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Separately, in terms of individual company news, and also in Europe, EastNets and Bankingblocks said they have teamed up to present modular “banking blocks” aimed at faster cross-borderpayments. In Canada, Payments Canada said on Wednesday (Feb.
ISO 20022 is a messagingstandard used across the financial industry. In the domestic Real-TimeGrossSettlement (RTGS)/Wire and cross-borderpayment spaces, transformation to the most recent ISO 20022 (HVPS+ and CBPR+) messagingstandards has been ongoing since 2022.
Related links: Financial promotion rules for cryptoassets Financial promotions data 2024 Top regulatory priorities for the payments sector Mandatory adoption of ISO 20022 for cross-borderpayments (final preparations Q2) The transition to ISO 20022 for cross-borderpayments is a fundamental shift in global financial messagingstandards.
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