Tag: ISO 20022

As payment innovation accelerates, financial institutions are feeling the pressure. Legacy infrastructure, shifting regulation, and rising customer demand for real-time ...

The Federal Reserve has transitioned its Fedwire Funds Service to the ISO 20022 messaging standard, making the new protocol mandatory ...

To further foster innovation within the UK’s strong open banking ecosystem, Mastercard has developed a sandbox where financial institutions can ...

Financial institutions have traditionally been risk-averse, relying on tried-and-tested products and services. However, transformative innovations—such as real-time payment rails, artificial ...

Global cross-border payments system Swift is introducing an enhanced solution for managing payment investigations, aiming to significantly reduce the time ...

A major deadline for ISO 20022 adoption is approaching: Swift, the European Central Banks’ real-time payment system, will require the ...

Financial institutions have been hesitant to embrace the array of payment types now available, from instant payments to stablecoins. However, ...

After years of discussion about the new messaging protocol, ISO 20022 is now an inevitability. Though there are substantial benefits ...

The United States employs multiple real-time payment schemes; however, unlike those in many emerging markets, these methods are not driven ...

Real-time payments will be the next significant challenge for mid-tier banks in the U.S. More than half (59%) of mid-tier ...