Today, data and communication are at the core of all financial transactions. Moreover, they have become increasingly important in the payments space that is undergoing a revolution. Open Banking, Real-Time Gross Settlement (RTGS) system renewal, and Instant Payments, coupled with tech innovations such as Distributed Ledger Technology and Blockchain, are redefining the global payments landscape. Banks, financial institutions, and corporations need a common language for effective communication and data exchange in such a scenario. ISO 20022 is that language. |
