With the support of EY, Swift asked early adopters to share strategic opportunities ISO 20022 offers.
Standard coexistence of ISO 20022 and MT formats for cross-border payments and reporting messaging started successfullly in March 2023, marking a major industry milestone on the journey to better data quality and instant and frictionless payment.
By adopting the ISO 20022 data structure, financial institutions can ensure they meet their customers’ evolving needs. They can also more easily meet regulators’ requirements, gain operational benefits and unlock opportunities to protect and grow their businesses with smarter insights and enhanced automation.
To reap the rewards though, you need to adopt ISO 20022 natively. So, what are the most promising use cases for ISO 20022? What tangible benefits should you be aiming for? And how can you build your internal business case?
By sharing the insights and learnings of early adopters of ISO 20022, this e-book outlines six different use cases for ISO 20022 to help decision-makers at financial institutions gain a clearer understanding of the ISO 20022 opportunity.
Visit ISO 20022 payments services for more information on how EY can help with developing a strategy advantage of the strategic opportunities the new standard provides.