Interoperability, Message Standards and Posting

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

Fintech Finance

JANUARY 8, 2025

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.

ISO 20022

ISO 20022 Cross-Border Payments Cross-Border ISOs

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

Fintech News

JANUARY 7, 2025

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

ISO 20022 Cross-Border Payments Cross-Border ISOs

OBL celebrates seventh anniversary of PSD2 and the creation of open banking

Open Banking

JANUARY 13, 2025

We will therefore have a keen eye on interoperability, as the industry looks to enable world class cross-border data sharing. Support regulated third party providers and banks and building societies to use the Open Banking Standard. Create security and messaging standards.

Message Standards

Message Standards Economy Cross-Border API

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

The Fintech Times

MAY 2, 2025

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.

ISO 20022

ISO 20022 ISOs Compliance SWIFT

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

Fintech Finance

OCTOBER 21, 2024

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.

Message Standards

Message Standards Real Time Gross Settlement (RTGS) Settlement Cross-Border

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

Fintech Finance

MARCH 1, 2024

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

ISO 20022

ISO 20022 ISOs FedWire Message Standards

Deep Dive: Making Instant Payment Schemes Universal And Interoperable

PYMNTS

APRIL 29, 2019

An interoperable cross-border solution could remove these frictions and provide smooth transfers between two real-time payment systems, while a single, globally accessible faster payments service could offer swift end-to-end transfers. Smooth communications between players must be supported if payment schemes are to be interoperable.

Interoperability

Interoperability ISO 20022 Instant Payments Cross-Border

Global Data Reporting Pioneer Kani Payments Gets Ready for ISO 20022

Fintech Finance

SEPTEMBER 17, 2024

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

ISO 20022 ISOs Reconciliation Message Standards

Finastra Facilitates Connection of Swiss Banks in Readiness for New SIC Instant Payments Service

Fintech Finance

JULY 11, 2024

It is based on the ISO 20022 messaging standard which Switzerland has been using for several years. The standard helps facilitate interoperability and cross-border transactions, also giving Swiss banks the opportunity to implement international payment capabilities in the future.

Instant Payments

Instant Payments Facilitators ISO 20022 Message Standards

Unpacking 3 Key Concepts From G20’s Enhanced Cross Border Payments Plan

Fintech News

JUNE 12, 2024

Theme 1: Establishing Optimal Governance and Interoperability Frameworks Effective governance and interoperability frameworks will be crucial for managing the complexities of cross-border payments. One idea is to have a central system for checking payments against sanctions lists, which could make the process faster and simpler.

Cross-Border Payments

Cross-Border Payments Cross-Border Interoperability Payments

Championing Swift Connectivity for Private Banks and Asset Managers in APAC

Fintech News

AUGUST 8, 2024

This connectivity is not just a technical necessity but a strategic imperative for seamless settlement, reconciliation and post-trade operations, enhanced transparency, and operational efficiency. As the industry evolves, adopting robust standards like ISO 20022 becomes crucial for driving these benefits.

ISO 20022

ISO 20022 APACS SWIFT ISOs

U.S. Faster Payments Council Releases Dual Reports on ISO 20022 Implementation and Benefits

Fintech Finance

SEPTEMBER 18, 2024

Building on the implementation guidance, the second report, Distinguishing Advantages in the Format & Structure of ISO 20022 for Instant Payment Adoption, delves into the specific benefits that ISO 20022 offers over legacy message standards. The post U.S.

ISO 20022

ISO 20022 ISOs Faster Payments FPC

Bridging TradFi and DeFi, GDF and GLEIF Partner to Accelerate Implementation of Data Standardisation

The Fintech Times

JULY 17, 2024

. “GDF serves the digital asset community as an open innovation and standards platform and we welcome the opportunity to partner with industry leaders like GLEIF, to help set and better promote standards that enable a better integrated, efficient and interoperable digital financial system for all market participants.”

