ISO 20022: Difference between revisions
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ISO 20022 is the international standard for financial messages, issued by the the International Organization for Standardization (ISO). | ISO 20022 is the international standard for financial messages, issued by the the International Organization for Standardization (ISO). | ||
:<span style="color:#4B0082">'''''The introduction of ISO 20022'''''</span> | |||
:"The new standard will significantly increase the amount of data that will be able to accompany the payment instruction. | |||
:One of the main benefits will be an increase in the ability to automate the allocation of receipts to customer accounts – reducing the time consuming, expensive and error-prone need for manual intervention. | |||
:In addition, it will allow more information regarding ultimate beneficiaries which will support any requirements for enhanced anti-money laundering protocols." | |||
:''Association of Corporate Treasurers - blog - April 2022.'' | |||
| Line 5: | Line 16: | ||
* [[ISO]] | * [[ISO]] | ||
* [[ISO currency codes]] | * [[ISO currency codes]] | ||
* [[Society for Worldwide Interbank Financial Telecommunications]] | * [[MT]] | ||
* [[MX]] | |||
* [[Payments Market Practice Group]] (PMPG) | |||
* [[Society for Worldwide Interbank Financial Telecommunications]] (SWIFT) | |||
==Other resources== | |||
*[https://www.treasurers.org/best-practice/iso-20022-resource-hub Association of Corporate Treasurers ISO 20022 hub] | |||
*[https://www.iso20022.org/ ISO 20022 website] | |||
[[Category:Financial_products_and_markets]] | |||
[[Category:Financial_products_and_markets]] | |||
Latest revision as of 04:27, 11 November 2024
ISO 20022 is the international standard for financial messages, issued by the the International Organization for Standardization (ISO).
- The introduction of ISO 20022
- "The new standard will significantly increase the amount of data that will be able to accompany the payment instruction.
- One of the main benefits will be an increase in the ability to automate the allocation of receipts to customer accounts – reducing the time consuming, expensive and error-prone need for manual intervention.
- In addition, it will allow more information regarding ultimate beneficiaries which will support any requirements for enhanced anti-money laundering protocols."
- Association of Corporate Treasurers - blog - April 2022.
See also
- ISO
- ISO currency codes
- MT
- MX
- Payments Market Practice Group (PMPG)
- Society for Worldwide Interbank Financial Telecommunications (SWIFT)
