In the video we discuss the current work being done to convert to the ISO 20022 standard and look ahead at the long-term benefits.
The Banker Fresh Perspectives video is sponsored by Deutsche Bank but independently edited.
The ISO 20022 standard has already become the reality in several markets. With the ISO 20022 migration of the Eurozone and Swift at our door, what does the industry need to urgently focus on?
In conversation with
- Liz Lumley, deputy editor, The Banker
- Paula Roels, director and head of Swift and market infrastructure, Deutsche Bank
Deutsche Bank: Guide to ISO 2022 migration Part 5
As we near the milestone transition dates for cross-border payments and the Eurozone, the ISO 20022 migration is high on the agenda for financial institutions.
At its core, it is an exercise in harmonisation, but even harmonisation is susceptible to different approaches – and the risk of data truncation looms as market infrastructures and market participants transition on different timelines.
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