Victoria Cleland, Executive Director of Payments, Bank of England (BoE) has given a speech on innovating wholesale payments: building a resilient ...

ISO 20022 promises smarter payments, faster reconciliation and better data. In the final part of Euromoney’s Countdown to ISO 20022 series we explore how banks are planning to use the rich and ...

Moreover, corporate readiness for ISO 20022 is anticipated to reach a crucial stage by 2024. For instance, the Bank of England plans to transition its Real-Time Gross Settlement System and high ...

The structured format of ISO 20022 messages has reportedly streamlined the bank’s processing of payments, leading to fewer manual interventions. “Since adopting more structured MX messages ...

A combination of crises such as the COVID-19 pandemic, complicated technology and unprepared bank IT departments have hindered ISO 20022 migrations globally. "Anytime you change the dataset that is ...

JP Morgan Payments went live with the first phase of ISO 20022 in March 2023 to support clients during their own migrations, explains Colin Williams, head of clearing transformation, who says the bank ...