Treat payments as one integrated ecosystem, expert says
Virtual meetings hear how domestic and cross-border ISO 20022 upgrades should be carried out at same time
When approaching International Standards Organization (ISO) 20022 messaging service upgrades, central banks should treat payment systems as one integrated ecosystem, rather than developing each in isolation, a payments expert has told Central Banking’s Virtual Meetings.
ISO 20022 is an international financial messaging standard. The Competition on Payments and Market Infrastructures has said its harmonised ISO 20022 data requirements are a milestone under the Group of 20 roadmap for enhancing
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