SWIFT ISO 20022 Implementation Paper: Standard-bearer for future global payments systems
(WorldNews Belgium)

Global payment systems are currently going through an industry transformation due to a plethora of reasons including regulatory compliance, the updating of legacy technologies, as well as the provision of new market-efficient infrastructures and services. In the United States, for example, banks are currently struggling with payment formats and meeting regulatory requirements for complex payments. In other parts of the world there is concern that emerging technologies, such as Distributed Ledger Technologies or Open APIs, are not being developed with interoperability in mind in order to ease future adoption. Technical standards, usually the unsung heroes of financial messaging,...