ISO20022 - The "cure all"?

22/12/2023 20 min Temporada 1 Episodio 18
ISO20022 - The "cure all"?

Listen "ISO20022 - The "cure all"?"

Episode Synopsis

Welcome back dear listeners to Bitesize Payments, today we are going to discuss ISO20022.  It’s the lingua franca of financial services.  We started this journey when we discussed Standards, but ISO deserves a podcast on its own. But here’s the thing ISO touches the entire ecosystem and so the issue is a timing one.  The stakeholders need to not just adopt but get ready.  So, a central bank, a commercial bank the new rails, the corporates, merchant etc etc all need to move.It’s a x-industry change which makes it effectively the biggest opportunity and also the biggest issue. But moving from an analogue world to a digital one is tough…. So here we go ISO20022…..  What is its history, how it works and who does what… or perhaps in this case who is not doing what…… The "cure-all"?  Well we will see..Buckle up…Send us a textPayments Industry Insights History of Payments Payment System Explained Corporate Payments Strategy Payment Regulations Impact ISO20022 Standard Digital Payments Evolution CBDC Advancements Cryptocurrency in Payments Financial Technology Education