Why financial institutions need an ISO 20022 implementation strategy now
ISO 20022 is emerging as the default messaging standard for market infrastructures around the world. There are currently 200+ initiatives that span payments, securities and regulation. In Europe, the full end-to-end cash and securities settlement will happen in ISO 20022, through SEPA, T2S and TARGET2, and EBA EURO1/STEP 1. In Asia-Pacific, there are around 40 payments and securities initiatives that are moving to ISO 20022, and in the Americas, ISO 20022 is the enabler in many strategic transformation projects. How can your institution integrate this new enabling technology for improving automation and lowering cost and risk in operational processes? This session explains how to build a strategic and tactical implementation roadmap for ISO 20022, and also outlines how SWIFT could help.