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Article15 Sep 2023

ISO 20022: The New Language of Global Payments

The cross-border payments ecosystem is undergoing a digital transformation to deliver significant improvements to data quality, through a more structured datadriven approach. The migration to the ISO 20022 global messaging standard across the SWIFT (Society for Worldwide Interbank Financial Telecommunications) network will be a key driver for achieving inter-operability, certainty, compliant and secure payments which can be tracked and traced enabling better decision-making.

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