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Object reference not set to an instance of an object.

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Barry Kislingbury
Barry Kislingbury - ACI Worldwide - London 15 October, 2014, 09:51Be the first to give this comment the thumbs up 0 likes

ISO 20022 is a big step towards a global standard, but you are correct that it will not be the silver bullet once hoped for, just take the SEPA example of AOS.

So although a big step forward which will reduce the formats nightmare, we are some way from the perfect standards world, meaning that other strategies to manage formats and the enterprise payments processes needed for better services, fraud and reporting data will be needed for some time to come.

Andrew Owens
Andrew Owens - SunGard AvantGard - London 15 October, 2014, 13:561 like 1 like

Thanks for the comment Barry.  And I think you're right.  I'm sure I remember reading somewhere that one of the PEACH's had encountered well over 80 variants of the SEPA Credit Transfer message, not even factoring in AOS...There is a growing acceptance that variants will continue to exist and that this is not a bad thing, as long as there is at least some attempt to gain consensus across the participants of that given standard.  Using ISO20022 XML for everything does make this task easier to manage, both from a technology perspective and even just from being able to read the messages easily.

Andrew Owens

Andrew Owens

SVP - Enterprise Payments

SunGard AvantGard

Member since

05 Feb 2013



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