Globally, markets are shifting. Decentralization, real-time processing, and global standardization have become catalysts of change across industry domains, including payments, securities, trade services, cards, and FX. Financial Market Infrastructures (FMIs) are fast evolving to facilitate interoperability and data richness. The growing adoption of international standards such as ISO 20022 is paving the way for a global common language for financial communication. This ‘language’ will increase interoperability and enable data richness for enhanced regulatory reporting and extensive remittance information.
