293 articles tagged with this keyword
News/wholesale
US banking giant Citi is enlisting Volante Technologies to accelerate its adoption of the ISO 20022 financial messaging standard across its global payments operations.
19 January 2021
News/payments
The ISO standards roll-out and open banking will galvanise banks’ efforts to compete with data-driven big techs, despite “vagueness” about how best this might be accomplished.
30 November 2020
Diving into the ‘Unlocking customer value through ISO 20022’ session on day three of EBAday 2020, Guy Moons, head of enterprise payments solution, FIS, believes that the migration toward ISO is as revolutionary to the economy as going from a black and white television to a smart TV.
26 November 2020
Despite being waist-deep in its transition toward ISO 20022, the migration strategies held by financial institutions and schemes are still riddled with complexities.
25 November 2020
The role of market infrastructures (MIs) in Europe came under scrutiny to begin day two of Swift's Community Update - Focus on Europe live virtual event.
18 November 2020
Sending payments across borders takes high levels of collaboration, communication, and trust.
17 November 2020
Many of the ongoing conversations about ‘old vs new’, ‘big’ vs ‘small’ and ‘incumbent’ vs ‘start-up’ in financial technology may be built around the role of ISO 20022 in the banking and payments ecosystem in the years to come.
13 November 2020
Mastercard's Vocalink has won the contract to build the clearing and settlement infrastructure for Canada's new real-time payments system.
12 November 2020
As Sibos 2020 approaches, we look back to the status of ISO 20022 in its younger years and explore how assertions and predictions made about the migration have played out over the last decade.
02 October 2020
In collaboration with Microsoft, cross-border transaction network RTGS Global has launched the first stage of its operational rollout to boost visibility of interbank liquidity.
03 September 2020
The Federal Reserve is working hard to get its FedNow real-time payment and settlement service up and running as quickly as possible, according to governor Lael Brainard, who says the Covid-19 fallout has highlighted the importance of ensuring people have immediate access to funds.
07 August 2020
The benefits of implementing a cohesive instant payments system are manifold and well documented. As evidenced by the incoming European Single Market Infrastructure Gateway (ESMIG) and the need to integrate interoperable systems across Europe, the ability to access infrastructure that facilitates instant payments is vital.
03 July 2020
SWIFT’s universal confirmation of payment deadline set for November 2020 means that firms have a clear window of opportunity to refine and implement SWIFT’s global payment initiative (gpi) for cross-border payments.
17 June 2020
Payments Canada has announced the availability of ISO 20022 messages for Lynx, the country's new high-value payments system.
15 June 2020
The Federal Reserve has announced it will not implement Phase 1 of the Fedwire Funds Services migration to ISO 20022 during 2020 or 2021. It confirms that it does not have any other message format changes planned through 2021.
03 June 2020
Under instruction from the European Central Bank, interbank payments network Swift has drawn up a blueprint designed to mitigate complications borne from its surprise decision to delay the migration to the new ISO 20022 messaging standard.
20 May 2020
Ripple claims to have become the first blockchain-focused payments company to join the ISO 20022 standardisation committee, future-proofing its business for the eventual arrival of the data-rich messaging protocol.
07 May 2020
News/regulation
Letters obtained by Finextra show an exchange by the ECB and Swift regarding the latter’s responsibility to mitigate risks caused by its decision to delay migration to ISO 20022.
05 May 2020
Swift is to delay the original ISO 20022 migration date for cross border payments by 12 months, from November 2021 to the end of 2022, as banks struggle with decommissioning and preparing existing infrastructure for the transition.
16 March 2020
News/Financial messaging
With the accelerating pace of transformation in financial services, day two of SOFE 2019 explored the direction of travel financial institutions should embark on in order to thrive in this new world.
29 November 2019
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