ISO 20022 is an international standard for electronic data interchange between financial institutions and other businesses. It provides a common platform for developing messages in a standardized format, improving communication and efficiency in financial transactions including payments, securities and FX.
Key benefits of ISO 20022:
- Standardizes electronic data interchange between financial institutions.
- Provides consistent, structured data for financial business transactions.
- Simplifies global business communication.
- Helps streamline domestic and international payment capabilities.
For more information, please visit https://www.iso20022.org/