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

Fintech News

The Bank for International Settlements ‘ (BIS) Committee on Payments and Market Infrastructures (CPMI) has announced new measures to promote the adoption of its harmonised ISO 20022 data requirements. BIS aims to improve the efficiency of cross-border payments.

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

Fintech Finance

The BIS Committee on Payments and Market Infrastructures (CPMI) announced further steps to promote the adoption of its harmonised ISO 20022 data requirements for more efficient processing of cross-border payments. The data requirements were published in a report to the G20 in October 2023.

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Fedwire Migration: The Final ISO 20022 Milestone?

Finextra

Community Your feed Latest expert opinions Groups Join the Community 23,587 Expert opinions 41,339 Total members 358 New members (last 30 days) 191 New opinions (last 30 days) 29,160 Total comments Join Sign in Fedwire Migration: The Final ISO 20022 Milestone? In the US, the final ISO 20022 milestone has been reached.

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Playing a strategic role in the future of payments

The Payments Association

With digital payments becoming the norm, financial institutions are under pressure to modernise—and Bottomline is helping them do just that. This alignment allows banks to offer more comprehensive services to corporate clients, particularly in areas such as cash management and international payments.

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Nexus Empowers APAC Financial Institutions to Achieve G20 Cross-Border Payment Targets

Fintech News

As the global demand for faster, more affordable, and increasingly transparent cross-border payments intensifies, Project Nexus is emerging as a foundational initiative to meet the G20’s ambitious roadmap. Eli Shoshani Eli Shoshani is Head of APAC at Bottomline , a leader in global business payments with extensive expertise in the region.

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ISO20022: The big shift to structured addresses

Finextra

Soon, ISO 20022, a messaging standard designed to improve how payments are processed and communicated, will become the global norm. ISO 20022 was introduced in 2004 and has since been part of a long and complex journey to improve international payment messaging. The benefits are far-reaching.

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Why staying put is no longer the safe option for payments innovation

The Payments Association

Legacy systems are increasingly unreliable, expensive to maintain, and resistant to modern payment innovations. Enhance cross-border payments by integrating an always-on solution directly and locally with regional and global payment networks, ensuring compliance with constantly evolving regulatory standards.