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Parth Prafulbhai Sonara

Product Manager
BlackRock
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Followed by John Sims, Martha Boyle and 5 others you follow

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Product Manager
BlackRock
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Parth Prafulbhai Sonara

SWIFT ISO 20022: Technological Advances and Challenges

It is predicted that by 2025, ISO 20022 will handle 80% of transaction volumes and 87% of transaction value globally. In Europe, the adoption deadline was extended to November 2022. ISO stated that the new standard will provide improved efficiency in payment processing and enhanced data automation capabilities on an international scale. One signif...

26 March 2024 Innovation in Financial Services

Parth Prafulbhai Sonara

The settlement date for security transactions and what it means for financial processes

In response to heightened market volatility during the COVID-19 pandemic, the US Depository Trust & Clearing Corporation (DTCC) issued a white paper in February 2021 advocating for a transition to T+1 settlement. Collaborative efforts in 2021 and 2022 produced recommendations spanning post-trade processes, aiming to enhance investor benefi...

13 March 2024 Fintech

Parth Prafulbhai writes about

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  • wholesale banking

Parth Prafulbhai's opinion archive

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