Best Practices

Best Practices Interoperability Message Standards Legal

Finastra’s 24/7 Instant Payment Service Offers Real-Time Sanctions Screening

The Fintech Times

JULY 15, 2024

” The SIC5 system, developed by the Swiss National Bank and SIX, uses the ISO 20022 messaging standard, enhancing interoperability and cross-border transactions, and paving the way for future international payment capabilities for Swiss banks.

Instant Payments

Instant Payments ISO 20022 Fraud Prevention Message Standards

Finastra Boosts Its Payments Processing Strategy with Fed Certification for ISO 20022

Fintech Finance

MAY 13, 2024

The certification, which enables and supports compliance to ISO 20022 messaging standards for Fedwire, applies to four of Finastra’s payment processing solutions, facilitating increased innovation for financial institutions across the United States.

ISO 20022

ISO 20022 ISOs FedWire Fed

What Can We Learn From Payment System Failures and Global IT Outage?

The Fintech Times

JULY 20, 2024

This involves re-engineering the architecture towards modular, microservices-based frameworks, enhancing interoperability, and investing in robust cybersecurity. This has included using new technology and messaging standards (ISO 20022) to improve performance, data quality and operational efficiency.

Payments

Payments Mitigation Cybersecurity ISO 20022

XDC-to-Fiat Off-ramp Now Live on XDC.Cash, Powered by Encryptus

Fintech Review

APRIL 9, 2025

XDC Network is ISO 20022 -compliant, aligning with the global messaging standard. ISO 20022 is an international standard for electronic data interchange between financial institutions. It enables richer, structured, and more secure messaging for payments, clearing, and settlements.

ISO 20022

ISO 20022 ISOs Payment APIs and Integration TPS

The Collaborators – And Rivals – Of Blockchain

PYMNTS

JANUARY 17, 2018

Together, the partners will explore how to use distributed ledger technology to support post-trade procedures like corporate actions processing, while also digging into how key messaging standards like ISO 20022 can also come into play here. “To

Blockchain

Blockchain ISO 20022 ISOs SWIFT

BPC Releases Practical White Paper Guiding Banks Through the Challenges of ISO 20022 Migration

Fintech Finance

APRIL 30, 2025

The white paper provides a comprehensive guide to navigating one of the most critical transitions in the global financial ecosystem: the shift to ISO 20022 messaging standards. The post BPC Releases Practical White Paper Guiding Banks Through the Challenges of ISO 20022 Migration appeared first on FF News | Fintech Finance.

ISO 20022

ISO 20022 ISOs SWIFT Financial Inclusion

The payments regulation roadmap: Q2 2025

The Payments Association

APRIL 14, 2025

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-border payments (final preparations Q2) The transition to ISO 20022 for cross-border payments is a fundamental shift in global financial messaging standards.

Regulations

Regulations ISO 20022 Cross-Border Legal

Payments Space

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

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

Trending Sources

OBL celebrates seventh anniversary of PSD2 and the creation of open banking

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

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

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

Deep Dive: Making Instant Payment Schemes Universal And Interoperable

Global Data Reporting Pioneer Kani Payments Gets Ready for ISO 20022

Finastra Facilitates Connection of Swiss Banks in Readiness for New SIC Instant Payments Service

Unpacking 3 Key Concepts From G20’s Enhanced Cross Border Payments Plan

Championing Swift Connectivity for Private Banks and Asset Managers in APAC

U.S. Faster Payments Council Releases Dual Reports on ISO 20022 Implementation and Benefits

Bridging TradFi and DeFi, GDF and GLEIF Partner to Accelerate Implementation of Data Standardisation

Finastra’s 24/7 Instant Payment Service Offers Real-Time Sanctions Screening

Finastra Boosts Its Payments Processing Strategy with Fed Certification for ISO 20022

What Can We Learn From Payment System Failures and Global IT Outage?

XDC-to-Fiat Off-ramp Now Live on XDC.Cash, Powered by Encryptus

The Collaborators – And Rivals – Of Blockchain

BPC Releases Practical White Paper Guiding Banks Through the Challenges of ISO 20022 Migration

The payments regulation roadmap: Q2 2025

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