PYMNTS

JANUARY 26, 2021

Citi Drives ISO 20022 Adoption With Volante. Citi is accelerating its migration to the ISO 20022 payments messaging standard and has tapped a third-party FinTech to aid in the process. to bring its blockchain-powered corporate trade financing technology into the entity.

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ISO 20022 ISOs Payment APIs and Integration Message Standards 142

Fintech News

AUGUST 8, 2024

As the industry evolves, adopting robust standards like ISO 20022 becomes crucial for driving these benefits. The Role of ISO 20022 in Seamless Settlement and Post-Trade Operations In 2018, the Swift community decided to adopt ISO 20022 for cross-border payments and reporting (CBPR+).

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ISO 20022 APACS SWIFT ISOs 128

PYMNTS

JANUARY 19, 2021

Volante Technologies , which works in cloud payments and financial messaging, is working with Citi to expedite Citi’s adoption of the ISO 20022 financial messaging standard, according to a press release. We will be able to serve our clients even better by catering to their complex needs.”.

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ISO 20022 ISOs Message Standards Reconciliation 60

PYMNTS

AUGUST 15, 2019

In today’s digital age, however, speedy transactions depend on payment rails that support rapid settlement and messaging standards that enable sending and quickly processing comprehensive payment details. . ISO 20022 introduced a range of data fields that allow transactional details to be remitted along with payments.

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ISO 20022 ISOs Interoperability Message Standards 58

PYMNTS

NOVEMBER 27, 2019

The ISO 20022 payments messaging standard — and faster payment networks’ adoption of it — has proven to be a significant value-add to financial service providers’ faster payments offerings. The world is moving more toward standards, and ISO is one of them,” said Halpin. The Community Approach to Ubiquity.

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ISO 20022 Cross-Border Payments ISOs Real Time Payments 117

PYMNTS

JANUARY 20, 2021

Plus, dLocal partners with Dinie, RepSpark partners with PGA and Citi accelerates its ISO 20022 adoption. In an effort to simplify B2B payments for Australia, FinTech service provider WEX is teaming with digital business management technology company MYOB. Citi To Accelerate ISO 20022 Adoption Via Volante Partnership.

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ISO 20022 ISOs B2B Cross-Border 64

Fintech Finance

MAY 13, 2024

Finastra , a global provider of financial software applications and marketplaces, today announced it has completed testing and certification through the Federal Reserve for ISO 20022, becoming one of the first vendors in the industry to complete the process for multiple solutions.

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Fintech Finance

JULY 11, 2024

Finastra is helping banks implement instant payments in the most seamless and cost-effective way using the latest technologies to deliver robust sanctions screening and fraud prevention,” said Andreas Helbling, Country Head Switzerland, Financial Messaging Marketplaces at Finastra.

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Instant Payments Facilitators ISO 20022 Message Standards 115

PYMNTS

APRIL 19, 2016

Payments technology developers and regulators are beginning to voice their support for ISO 20022, the payments messaging standard that proponents say can streamline global payments with an easier way to link data to a transaction. SWIFT has similarly taken to boosting ISO 20022’s adoption within Canada , too.

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Fintech News

OCTOBER 15, 2024

In today’s fast-paced technological landscape, sticking with legacy systems can leave financial institutions lagging behind. The necessity for modernisation is driven by several key factors, including the migration to ISO 20022, the rise of Open Banking and the introduction of Central Bank Digital Currencies (CBDCs).

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ISO 20022 ISOs Payments Federal Reserve 116

PYMNTS

JULY 25, 2016

The push to adopt a messaging standard that is truly global — that would be ISO 20022 — stops at the U.S. While other markets around the world have already committed to adhere to ISO 20022 in compliance with mandates already in place, or payments technology that already demands adoption, the fact remains that the U.S.

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ISO 20022 ISOs Federal Reserve Message Standards 40

PYMNTS

NOVEMBER 12, 2018

continues its move to adopt the ISO 20022 payments messaging standard, the Bank of England is reportedly planning to create a panel aimed at streamlining the adoption of the standard for more efficient payments in the country. As the U.K. This is the latest initiative by the U.K. Earlier this year, the U.K.

