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New direction, same goal for ISO 20022


Over the past several years, the financial services industry has been preparing for the impending transition to ISO 20022, Swift’s new global standard for payment messaging. By replacing the established class of MT messages and their equivalents with a globally recognized standard, ISO 20022 enables banks and their customers to make and receive payments far more efficiently and economically, with the added benefit of more consistent and detailed data.

The result should be far …



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