many other priorities.
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The native adoption of ISO 20022 will significantly impact the entire payments value chain. Enhanced data quality translates into better payment services for all stakeholders. Customers will enjoy a richer experience with more detailed information, simplified invoice reconciliation, reduced manual intervention, and the ability to correct or investigate payments using structured data. This also enables better customer profiling through advanced data analysis of payment processes.
To fully leverage the benefits of ISO 20022, financial institutions must embrace a forward-thinking approach, using this transition as a foundation for comprehensive payment modernization.
Join our thought leadership webinar panel discussion to explore key strategies for expediting ISO 20022 deployment using a model bank approach, leveraging cloud capabilities, and mitigating transformation risks.
