Remove FinTech Remove Interoperability Remove Message Standards
article thumbnail

RT2: A strategic transformation for UK payment providers

The Payments Association

It enhances resilience, broadens access, improves interoperability, and enables innovation, thereby modernising the UK’s financial infrastructure. RT2 offers four key advancements: enhanced resilience, expanded access, wider interoperability, and improved functionality. Why is it important? What’s next?

article thumbnail

BIS CPMI Takes Further Steps to Promote ISO 20022 Harmonisation for Enhanced Cross-Border Payments

Fintech Finance

The announcement should provide clarity to industry regarding the medium-term governance and maintenance of the harmonised data requirements during the period of global transition to the ISO 20022 messaging standard.

article thumbnail

BIS Sets Out Roadmap for ISO 20022 Implementation in Cross-Border Payments

Fintech News

These measures provide a clear path for the governance, management, and maintenance of these requirements as the world transitions to the ISO 20022 messaging standard. The post BIS Sets Out Roadmap for ISO 20022 Implementation in Cross-Border Payments appeared first on Fintech Singapore.

ISO 20022 119
article thumbnail

BPC Aims to Help Banks Turn ISO 20022 Compliance Into a Strategic Advantage With New Guide

The Fintech Times

In its latest white paper, ‘ ISO 20022 Migration 101: Steps and Strategies for Banks ‘, BPC offers a guide tonavigating one of the most critical transitions in the global financial ecosystem: the shift to ISO 20022 messaging standards.

article thumbnail

Successful Migration of the Kenya Electronic Payment and Settlement System to the ISO20022 Global Messaging Standard

Fintech Finance

The Central Bank of Kenya (CBK) announces that the Kenya Electronic Payment and Settlement System (KEPSS) has been successfully migrated to the ISO20022 Global Messaging Standard (“ISO20022 Standard”). The Standard’s rich data formats will aid in monitoring fraud and improve the detection and prevention of illicit transactions.

article thumbnail

63% of US Businesses Will Use ISO 20022. Financial Institutions are Not Ready to Meet Demand

Fintech Finance

Furthermore, it offers unparalleled flexibility, interoperability, and efficiency compared to legacy formats, positioning FIs for long-term success in an increasingly digital economy. Financial Institutions are Not Ready to Meet Demand appeared first on Fintech Finance. ” The post 63% of US Businesses Will Use ISO 20022.

ISO 20022 144
article thumbnail

Global Data Reporting Pioneer Kani Payments Gets Ready for ISO 20022

Fintech Finance

Kani Payments , the disruptive global data reconciliation and reporting pioneer, today announces it is ready to support the ISO 20022 global messaging standard ahead of the November 2025 implementation date. The post Global Data Reporting Pioneer Kani Payments Gets Ready for ISO 20022 appeared first on FF News | Fintech Finance.

ISO 20022 105