What can you do today to prepare for the ISO changes?
Whether you are making or receiving payments or collecting information on bank balances across the world, ISO 20022 will change how this is done. Richer data and structured addresses can reduce operating costs, reduce credit risks and improve working capital.
BLOG: How, and why, ISO 20022 is changing payments
This radical overhaul of the current system is thanks to the introduction of the ISO 20022 message format, and the changes are set to affect all organisations that make payments, including corporates, banks and other financial institutions.