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Fintech Finance

JULY 8, 2024

Icon Solutions today announces it has strengthened and expanded its strategic partnership with NatWest with the appointment of Ian Povey, CIO Payments Technology, and Lee McNabb, Head of Payments Strategy and Partnerships, as Board Observers. Ian is an experienced and internationally recognised payments product and technology executive.

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ISO 20022 Message Standards ISOs Payments Strategy 97

PYMNTS

MARCH 21, 2017

Enter: ISO 20022. For a few years the corporate banking space has been discussing the potential for ISO 20022 to streamline payments, with industry forces like SWIFT and SEPA promoting its adoption. “Or do corporates limit their choice of bank by insisting on their preferred format?”.

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ISO 20022 ISOs B2B Message Standards 77

PYMNTS

JULY 28, 2016

Though it can be traced back to 2004 and was revised as recently as 2013, the ISO 20022 framework is still a source of confusion across the payments industry. This “standard for standards” is designed to set the tone for a global financial industry message scheme, but unfortunately it is often misunderstood.

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ISO 20022 ISOs NACHA ACH 40

The Payments Association

FEBRUARY 14, 2025

Despite the overall understanding that modernisation is essential, legacy technologies hold many institutions back. If PSD2 and PSD3 light the fire, the upcoming necessary migration of ISO 20022 pours gasoline on it. From settlement infrastructure to cybersecurity, there is little room for banks to procrastinate.

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ISO 20022 Payment APIs and Integration ISOs Central Bank 100

PYMNTS

MAY 31, 2018

What these financial players need is a common language, a standard set of rules and operating procedures that they can use to work together efficiently. Throckmorton and his team at NACHA believe that ISO 20022 , developed by the International Organization for Standardization (ISO), could be that common language.

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PYMNTS

AUGUST 16, 2019

Many are choosing to implement ISO 20022 as a common messaging standard to achieve greater interoperability between payment systems, with the system seeing more than 80 implementations in over 40 markets, including with TCH’s RTP system in the U.S. and Australia’s NPP. Challenges Aren’t Universal.

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PYMNTS

APRIL 29, 2019

Ripple, which enables money transfers via blockchain, has been utilizing its distributed ledger technology to support cross-border payments. This can be accomplished with a standard like ISO 20022, which has been implemented more than 80 times worldwide, including with TCH’s RTP system in the U.S. and Australia’s NPP.

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PYMNTS

JULY 9, 2020

SWIFT Certifies Fiorano ISO 20022. The ISO 20022 payments messaging standard is a key focus for payments innovators looking to improve upon legacy payment rails. Steamchain wields blockchain technology to address friction in cross-border payments that result from the traditional interbanking system.

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ISO 20022 Blockchain Cross-Border Cross-Border Payments 77

PYMNTS

OCTOBER 10, 2016

ISO 20022, which is designed to set the tone for global financial industry messages, provides a standardized approach to building messaging standards across financial services. As Throckmorton pointed out, it’s not about moving money but more about making processes better, more standard and more secure.

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PYMNTS

MARCH 1, 2017

agency and clearing bank that provides banking-as-a-service for FinTechs and banks that need to connect into payment systems and core banking technologies. Built on hybrid cloud technology via Microsoft Azure, the company offers an API developed on ISO 20022 messaging standards. It’s ClearBank, a new U.K.

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ISO 20022 Message Standards ISOs API 77

Fintech News

MAY 27, 2025

The launch follows the companys acquisition of payments technology provider Numeral in December 2024. The new offering is designed to support regulatory compliance, instant payments, and messaging standards such as ISO 20022, while addressing the limitations of legacy systems that can hinder digital transformation.

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ISO 20022 Payment APIs and Integration Message Standards Regulatory Compliance 76

PYMNTS

SEPTEMBER 11, 2019

A majority (61 percent) regarded the flexibility and standardized nature of global data formats to be a benefit of real-time payments, which speaks to the importance of real-time payments for cross-border. Businesses that use real-time payments are more competitive, as the technology is becoming the standard for global commerce.

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Cross-Border Payments Cross-Border ISO 20022 Real Time Payments 76

The Fintech Times

JULY 15, 2024

Finastra is helping banks implement instant payments in the most seamless and cost-effective way using the latest technologies to deliver robust sanctions screening and fraud prevention,” said Andreas Helbling, country head Switzerland, financial messaging marketplaces at Finastra.

