This story was originally published on HackerNoon at: https://hackernoon.com/how-one-blockchain-based-iso-20022-api-will-revamp-the-payments-realm-globally.
Impel's ISO 20022 Application Programming Interface (API) comes at an opportune time to complement the wider adoption of ISO 20022, including instant payments.
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ISO 20022 was introduced by the International Organization for Standardization in 2004 and is currently in use across 70+ countries. The push to adopt ISO20022 has resurfaced as a key strategy for corporate treasurers and banks considering an impending deadline in November 2025 when the legacy MT would be decommissioned by SWIFT. The standard provides financial institutions and corporates with enriched and granular data fields, resulting in clearer and more transparent financial messaging.

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