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Instant Payments ISO 20022 Fraud Prevention Message Standards 72

PYMNTS

MAY 1, 2019

Payments processing and financial message integration company Volante Technologies is expanding its Payments-as-a-Service offering for financial institutions in the U.S. The technology operates on the Microsoft Azure platform. and cross-border payments. . financial institutions. financial institutions.

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ISO 20022 Same Day ACH Cross-Border Payments Payment APIs and Integration 66

PYMNTS

AUGUST 28, 2019

With newer digital, automated payment technologies emerging in the B2B space, businesses continue to stick to what’s familiar: paper. With that in mind, one can assume that real-time payment technologies are far from the top of businesses’ priorities when it comes to embracing new payment processes.

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ISO 20022 B2B Real Time Payments ISOs 52

PYMNTS

NOVEMBER 10, 2020

But understanding how to position real-time payments technology to meet the needs of businesses is a challenge. As Scaffidi recently told Karen Webster, uncovering the B2B value of real-time payments is about understanding the broader culture shift that instant payments technology has introduced to the financial services landscape.

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B2B Real Time Payments Value Added Service ISO 20022 117

PYMNTS

JUNE 16, 2020

After identifying key pain points, according to Caldeira, it’s critical to find out how processes are running, where inefficiencies lie and how technology can help. The containers are uniform and standardized even though they hold a broad range of items. Time Is Of The Essence.

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ISO 20022 B2B Cross-Border ISOs 72

Fintech Finance

SEPTEMBER 10, 2024

There is also the global shift to ISO 20022 messaging standards. Other key findings include: Banks are bullish on AI – 100% of banks surveyed are at least considering the adoption of artificial intelligence, with a significant 62% actively or aggressively exploring this transformative technology.

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PYMNTS

AUGUST 1, 2019

While the world and its technologies are becoming more integrated, the financial services sector has a slew of hurdles it most overcome to promote a level of interoperability required to accelerate and streamline cross-border transactions.

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Interoperability ISO 20022 Cross-Border Correspondent Bank 61

PYMNTS

JANUARY 17, 2017

s initiatives towards faster and real-time payments, analysts noted key requirements to join the Faster Payments scheme in particular; among one of the highest costs of joining, the report concluded, is building the technology to support real-time posting of payments. In a recent report published by key stakeholders in the U.K.’s

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Faster Payments ISO 8583 ISO 20022 Message Standards 43

Fintech News

DECEMBER 10, 2023

These reports from invested financial and technology players provide in-depth insights into areas such as identity fraud, the integration of artificial intelligence in banking, and the evolving landscape of digital payments.

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FinTech Cross-Border ISO 20022 Cross-Border Payments 126

PYMNTS

NOVEMBER 19, 2020

The partnership supports Payment Canada's need for RTR to enable ISO 20022 messaging standards and remain in compliance with the Bank of Canada 's risk management standards for payment systems, an announcement revealed. Transcard Embraces Track for Real-Time B2B Payments. Rapyd Combats Fraud Across Payment Rails.

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B2B Blockchain Real Time Gross Settlement (RTGS) Real Time Payments 104

Fintech Review

APRIL 9, 2025

and ISO 20022 Compliance With the recent launch of XDC2.0, 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. Powered by XDC2.0

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ISO 20022 ISOs Payment APIs and Integration TPS 52

PYMNTS

NOVEMBER 13, 2020

We needed to position ourselves to respond to that emerging trend from a technology perspective.". This is particularly true with adoption of the ISO 20022 payments messaging standard, said Beattie, which promotes "enriched data transmission" and "leads to quicker, more informed and more efficient reconciliation processes.".

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Real Time Payments Electronic Funds Transfer (EFT) ISO 20022 Payment APIs and Integration 75

PYMNTS

NOVEMBER 18, 2020

Panelists included Sarah Billings , PNC’s senior vice president and head of payments product, operations and strategy; Bridgit Chayt , Fifth Third Bank’s senior vice president and director of commercial payments and treasury management; and infrastructure expert Domenico Scaffidi of Volante Technologies.

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Real Time Payments ISO 20022 Reconciliation Payments 98